Tesco Bank Low Fee Balance Transfer
Representative APR
24.9% APR (variable)
Purchases
24.9% (variable) p.a.
Balance Transfers
0% for 18 months, then 24.94% (variable) p.a. (0.99% fee)
Account Fees
£0
Representative Example:
At an assumed credit limit of £1,200, with a purchase rate of 24.94% (variable) p.a., most accepted customers get a rate of 24.9% APR (variable).
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
The Tesco Bank Low Fee Balance Transfer credit card offers a reduced balance transfer fee alongside a Clubcard points rewards scheme. It may appeal to customers looking to manage existing debt cost-effectively while earning rewards on everyday spending.
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 | Balance Transfer |
| 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. |
| Cashback/Rewards (if applicable) | 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. |
| Account Fee | £0 |
| Purchases | 24.9% (variable) p.a. |
| Purchases Interest Free Period | 56 days |
| Balance Transfers | 0% for 18 months, then 24.94% (variable) p.a. (0.99% fee) |
| Balance Transfer Fee | 0.99% |
| Cash Advances | 29.94% (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% |
Application Requirements
| Availability | Available to new customers. |
|---|---|
| Minimum Income | £ 5,000 |
| Minimum Age | 18 |
| Residency | Permanent resident in the UK. |
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34.4% Representative APR (variable)
Mintify Limited, trading as Mintify, is an Introducer Appointed Representative of Creditec Limited and is acting as a credit broker, not a lender.
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