If you ask anyone with a credit card, everyone will confess that their credit card is not just a financial tool but also a great way to earn rewards. This is why many people are drawn to banks like Tesco Bank as they often give the best and most competitive perks from their credit cards.
The Tesco Bank 12 Month All Round Credit Card used to be one of their most popular but has been replaced with the Tesco Bank Low APR Credit Card. It offers the same amount of perks but now with very low-interest rates. You’ll surely find it hard to get a card that offers a package like this.
To learn more about the benefits that this specific Tesco card offers, check out the article below and learn how to apply for this Tesco Bank Credit Card.
Benefits and Features of the Tesco Bank Low APR Credit Card
The Tesco Bank Low APR Credit card has some of the best features that you cannot find anywhere else.
The credit card is primarily designed as a credit card used for everyday purchases and you do not want to worry about high interest rates for purchases.
Here are some of the best features that you can take advantage of with this credit card.
Very Low Interest Rates and Fees
One of the best features of the Tesco Bank Low APR Credit Card is the very low interest rate that you get when using the card for your daily purchases.
You can have as low as 10.9% variable APR on purchases which can help you save a ton of money. There are no time limits to this feature nor are there any other requirements to unlock the low interest rate.
All you need to do is apply for the credit card and once approved, you get to enjoy this amazing rate. Upon approval and receiving the card, you also do not have to pay any annual fee, unlike many other credit cards.
Collect Reward Points
When you use the card on purchases, you also get reward points in return. You can 5 points for every £4 that you spend at Tesco and 4 points with just the Clubcard alone.
Cardholders can also expect to get as much as 4 points for every £4 spent on Tesco fuel and another point for every liter that they purchase afterward. Lastly, you get 1 point for every £8 spent on any other purchases outside of Tesco.
You can then use the reward points that you get and redeem them for vouchers.
Using Your Vouchers
Once you have collected enough reward points, you can then use 100 points to claim £1.00 in vouchers. You can use these vouchers at Tesco to save on groceries and fuel.
Simply present the voucher during checkout or when you pay for your transactions and it will automatically be deducted from your bill.
You can also use the vouchers on special days at partner establishments to either get discounts or get exclusive deals. Make sure that you continue to collect as many points and redeem them for vouchers later on.
Download the Mobile Banking App
Tesco also has a mobile banking app where you can link your credit cards to the app. The app will allow you to manage your account even if you don’t go to the bank.
You can check your remaining credit balance, your transaction history, and many other options. You can even see how many reward points you have earned from all of your previous transactions.
Redeeming your vouchers is now much easier with the mobile banking app.
Contact Details
For more information about the Tesco Bank Low APR Credit Card, you can contact them through their customer service hotline using the number 0345 300 4278*.
A bank representative will handle your call and provide all the necessary details regarding your inquiries.
You can also contact the same number for updates regarding your application and your credit card. You can visit their main office located at 2 South Gyle Crescent, Edinburgh EH12 9FQ.
Eligibility to Apply for the Tesco Bank Low APR Credit Card
If you’re interested in what you’ve been reading about the Tesco Bank Low APR Credit Card, you can always apply for the card.
You only need to follow the eligibility requirements for you to apply for the card online. First, you must be a resident of the United Kingdom and you must be 18 years old and above. Applicants must have a stable income of more than £5,000 a year.
It is also encouraged that you open a UK bank account first for you to apply for any of the Tesco Bank credit cards. The bank might require you to bring copies of documents that prove you have an income such as bank statements, pay slips, and many others.
Once you’re eligible, you can head to the official website and use the online eligibility checker to find more details about your application.
Applying for the Tesco Bank Low APR Credit Card Online
Applying online is the best option for those who do not have the time to gather the requirements and line up at the local bank. You can easily access and apply through the official Tesco Bank website and choose Low APR Credit Card.
Read the description to learn more about the card and once you’re ready, use the eligibility checker. This will help you learn about your interest rate and other features. Once done, proceed with the online application by filling out the online application form.
Review the form for spelling errors and don’t forget to review the terms and conditions before submitting. You should get approval within 10 minutes but if there is any delay, contact their customer service hotline.
Conclusion
This is just one of the many credit cards that Tesco Bank currently offers. You can check out more details of this very interesting credit card today at the official website and once you’re fully convinced, use the eligibility checker to find more details. You get to earn points, redeem vouchers, and get discounts with this amazing credit card.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.