Who Owns Tesco Credit Card?

Who owns Tesco credit card? Who underwrites Tesco credit card? Who provides the Tesco credit card?

These are all common questions about the Tesco credit card range that we seen quite often here at 0% Credit Card Expert over recent months.

There two common reasons why many credit card customers want to know, who owns Tesco credit card?

Who Owns Tesco Credit CardIf you are applying for a new 0% credit card and looking to make a balance transfer, then you need to know who provides the Tesco credit card deals, because you can not transfer a balance from one credit card to another owned by the same company.

Similarly if you are applying for a new Tesco credit card to make purchases, then you need to know who owns Tesco credit card, because many credit card companies will only allow you to have one credit card issued by them and will decline your application if you already have another of their cards.

Who Owns Tesco Credit Card?

Tesco credit card is owned by Tesco Bank, which is wholly owned by Tesco Plc, the food retailer that many UK customers will be very familiar with. The Tesco credit card is underwritten by Tesco Bank.

Tesco Bank launched as a credit card provider back in 1997 and today has over 7 million customer account across a wide range of both banking and insurance products.

Tesco Bank have a strong credit card offering, with long 0% introductory deals and offers on balance transfers as well as also offering a 0% credit card with no balance transfer fee.

The current range of 0% Tesco credit cards includes the following popular featured cards:-

0% Credit Card Offers

Balance Transfers:
0% interest for 40 months
Balance Transfer Fee:
2.69%
Purchases:
0% interest for 3 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

Tesco Clubcard Credit Card for Balance Transfers*
  • 0% interest for up to 40 months on balance transfers from account opening
  • 2.69% balance transfer fee
  • 0% interest for 3 months on purchases from account opening
  • Earn Clubcard points wherever you use your card, plus your usual points in Tesco. Terms apply
  • The 0% offer is applied to any balances or money transferred within the first 90 days of opening your account
  • Apply online and get a decision within 60 seconds
  • Annual Fee: £0
More Information

Application Criteria

Tesco Clubcard Credit Card for Balance Transfers*
  • You have an annnual 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 do not 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
More Information
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)
The APR, length of promotional offer, and credit limit may vary as they are dependent on your personal circumstances

0% Credit Card Offers

Balance Transfers:
0% interest for 24 months
Balance Transfer Fee:
0%
Purchases:
No offer
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

Tesco Clubcard Credit Card with No Balance Transfer Fee*
  • 0% interest for up to 24 months on balance transfers made within the first 90 days of opening your account
  • 0% balance transfer fee
  • No introductory offer on purchases
  • Earn Clubcard points wherever you use your card, plus your usual points in Tesco. Terms apply
  • Apply online and get a decision within 60 seconds
  • Online account management
  • Annual Fee: £0
More Information

Application Criteria

Tesco Clubcard Credit Card with No Balance Transfer Fee*
  • You have an annnual 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 do not 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
More Information
No balance transfer fee
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)

Now that you know who runs Tesco credit card, here at 0% Credit Card Expert we also know that you can safely make a balance transfer from your existing Tesco credit card to all of the following popular featured 0% cards which are issued by a different credit card company.

0% Credit Card Offers

Balance Transfers:
0% for up to 40 months
Balance Transfer Fee:
1.69%
Purchases:
0% for 6 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

Halifax 40 Month Credit Card*
  • 0% for up to 40 months from account opening on balance transfers made in first 90 days
  • 1.69% balance transfer fee in first 90 days (after 1.31% refund), 3% fee applies after 90 days
  • 0% for 6 months from account opening on purchases
  • Cover against online fraud when purchasing on the Internet
  • Manage your card online using Online Banking and Mobile Banking
  • Annual Fee: £0
More Information

Application Criteria

Halifax 40 Month Credit Card*
  • You are a UK resident
  • You have a regular income
  • You do not have any Count Court Judgements against you
  • You are aged 18 or over
More Information
1.69% balance transfer fee (after refund) in first 90 days, 3% fee applies after 90 days
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
The APR and length of the promotional offer are dependent on your personal circumstances

0% Credit Card Offers

Balance Transfers:
0% for up to 32 months
Balance Transfer Fee:
0.8%
Purchases:
0% for 12 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

Lloyds Platinum 32 Month Credit Card*
  • 0% for up to 32 months from account opening on balance transfers
  • 0.8% fee applies on balance transfers made in first 90 days, 3% fee applies after first 90 days
  • 0% for 12 months from account opening on purchases
  • Lloyds Bank Clicksafe and Internet fraud protection
  • Online servicing with Internet Banking
  • Annual Fee: £0
More Information

Application Criteria

Lloyds Platinum 32 Month Credit Card*
  • You are a UK resident
  • You have had a permanent UK address for 3 years or more
  • You have a good credit rating/history
  • You are aged 18 or over
More Information
0.8% fee applies on balance transfers made in first 90 days, 3% fee applies after first 90 days
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.94% p.a. (variable)
APR and Promotional periods may vary depending on your personal circumstances

0% Credit Card Offers

Balance Transfers:
0% for 41 months
Balance Transfer Fee:
3%
Purchases:
0% for 3 Months
Representative APR:
20.9% APR (variable)
More Information

Credit Card Details

Virgin Money 41 Month Balance Transfer Credit Card*
  • 0% on balance transfers for 41 months from date account opened (20.9% APR thereafter)
  • 3% balance transfer fee in first 60 days, 5% fee applies after 60 days
  • 0% on purchases for 3 months from the date your account is opened
  • 0% on money transfers for 41 months from date account opened (20.9% APR thereafter)
  • 3.80% money transfer fee in first 60 days , 5% fee applies after 60 days
  • Contactless payments to quickly and securely pay for purchases up to £30
  • Annual fee for card: None
More Information

Application Criteria

Virgin Money 41 Month Balance Transfer Credit Card*
  • You are a UK resident
  • You have a bank or building society account
  • You have a good credit history
  • You are aged 18 or over
More Information
Representative Example: 20.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 20.9% p.a. (variable)

0% Credit Card Offers

Balance Transfers:
0% for up to 29 months
Balance Transfer Fee:
2.5%
Purchases:
0% for up to 29 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

Bank of Scotland 29 Month Credit Card*
  • 0% interest for first 29 months from account opening on balance transfers made within first 90 days
  • 2.5% balance transfer fee in first 90 days, 3% fee applies after 90 days
  • 0% interest for 29 months from account opening on purchases
  • Cover against online fraud when purchasing on the Internet
  • Manage your card online using Internet Banking and Mobile Banking
  • Annual Fee: £0
More Information

Application Criteria

Bank of Scotland 29 Month Credit Card*
  • You are a UK resident
  • You have a regular income
  • You are aged 18 or over
More Information
2.5% balance transfer fee in first 90 days, 3% fee after 90 days
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
The APR and length of the promotional offer are dependent on your personal circumstances

We commonly see some other people answer the question, who owns Tesco credit card, with the answer of Royal Bank of Scotland or the Bank of Scotland credit card company. These answers are incorrect.

The original Tesco Personal Finance was a joint venture owned 50/50 by Tesco Plc and Royal Bank of Scotland, but Tesco Plc took full control by purchasing RBS’s 50% share of the joint venture on 19th December 2008.

So in summary, the correct answer to the questions who owns Tesco credit card and who underwrites Tesco credit card is Tesco Bank, which is wholly owned by Tesco Plc.


Related Content From 0% Credit Card Expert:-

Today on 0% Credit Card Expert there are:-

115 UK 0% credit cards currently avaliable offering:-

  • 0% interest on balance transfers for up to 41 months
  • 0% interest on purchases for up to 32 months