Tesco Credit Card
Tesco Credit Card
There are a lot of options when it comes to credit cards, which means that there is something for everyone. Regardless of whether you are looking for a credit card for bad credit or a balance transfer credit card, you won’t find yourself short of choice. A lot of people make the mistake of assuming that it’s only large banks that offer good credit card options, but that is not the case. A lot of supermarkets also offer financial services and this includes credit cards, Tesco being one of them. It’s important to consider a wide range of options before deciding on a credit card, as they all offer something different. Even with a small amount of credit card compare research, it’s possible to single out the credit card that offers you exactly what you are looking for. One option that’s worth considering is the credit card from Tesco, as it offers low interest rates to begin with and doesn’t require a hefty income.
Who Can Apply For A Credit Card Tesco?
There are always requirements to meet before you are approved for a credit card, and the credit card from Tesco is no different. You must be at least 18 years of age, you must be a UK resident and you must have a good credit score. Though there are multiple credit cards for bad credit out there, the Tesco credit card is not one of them. If you do have a bad credit score, it’s best to focus your attention on credit cards that have been designed with you in mind. However, if you have a good credit score, you can apply and be approved for the Tesco credit card with ease. It’s also important to have a minimum income of £2,500 as anyone without will not be approved.
What Does The Credit Card Tesco Offer?
- With a credit card from Tesco, you can benefit from an APR of 27.5%. Though this is not the lowest APR available, it’s also not one of the highest. An APR of 27.5% is to be expected from a credit card of this sort.
- The Tesco credit card offers a low rate of 0% on purchases for a duration of 20 months. After this, the rate increases to a standard rate. There are other credit cards offering low rates of 0% on purchases, but very few do so for as long as 20 months.
- With the Tesco credit card, you will receive a balance transfer rate of 0% for 26 months. This is ideal if you are looking for a balance transfer credit card. Though other credit cards also offer introductory rates on balance transfers, very few do so for as long as 26 months.
Though the Tesco credit card doesn’t offer cashback or discounts, it does offer impressive low rates for a lot longer than many other credit cards. It’s a good choice if you need a balance transfer credit card.