The Tesco Balance Transfer Credit Card offers a great opportunity to consolidate your debts. It offers an extended 0% interest period for 27 months on balance transfers.

This allows you to transfer existing balances from other credit and store cards to the Tesco card, helping you avoid high interest rates.

With a low % transfer fee of 2.95%, the card provides flexibility to pay off existing debt more efficiently.

Additionally, it offers Clubcard points, which can be earned on your purchases, adding a bonus for regular shoppers.

This card is designed to help those with existing credit card debt consolidate their balances into one manageable payment.

A 27-month interest-free period provides a significant timeframe to reduce your debt without worrying about

accruing interest. Let’s break down the key features that make this card an attractive option:

The Tesco Balance Transfer Credit Card also allows you to transfer up to 95% of your available credit limit and provides simple management tools through the Tesco mobile app, which makes handling your card and tracking payments hassle-free.

If you’re looking for a way to simplify your finances by moving existing debts to one manageable account, the Tesco Balance Transfer Credit Card offers a range of benefits to help you do just that.

The Tesco Balance Transfer Credit Card is a strong tool for consolidating existing credit card or store card debt.

With a 27-month interest-free period, you have plenty of time to focus on clearing debt without worrying about accumulating interest.

In addition to balance transfers, the card offers 0% interest on money transfers for the first 9 months, providing another option for managing your finances effectively.

Key features include:

If you’re looking for a card to help consolidate and pay off debt without paying interest, this card offers one of the longest 0% periods available, making it easier to focus on repayments.

As with any financial product, there are pros and cons to consider before applying for the Tesco Balance Transfer Credit Card. Here’s an overview of the key advantages and disadvantages:

The 27 months of 0% interest on balance transfers are among the longest periods offered by balance transfer cards.

This gives you over two years to focus on paying down your debt without the added pressure of interest accumulating.

The balance transfer fee is relatively low at 2.95%, allowing you to move debt from other cards without significant upfront costs.

This can be especially helpful if you’re transferring a large balance and want to minimise additional fees.

The Clubcard points system allows you to earn rewards while using the card for everyday purchases, both in Tesco and elsewhere.

This adds value for Tesco customers, enabling you to turn your everyday spending into rewards that can be redeemed at Tesco stores and partner retailers.

The ability to make a money transfer from your credit card to your bank account with 0% interest for 9 months (subject to a 3.99% fee) gives additional flexibility in managing cash flow.

This can be a helpful feature if you need to pay off other debts or manage unexpected expenses.

Once the 27-month interest-free period ends, the card’s relatively high APR of 24.9% (variable) kicks in.

If you have a remaining balance after the 0% period, this high interest rate could result in significant costs.

Paying off the entire balance within the interest-free period is important to avoid these charges.

Although the 2.95% balance transfer fee is low compared to other cards, it’s still an upfront cost to consider, especially if you’re transferring a large balance.

The same applies to the 3.99% fee on money transfers.

Unlike other cards, the Tesco Balance Transfer Credit Card does not offer a 0% interest offer on purchases made after the standard grace period.

This means that interest on new purchases will begin to accumulate immediately if you carry a balance from month to month.

Applying for the Tesco Balance Transfer Credit Card is quick and straightforward. Most applications take only minutes online.

Here’s a step-by-step guide to help you through the process:

Before applying, you can use Tesco’s eligibility checker, which won’t affect your credit score.

This tool helps you assess your chances of being approved for the card without risking a hard credit inquiry.

You’ll need the following details to complete your application:

Once you have the necessary information, you can apply directly on Tesco’s website. The application usually takes around 10 minutes to complete.

If your application is approved, Tesco will set your credit limit and provide the exact APR.

Your card will then be mailed to you. Once it’s activated, you can start transferring balances and making payments.

While the Tesco Balance Transfer Credit Card offers many advantages, considering alternatives is important if this card doesn’t meet your needs.

Below is a similar product:

This card offers up to 28 months of 0% interest on balance transfers, making it ideal for those seeking a slightly longer interest-free period.

However, its transfer fee may be higher than Tesco’s.

Ready to consolidate your debt with no interest? Apply for the Tesco Balance Transfer Credit Card and take advantage of 27 months at 0% interest today!

If you’re looking for cashback or longer terms, consider the Barclaycard Platinum Credit Card for additional options.