Tesco Bank Low APR

4.5

OUR RATING

Representative APR

10.9% APR (variable)

Purchases

10.94% (variable) p.a.

Balance Transfers

11.46% (variable) p.a. (3.99% fee)

Account Fees

£0

Representative Example:

At an assumed credit limit of £1,200, with a purchase rate of 10.9% (variable) p.a., most accepted customers get a rate of 10.9% APR (variable).

4.5

OUR RATING

Editor’s Note: While we always aim to give you accurate product information at the point of publication, rates, prices, terms and promotions can always be changed by the provider afterwards and without notice, so be sure to double check first.

Our Verdict

Most low interest credit cards don’t offer rewards, but the Tesco Bank Low APR credit card is an exception. It features a competitive APR of 10.9%, no annual fees, and allows cardholders to collect Clubcard points on their spending. Tesco banking has transferred to Barclays. Barclays will continue to use the Tesco Bank brand on all existing Tesco Bank banking products through a long-term strategic partnership with Tesco. If your application is successful, there’ll be no immediate changes to how you use and manage your account on a day-to-day basis.

Important: The information contained in this table summarises key product features and is not intended to replace any terms and conditions from the card issuer.

Product Features & Benefits

Issuer	Tesco Bank
Network	Mastercard
Primary Category	Rewards
Loyalty Scheme	Clubcard
Incentive on opening	5 points per £4 spent (£4 minimum) in Tesco, 1 point for every £4 spent on Tesco fuel (excluding Esso) plus 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.
Cashback/Rewards (if applicable)	No cashback scheme
Account Fee	£0
Purchases	10.94% (variable) p.a.
Purchases Interest Free Period	56 days
Balance Transfers	11.46% (variable) p.a. (3.99% fee)
Balance Transfer Fee	3.99%
Cash Advances	24.94% (variable) p.a. (fees apply)
Minimum Credit Limit	£ 100.00
Maximum Credit Limit	Subject To Status

Fees & Charges

Account Fee	£0
Late Payment	£ 12
Returned Payment	£ 0
Exceed Limit	£ 12
Duplicate Statement	£ 0
Replacement Card	£ 0
Trace Fee	£ 0
Cash Withdrawal Fee	4%
Cash Withdrawal Minimum Charge	£ 3
Foreign Usage EU	2.75%
Foreign Usage World	2.75%