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August 20, 2014

Tesco Bank introduces new credit card with no balance transfer fee

Tesco Bank has launched a new credit card that allows customers to transfer balances without paying any balance transfer fees.

By Verdict Staff

Tesco Bank has launched a new credit card that allows customers to transfer balances without paying any balance transfer fees.

The card offers customers a 10 month 0% promotional period in which a cardholder is not obligated to pay anything whatsoever on purchases and balance transfers.

At the end of the 10 month period a representative APR of 18.9% will apply, the bank said.

Tesco Bank transactional banking director Will Curley said: "We want to offer customers a choice of highly competitive purchase and balance transfer offers. This new ‘no fee’ offer is for those customers looking to transfer an existing balance and we think it is a great offer for any customer who is actively looking to manage their debt."

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