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 Low APR Credit Card review September 2019
If short-lived 0% deals aren't your thing and you're more interested in a low, ongoing (albeit variable) rate, this card's hard to beat.
Finder rating: ★★★★★
Doing its job: 5/5
In a nutshell:
0% interest on balance transfers
Balance transfer fee
0% interest on purchases
|Balance transfers||0% for 1 months reverting to 6.054%|
|Balance transfer fee||0% for 1 month reverting to 3.99%|
|Purchases||0% for 1 months reverting to 5.94%|
|Purchases interest-free period||Up to 56 days|
|Money transfers||0% for 1 months reverting to 6.054%|
|Min. credit limit||£250|
|Max credit limit||Subject to status|
|Additional cards available||1|
|Incentive||1 Tesco Clubcard point per £4 spent (£4 minimum) in Tesco and 1 Clubcard point per £8 spent (£8 minimum) outside Tesco in each purchase transaction. Exclusions apply. Clubcard points collection rates are subject to change. Must have available credit. Clubcard points are converted to Clubcard vouchers which can be used on your shopping in Tesco, or get even more value through Clubcard Rewards Partners.|
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 keep things simple with a straightforward, cheap credit card and you collect Clubcard points, the Clubcard Credit Card with Low APR is a very strong contender.
Because the rates are low indefinitely, you don’t need to set any calendar reminders for expiring introductory deals. Just bear in mind that the rate is variable (meaning that Tesco Bank will periodically change it at their discretion) and, crucially, can be tailored to the individual applicant.
If you want to save interest on significant existing credit card debt, or if you’re looking to spread the cost of a large upcoming expenditure, there are better options (at least in the shorter-term) available from both Tesco Bank and other card issuers. There are numerous 0% interest offers available, which are great while the interest-free period lasts, but usually best ditched after that point.
As with all Tesco Bank credit cards, you’ll be able to earn additional Tesco Clubcard reward points on your day-to-day spending, and you’ll earn these at a higher rate when you shop at Tesco. There’s also a token, short introductory interest-free period on balance transfers and purchases.
Compare low rate credit cards
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|
Frequently asked questions
Will I earn Clubcard points with Tesco Bank’s Clubcard credit card?
What’s the best credit card with low APR?
What will my credit limit be?
Can I lower my interest rate?
How to apply for the Tesco Bank Clubcard Credit Card with Low APR
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.
Finder credit card ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our team evaluates credit cards to determine their value against similar products on the market.
We look at the how good the card is for its designated purpose – spending abroad, clearing debt, earning air miles etc. – how costly it is to use day-to-day and whether it offers much in the way of extras.