Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.
Tesco Bank 12 Month All Round Credit Card review September 2019
This versatile workhorse of a card offers a decent break from interest across the board.
Finder rating: ★★★★★
Doing its job: 4/5
In a nutshell:
0% interest on balance transfers
Balance transfer fee
0% interest on purchases
|Balance transfers||0% for 12 months reverting to 21.814%|
|Balance transfer fee||0% for 12 months reverting to 3.99% (min. £3)|
|Purchases||0% for 12 months reverting to 19.944%|
|Purchases interest-free period||Up to 56 days|
|Money transfers||0% for 12 months reverting to 21.814%|
|Min. credit limit||£250|
|Max credit limit||Subject to status|
|Additional cards available||1|
|Incentive||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.|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
If you’re looking to take a break from interest on an outstanding card balance, but need a card that you can also use for upcoming purchases (or even transfers from the card to another account), this card is worth a closer look.
What’s more, as with all Tesco Bank credit cards, you could even earn a few Clubcard points along the way, and you’ll earn these at a higher rate when you use the card at Tesco.
It’s one of two very similar “all-rounders” issued by Tesco Bank, with the other offering a longer 0% period at the cost of a small, one-off balance transfer fee (which, depending on the amount you wish to transfer and you monthly budget, may be worth paying).
It’s a solid all-rounder, but for a limited time only. After the card’s 0% periods have expired, it’s likely to be time to shop around for a better value or more rewarding deal.
How does this card compare with other similar cards on the market?
Tesco Bank’s card
Other all-rounders available
When it comes to repayments, you can make manual repayments online or over the phone (0345 300 4278), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.
Choose from the following direct debit options for your monthly repayments:
|Minimum amount||Fixed amount||Fixed percentage||Full amount|
How to apply for the Tesco Bank 12 Month All Round Credit Card
If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.