Balance transfers
You could save money when you transfer from other, more expensive credit or store cards to your Tesco Clubcard Credit Card. You'll pay no interest on that balance for the first 6 months from account opening. After that, a typical rate of 14.9% APR (variable) applies.
For example, when transferring your balance to a Tesco Clubcard Credit Card from one of these:
| Card name | APR % purchases | Tesco Clubcard Credit Card savings |
|---|---|---|
| AIB "be" Visa/Mastercard | 15.15%/18.15% | €215/€294 |
| Ulster Bank Standard | 17.9% | €287 |
| Bank of Ireland Standard Advantage | 18.4% | €300 |
| MBNA Standard Credit Card | 16.9% | €262 |
These are the savings that can be expected by transferring a balance of €3,000 to a Tesco Clubcard Credit Card and maintaining the balance for one year. Savings take account of annual fees (where applied) and interest rates on the average daily balance for one full calendar year from the date of account opening inclusive of the introductory rate of 0% interest for the first six months and thereafter 14.9% APR. The calculation of savings assume that all other cards' standard rates apply and exclude short term or spend-related special offers that may apply. All comparative data correct as at 28/5/09.
Transferring is quick and easy; just complete the Balance Transfer section on your application form (subject to approval). We'll then make your Balance Transfers in the order you list them, up to the credit limit we've set you. Before you receive your card, we'll write to confirm the balances to be transferred, which will appear on your first statement. Please remember that until you receive confirmation from us, you may need to make a payment to your other card accounts to keep them current.
