Tesco Bank Purchase credit card review

2 min Read Published: 10 Jan 2022

Tesco Bank Purchases credit card review In this article, we review the Tesco Bank Purchase credit card, which offers up to 23 months interest-free on purchases.

Key facts about the Tesco Bank Purchase credit card

  • Best for: Those looking to spread the cost of a large purchase over an extended period.
  • Introductory offer: Interest-free for up to 23 months on purchases.
  • Representative APR: 20.9% variable.
  • Fees: No annual fee.
  • Perks: Collect 5 Tesco Clubcard point for every £4 spent at Tesco and for every £8 spent elsewhere.

Pros of the Tesco Bank Purchase credit card

  • The card has a competitive introductory offer on purchases
  • It has the added benefit of allowing people to collect Tesco Clubcard points with most purchases made with the card.
  • The APR stacks up well against similar cards, although it is worth paying the balance in full each month to continue to benefit from interest-free spending after the introductory offer has come to an end.

Cons of the Tesco Bank Purchase credit card

  • Although it can offer up to 23 months, you may be offered a shorter interest-free period depending on your credit score.
  • There is a 2.99% balance transfer fee and 3.99% money transfer fee during the introductory period, reverting to 3.99% for both after that time.
  • The credit limit could be as low as just £100.

How to manage your payments on the Tesco Bank Purchase credit card

Cardholders can manage their account through the Tesco Bank mobile banking app.

How to apply for the Tesco Bank Purchase credit card

As there isn't an eligibility checker, check out the qualifying criteria on the product page before starting your online application.

Alternatives to the Tesco Bank Purchase credit card