Comparing UK 0% credit cards online since 2002
What are the current Tesco credit card offers? Who owns Tesco credit card? These are both common questions that we see on a regular basis.
Tesco Bank used to offer a wide range of 0% cards to UK customers. However, in recent years the number of 0% introductory card offers, from Tesco Bank, have been significantly reduced.
This is partly a result of the current economic circumstances, and the recent Coronavirus pandemic. However, this is also a result of parent company Tesco Plc, having decided to scale back it’s focus on growing the bank.
Tesco Credit Card Deals
Currently there are a very limited number of Tesco credit card deals with 0% offers. These are available for customers who are looking for 0% introductory deals on balance transfers. However, there are no current Tesco credit card offers available for customers looking for 0% introductory deals on purchases.
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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 credit card deals above are currently shorter than the longest interest free credit cards available. The following alternative featured UK credit cards, with a choice of long 0% offers, including on purchases, are available to all UK customers:-
- 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
- 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
Customers will very often use a card with a 0% purchase offer, to make a higher value purchase. The above Marks and Spencer credit card, for example, has one of the longest 0% introductory offers available on purchases. You can use a card to pay for any large purchase. With the 0% offer, you can then pay off the amount in monthly instalments.
Who Owns Tesco Credit Card?
The original Tesco Personal Finance was a joint venture owned 50/50 by Tesco Plc and Royal Bank of Scotland. However, Tesco Plc took then full control by purchasing Royal Bank of Scotland’s 50% share of the joint venture. This happened back in December 2008.
It was then announced in February of this year that Barclays had purchased the credit cards, loans and savings business from Tesco. The purchase has still has to be approved by the financial regulators in the UK. This is expected to be completed in the second half of this year. It is also not yet clear what this deal will mean for the many Tesco credit card existing customers.
There two common reasons why many customers want to know, who owns Tesco credit card?
If you are applying for a new 0% credit card and looking to make a balance transfer, then you need to know who provides your new credit card. This is because you can not transfer a balance from one credit card to another, which is owned by the same credit card provider.
Similarly if you are applying for a new card to make purchases, then you also need to know who owns your new credit card. This is because many UK card companies will only allow you to have one of their credit cards at any one time.
Mastercard, and Visa, provide the payment processing for most UK credit cards. Cards issued using either Mastercard, or Visa, are widely accepted at millions of locations around the world.
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