Tesco Bank Premium Credit Card
Which? customer score 69%
|Representative APR (variable)||Purchase interest p.a.||Cash withdrawal APR||Annual card fee|
The interest rate for borrowing that at least 51% of the customers accepted will pay.
The annual interest rate you'll pay on new purchases.
The interest rate you'll pay on cash you withdraw from an ATM.
The fee you'll pay for having the card each year, if any.
- This credit card has a high representative APR of 20% or more so borrowing with this card is expensive compared to others.
- This credit card has a high annual fee of more than £25, making it more expensive to use overall than others with the same APR.
Reward scheme details
Enjoy Tesco Banks's best Credit Card Clubcard points collection rate, and if you spend £5000 on your card in Tesco in any year you’ll collect 5000 additional Tesco Clubcard points. Terms apply. Make the most of your Clubcard points across a wide range of Tesco Clubcard Partners – from meals out with the kids to using towards that dream holiday. If you’re aged under 70, you’ll get annual worldwide travel insurance for you and your immediate family members (under 70) provided by Ageas Insurance Ltd. Apply online and get a decision within 60 seconds. You can still apply even if you have a Tesco Bank Credit Card already. Apply by 11th July 2018, and if you are accepted, you could collect an extra 5,000 Tesco Clubcard points when you spend on your new Premium Credit Card in Tesco within the first two months of account opening. Terms apply.
- Representative Example
- Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 19.9% (variable), with a £150 annual fee, representative 56.5% APR (variable). Credit available subject to status.
Tesco Bank customer satisfaction scorecard:How do we work this out?
|Keeping you up to date with new deals||Transparency of charges / penalties||Online account management||Customer service||Overall customer score|
|Can be used for building credit rating||No|
|Minimum income required to open account||£25,000|
|Opening account is by invitation only||No|
|Account is for existing customers only||No|
|Further notes about eligibility||You must live in the UK. You must have a good credit history. You cannot apply if you applied for a Tesco Bank Credit Card in the last month or currently have an application in progress. You don’t currently hold more than one Tesco Bank Credit Card or have a Tesco Premium Credit Card. You have not applied for a Tesco Bank Credit Card in the last month.|
|Minimum age to open an account||18|
|Rate period||0 months|
|Limit period days||N/A|
|Rate period||0 months|
|Maximum interest free days (purchases)||56|
|Days to pay||20|
|Monthly payment min %||1.0%|
|Monthly payment min £||£25|
|Returned payment fee||£12|
|If you exceed credit limit||£12|
|Foreign usage fee (Europe)||2.75%|
|Foreign usage fee (worldwide)||2.75%|
|Charges for cash withdrawals||Yes|
|Cash withdrawal percent||3.0%|
|Reward is charity donation||No|
|Reward is cash back||No|
|Reward is Airmiles||No|
|Reward is points||Yes|
|Reward is vouchers||Yes|
|Reward is travel||No|
|Reward is Avios||No|
|Reward is discount||No|
If you do not pay the total outstanding balance in full by the payment due date, the amount you pay will be allocated to higher interest rate balances before lower interest rate balances. Where fees and charges are payable, your payment will be allocated to the interest rate applicable to these fees and charges relating to any higher interest rates first.