Comparing balance transfer credit cards online since 2002The Tesco balance transfer credit card offers change quite regularly. The bank makes changes to the length of their 0% introductory offers, and/or the transfer fee, as they adjust the features of the card.,
Tesco Bank like many of the other UK card companies have over recent years, reduced the length of their 0% introductory offers available to new customers.
Tesco Bank have also reduced the number of credit cards that they offer to new customers. Currently there are no Tesco credit cards available with long 0% introductory offers on purchases, for example.
Tesco Balance Transfer Credit Card
The current Tesco balance transfer credit card now offers new customers a 0% for 24 months on balance transfers. This card has a 2.75% balance transfer fee in first 90 days, 3.99% fee after 90 days and a representative 24.9% APR variable.
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- 0% interest for 24 months on balance transfers made within the first 90 days of opening your account
- 2.75% balance transfer fee in first 90 days, 3.99% fee after 90 days
- No purchases offer with this card
- Earn Clubcard points wherever you use your card, plus your usual points in Tesco. Terms apply
- You can transfer up to 95% of your available credit limit
- Apply online and get a decision within 60 seconds
- Annual Fee: None
- You have an annual income of at least £5,000
- You are at least 18 years of age
- You have a good credit history
- You live in the UK, or have a British Forces Post Office address
- You don't currently hold more than 1 Tesco Bank Credit Card
- You have not applied for a Tesco Bank Credit Card in the last month or have an application currently in progress
The Tesco bank balance transfer card is issued as a Mastercard credit card, and also doubles up as a Clubcard. As a result, this means that customers using the Tesco balance transfer credit card, earn Clubcard points, wherever they use their card.
Tesco Credit Card Balance Transfer
What are the UK credit cards that allow a transfer from a Tesco credit card? Many customers want to know the cards that will allow a transfer from their existing Tesco credit card.
When you are making a balance transfer, it is important to know which UK credit card issuers provide which credit cards. This is because of one main issue that applies to all UK credit card companies, including Tesco Bank.
This issue is that the credit card companies, do not allow balance transfers to be made, when both of the credit cards involved in the balance transfer, are issued by the same card company.
As a result, existing customers with a Tesco credit card cannot make a transfer to Tesco, using the card above.
However, many of the other UK card companies will accept a Tesco credit card balance transfer. All of the following featured cards will accept a transfer from a customer with an existing Tesco credit card:-
- 0% for up to 26 months on balance transfers made within 90 days of account opening
- 3.49% balance transfer fee, minimum £5
- 0% on purchases for 3 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
- Manage account online
- Annual Fee: None
- You are a UK resident
- You have an annual income or pension of at least £6,800
- You are aged 18 or over
- You have not held a credit card with M&S Bank within the previous 12 months
- 0% interest for up to 26 months on balance transfers made within first 60 days of account opening
- 3.49% balance transfer fee applies (minimum £5)
- 0% interest on purchases for 3 months from account opening
- At end of promotional period, balance transfers and purchases will revert to standard variable rate
- Worldwide offers and discounts with HSBC home&Away
- Manage your card online
- Annual Fee: None
- You have an annual income or pension before tax of £6,800 or more
- You are a UK resident
- You are aged 18 or over
- You do not hold an HSBC Basic bank account
- 0% for up to 12 months on balance transfers made within 90 days of account opening
- 3.49% balance transfer fee, minimum £5
- 0% on purchases for up to 20 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
- Manage account online
- Annual Fee: None
- You are a UK resident
- You have an annual income or pension of at least £6,800
- You are aged 18 or over
- You have not held a credit card with M&S Bank within the previous 12 months
- 0% interest for up to 16 months on balance transfers made within first 60 days of account opening
- 3.49% balance transfer fee applies (minimum £5)
- 0% interest on purchases for up to 18 months from account opening
- At end of promotional period, balance transfers and purchases will revert to standard variable rate
- Worldwide offers and discounts with HSBC home&Away
- Manage your card online
- Annual Fee: None
- You have an annual income or pension before tax of £6,800 or more
- You are a UK resident
- You are aged 18 or over
- You do not hold an HSBC Basic bank account
Tesco Bank Balance Transfer
Tesco Bank is one of the newer UK Banks. It was initially formed, back in 1997, as a 50/50 joint venture between Tesco and Royal Bank of Scotland. However Tesco then bought out the 50% share of the business held by Royal Bank of Scotland, to own all of the bank.
Tesco Bank’s credit card, loan and savings business has now been purchased by Barclays Bank. The purchase, made in February 2024, is now subject to approval by the UK financial regulators.
It is not yet known how this will affect any Tesco Bank 0% introductory transfer offers in the future. Barclays Bank do already provide a range of Barclaycard balance transfer offers.
The 0% introductory offer Tesco balance transfer credit card was first introduced in May 2012. The card was as an additional choice to the existing Tesco Clubcard credit card available within the UK.
The Tesco Bank transfer card is promoted by Tesco both in it’s food stores, and online and by mail to the millions of Tesco Clubcard holders.
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