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Tesco Credit Card Application

By admin on January 1st, 2011

How do Tesco credit cards stack up to the competition? Obviously, Tesco is not nearly as well known in the finance industry as companies such as American Express, Visa, MasterCard, etc, as they are primarily recognized as a grocery company.

However, recently they have endeavored to get into the finance industry, hence the growing popularity of Tesco credit cards. Here is a review of these cards to help you decide whether or not they would offer what you need in a credit card.

The first thing you should know is that these cards offer an initial zero percent interest rate on transferring your money from your current credit card (if you have one) to your new Tesco card, but of course, many cards offer this nowadays.

Also, it has a zero percent interest rate for the first 6 months of use, but again, this certainly isn't unique in the industry. Many companies offer these great rates to tempt to lure you in the door, and obviously Tesco is no exception. However, they are still some important things to keep in mind.

The average interest rate is 17%, which is right around the industry average, and of course, the rate you pay will be entirely dependent on your credit history, so use this number as just a guideline.

If you are looking to get the card that will save you money at the same time (and you should) then consider getting the Tesco gas credit card, which will give you a cash rebate at the pump every time you make any purchase of any sort. However, you do need a high credit score to be able to attain this card, so keep this in mind.

So should you go with Tesco credit cards or not? That's the question of the hour. Personally, I would rather go with one of the larger companies, simply because they are accepted more places (particularly online) and offer pretty much the same terms, if not better.

Of course, the final call is up to you on whether Tesco credit cards will find their way into your wallet.

2 Responses to “Tesco Credit Card Application”

1. ACUK says:

   January 2, 2011 at 2:08 pm

   how do you know if you have been accepted for a Tesco Credit Card if posting them an application form?
   Do they email, text, write to you?
2. alvin c says:

   January 2, 2011 at 2:18 pm

   what paul said.. and what you already said, i mean if you gave them your email and phone number then im sure they will be in touch.