Compare Tesco Bank balance transfer offers for July 2019

Tesco Bank currently boasts some of the longest 0% balance transfer deals on the market.

Last updated:

If you’re looking to transfer a sizeable credit card balance in order to take a break from paying interest on it, Tesco Bank should definitely be on your radar.

It has deals with no balance transfer fees or if you’re happy to pay a fee in return for a longer introductory 0% period, there are options for this too.

Many of Tesco Bank’s credit cards also offer lengthy 0%-on-purchase deals alongside their balance transfer offers and allow you to earn Tesco Clubcard points on purchases.

Some cards also allow 0% money transfers from your credit card to your current account, which could be useful if you’re consistently stuck in your overdraft.

Tesco Bank 0% balance transfer credit cards

Comparison ordered by representative APR with affiliated products shown first.
Updated July 22nd, 2019
Name Product Balance transfers Balance transfer fee Purchases Rep. APR Incentive Representative example
0% for 28 months reverting to 21.814%
2.98% for 28 months reverting to 3.99% (min. £3)
0% for 3 months reverting to 19.944%
19.9% p.a. (variable)
1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.
Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 28 months reverting to 21.814%
2.98% for 28 months reverting to 3.99% (min. £3)
0% for 3 months reverting to 19.944%
19.9% p.a. (variable)
1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.
Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 15 months reverting to 21.814%
0.85% for 15 months reverting to 3.99% (min. £3)
0% for 15 months reverting to 19.944%
19.9% p.a. (variable)
1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.
Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 12 months reverting to 21.814%
0% for 12 months reverting to 3.99% (min. £3)
0% for 12 months reverting to 19.944%
19.9% p.a. (variable)
1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.
Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 20 months reverting to 21.814%
0% for 3 months reverting to 3.99%
19.944%
19.9% p.a. (variable)
1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.
Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a., your representative rate is 19.9% APR (variable).

Compare up to 4 providers

How do Tesco balance transfers work?

  1. You can apply for a Tesco credit card via the Tesco Bank website. The application takes around 10 minutes to complete. You’ll need to provide personal information, bank details and information about the balances you want to transfer.
  2. You’re promised a decision on your application within 10 minutes. It’s possible you may be approved for a credit card with different terms depending on how your personal circumstances were assessed.
  3. You’ll receive your card within five to seven days. You’ll have to activate it by calling Tesco Bank or using its mobile app.
  4. Once you activate your card, Tesco Bank will begin the process of transferring existing balances over to your new card. This can take two to three working days. You should continue making payments to your old credit card until the transfer is complete.
  5. You can arrange additional balance transfers whenever you like, but the 0% introductory deal only applies to balances transferred within 90 days of activating your card.

How long does a Tesco balance transfer take?

Balance transfers you request during your card application won’t take place until your credit card is activated. You can expect the process to take two to three days, once your card has been activated. Additional balance transfers will also take between two to three days to complete.

How should I compare Tesco balance transfer deals?

Here are some of the key features you’ll want to look at when deciding which Tesco Bank balance transfer offer might be the best option for you:

  • Length of 0% period. Tesco Bank has one of the longest fee-free 0% balance transfer deals on the market. If this card has a 0% period long enough for you to clear your balance, it’s likely to be your best choice. If you need a longer 0% deal, there are other cards to choose from. Bear in mind that longer 0% deals come with larger balance transfer fees, so go with the shortest deal that’ll allow you to pay off your balance in full.
  • Balance transfer fee. This is expressed as a percentage of the balance being transferred. The fee is deducted from your credit card balance.
  • 0%-on-purchase deals. Many Tesco Bank credit cards also have lengthy 0% deals on purchases. If this appeals, opt for a card that includes it. Remember, your 0% deals on purchases and balance transfers might have different lengths.
  • Standard rate. This is the rate you’ll pay on purchases and balance transfers outside of your 0% periods.

Other frequently asked questions

The NatWest Balance Transfer Credit Card (existing customers)
The NatWest Balance Transfer Credit Card (existing customers)

Balance transfers:

0% for 23 months reverting to 19.9%

Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

M&S Bank Shopping Plus Mastercard
M&S Bank Shopping Plus Mastercard

Balance transfers:

0% for 20 months reverting to 19.9%

Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

ASDA Money Cashback Credit Card Mastercard
ASDA Money Cashback Credit Card

Balance transfers:

0% for 12 months reverting to 19.9%

Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

The Royal Bank Balance Transfer Credit Card (existing customers)
The Royal Bank Balance Transfer Credit Card (existing customers)

Balance transfers:

0% for 23 months reverting to 19.9%

Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

*Disclaimer: The offers compared on this page are chosen from a range of products whose details Finder has access to track; they don't represent all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The terms "best", "top", "cheap" (and variations) are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site