Tesco has increased its interest free balance transfer and purchase offers on its Clubcard and Bonus Credit Cards.
The provider has increased the balance transfer offer from 13 months to 14 months (subject to a balance transfer fee of 2.9%) and the 0% on purchases offer from 3 months to 6 months.
There is competitive typical APR of 16.9% (variable) on the Tesco Clubcard credit card , plus you get Clubcard points when you make purchases on the credit card. With a Tesco Clubcard, you usually earn 1 point for every £1 spent, however, you will receive 5 points for spending £4 in Tesco stores or when using the Tesco website. You will also receive 1 point per £4 spent on non-Tesco purchases.
The Clubcard points are redeemed in voucher form every quarter and sent to your home. These can then be used towards Tesco shopping or get quadrupled if you use them against Clubcard deals in the form of Deals Tokens.
The Tesco Bonus Credit Card has a typical APR of 15.9% (variable) and gives cardholders an annual rebate of a percentage amount of the interest that has been paid throughout the year.
Both credit cards have some good benefits, and come with an instant decision as to the success of your application, but the best one for you will depend on your circumstances.
If you regularly shop in Tesco or using Tesco Online, and think you will use the Tesco Clubcard credit card for new purchases, you stand to be suitably rewarded for using it.
However, if you don’t shop in Tesco, you are more likely to benefit from the Tesco Bonus credit card especially as it will refund you some of the interest you have paid over the past year. This will effectively lower the annual interest rate you are paying and could make it potentially more attractive to stick with after the 0% offers run out.
Click the relevant link for more information about the Tesco Clubcard Credit Card and the Tesco Bonus Credit Card.
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