Tesco Bank credit card 36 months 0% balance transfers and money transfers
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Tesco Bank credit card 36 months 0% balance transfers and money transfers

11
Found 7th Jun
Hi all, if you’re looking for a balance transfer credit card, Tesco Bank is offering the longest 0% period in the market (as far as I can see).

Tesco’s balance transfer card offers:

  • 36 months at 0% interest on balance transfers
  • 2.69% balance transfer fee
  • 36 months at 0% interest on money transfers (i.e. from overdrafts, loans etc)
  • 3.94% money transfer fee

What to watch out for

  • Tesco may offer you a 0% interest period of 30 or 24 months instead depending on your individual circumstances.
  • The 0% interest rates apply to any transfers made within the first 90 days of opening your account.
  • You can transfer up to 95% of your available credit limit.
  • Your introductory rates will be withdrawn if we don’t receive your minimum payment on time and in full.
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11 Comments
Fee is a bit steep though
Halifax is much better. I believe it has the lowest fee 1.69 percent.
sainsbury does it also
Well Sainsbury is offering 0% fee albeit for 25 months... But in 25 months your credit score should have recovered to apply for a different fee free card or if you have to pay a fee the balance “should” have been reduced by then.

Because of the fee, this is cold for me... Especially as the Tesco card also posted today is 0.6% for 32 months Int free.
Edited by: "jchung07" 7th Jun
I think you're eligible for £20 quidco
Fee here is relatively high. MBNA good for money transfer at a fee close to half this. And not that many months less.
I am looking for a 0% APR card to spread out the cost of a kitchen refurbishment - can someone please suggest if this is the best card to purchase on and then pay over a few months with no interests to boot or are there better options?

Please spare me the don't fall into the credit debt trap comments as I know what I am doing - have plenty of cash parked in other investments which I don't want to break if I can rather have a 0% option, but still appreciate your concerns.

Thanks for any help.
le_jaeger7th Jun

Fee here is relatively high. MBNA good for money transfer at a fee close …Fee here is relatively high. MBNA good for money transfer at a fee close to half this. And not that many months less.


I was going to ask about this, actually. Stupid question, but...

When the credit card companies say "Up to 36 months on balance transfers." Is that 36 months interest free, 36 months that you can transfer balances for, or... Something completely different? I'd like to think the former, but I just don't know!


TIA!
Edited by: "FrostbiteXIII" 14th Jun
matwalaboy10th Jun

I am looking for a 0% APR card to spread out the cost of a kitchen …I am looking for a 0% APR card to spread out the cost of a kitchen refurbishment - can someone please suggest if this is the best card to purchase on and then pay over a few months with no interests to boot or are there better options?Please spare me the don't fall into the credit debt trap comments as I know what I am doing - have plenty of cash parked in other investments which I don't want to break if I can rather have a 0% option, but still appreciate your concerns.Thanks for any help.


My understanding is that this is 0% on transfers. You would want to get 0% on purchases (I did exactly this with a Sainsbury's credit card for my new kitchen a few months ago).

Edit: hotukdeals.com/dea…538
Edited by: "FrostbiteXIII" 14th Jun
FrostbiteXIII5 m ago

My understanding is that this is 0% on transfers. You would want to get 0% …My understanding is that this is 0% on transfers. You would want to get 0% on purchases (I did exactly this with a Sainsbury's credit card for my new kitchen a few months ago). :)Edit: https://www.hotukdeals.com/deals/sainsburys-bank-credit-card-0-on-purchases-for-28-months-nectar-points-2949538


Ah cool - heard some bad things about the Sainsbury's one in terms of time it takes to process, odd credit limits etc. so ending up applying for a Tesco 0% purchase card which got promptly approved (helped that I have another card with them too) and decent credit limit too, with the option to swap the limit of my previous card to this one - now just waiting and hoping that it comes quickly so I can use it to buy the stuff needed, the builders are after my life as they wait on the appliances
matwalaboy4 h, 0 m ago

Ah cool - heard some bad things about the Sainsbury's one in terms of time …Ah cool - heard some bad things about the Sainsbury's one in terms of time it takes to process, odd credit limits etc. so ending up applying for a Tesco 0% purchase card which got promptly approved (helped that I have another card with them too) and decent credit limit too, with the option to swap the limit of my previous card to this one - now just waiting and hoping that it comes quickly so I can use it to buy the stuff needed, the builders are after my life as they wait on the appliances



It did take the best part of a month to come through, right enough...
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