Credit cards Date:
Tesco Bank has increased the interest-free term for both balance and money transfers on one of its credit cards to make it a joint market-leader in its sector, earning it the top accolade as a result.
Clubcard Credit Card for Balance Transfers MasterCard now has a highly competitive 40-month interest-free period for both balance and money transfers, which come with respective introductory fees of 2.69% and 3.94% (min £3.00). This card also boasts a three-month 0% interest term for purchases.
Once the introductory offers come to an end, balance transfers and money transfers will be charged at 20.62% per annum, while standard purchases will attract a charge of 18.9% APR.
As an added bonus, borrowers will earn five Clubcard points for every £4 spent in Tesco stores or on Tesco fuel and one point for every £8 spent elsewhere.
Borrowers must be at least 18 years old with a minimum annual income of £5,000 in order to apply. Applications can be made online, by post and by phone. Borrowers should remember that rates are representative and dependent on their credit rating.
By extending the interest-free term for balance and money transfers, Tesco Bank has secured this card's place on the charts. Now offering a joint market-leading 40 months of interest-free transfers, borrowers who are looking for a lengthy term in which to clear outstanding debts will certainly take an interest in this highly eye-catching deal, which also has added benefits for Clubcard holders. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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