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Tesco Bank 20 Month Balance Transfer & Purchase Credit Card

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Balance Transfer offer duration
20 mths
Transfer Fee
1.99%
Representative % APR (variable)
20.9% APR
You'll save £642

Representative Example

Tooltip

If you spend £1,200 at a purchase interest rate of 20.94% p.a. (variable) your representative APR will be 20.9% APR (variable)

What's Good

Collect Tesco Clubcard points almost everywhere you use your card, on top of your usual points in Tesco (T&Cs apply)
Manage your money with the Tesco Bank Mobile Banking App and online banking services
You can still apply for this card if you have another credit card with Tesco Bank
No annual fee

What's Bad

The interest rates and promotional periods could change to the ones shown here, dependent upon your personal circumstances
Balance transfers must be made within the first 90 days to get the promotional offer
Your introductory rates will be withdrawn if Tesco Bank do not receive your minimum payment on time and in full
You cannot transfer a balance from another Tesco Bank Credit Card

Features

0% interest for up to 20 months on balance transfers from account opening, then 20.94% p.a (variable). (1.99% transfer fee during promotional period then 3.99% transfer fee)
0% interest for up to 20 months on purchases from account opening, then 20.94% p.a (variable)
You can transfer up to 95% of your available credit limit

Eligibility

Must be over 18
Must be a UK resident
Must have a UK bank or building society account
Must have a good credit history
Must have an annual income of £5,000 or more

Calculate your savings

Savings Calculator

Amount

How much would you like to transfer?

Repayments

How much can you repay monthly?

% APR

What's your current card's APR?

Update Savings

You'll save 642

See how we calculate this

Your savings

Interest savedInterest savedThe interest saved over the length of the 0% deal compared to borrowing on a card with your current APR (over the 0% period)
£702
Transfer feeTransfer feeThe one off handling fee that you will have to pay if you transfer a balance
£60
Annual feeAnnual feeSome cards charge an annual fee, although the majority are fee free
£0
You'll save
£642

We calculate the interest you would save by holding your balance on the new 0% interest card instead of your current card, taking into account the transfer fee, over the length of the 0% offer.

We assume you won’t do any spending on the card as this is usually charged at a different rate. For a full list of assumptions click here

Rates and Fees

Balance Transfer OfferTooltip
Intro Rate
Tooltip
0 %
Duration
Tooltip
20 months
Transfer Fee
Tooltip
1.99 %
Purchase OfferTooltip
Intro Rate
Tooltip
0 %
Duration
Tooltip
20 months
Annual Interest RatesTooltip
Balance Transfers
Tooltip
20.94 %
Purchases
Tooltip
20.94 %
Cash Withdrawals
Tooltip
29.95 %
Other Key Facts
Annual Fee
Tooltip
£0
Cash Advance Fees
Tooltip
3.99 %
Minimum Age
18 years
Minimum Income
£5,000
Overseas Transaction Fee
Tooltip
2.75 %

What does 'pre-approved' mean?

Pre-approved means you will get accepted for the card, and at the rate advertised, providing the information you give is accurate and you pass the lender's checks (which may include a responsible lending check using open banking information).

We're on a mission to help everyone move their finances forward and gain financial momentum.


TotallyMoney is an independent credit broker, not a lender. Our comparison service works with most leading lenders, covering the majority of the market. Though we may be paid a fee by lenders or brokers this never influences how our products are ranked.

We don't provide financial advice. Product information is obtained from independent sources and rates displayed may vary depending on your personal circumstances. While we make every effort to ensure that information is up to date, you should always confirm the terms of the offer with the product provider.

TotallyMoney is owned and operated by TotallyMoney Limited which is registered in England and Wales (Company Registration Number 06205695). TotallyMoney Limited is an Appointed Representative of TM Connect Limited, which is registered in England and Wales (Company Registration Number 06967012) and authorised and regulated by the Financial Conduct Authority in respect of consumer credit related activities (FCA FRN: 511936). Trading Address and Registered Office: Chapter House, 16 Brunswick Place, London N1 6DZ. Credit is available, subject to status, only to UK residents aged 18 or over.

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