Tesco Credit Card is a credit card issued by Tesco Bank. It offers a range of benefits, including cashback on purchases, travel insurance, and extended warranty protection.
In this article, we’ll take a closer look at Tesco Credit Card, including its features, benefits, and eligibility requirements. We’ll also provide some tips for using Tesco Credit Card wisely.
Features
Tesco Credit Card offers a range of features, including:
- Cashback on purchases: You can earn cashback on all of your purchases made with a Tesco Credit Card. The amount of cashback you earn will depend on the type of purchase you make. For example, you’ll earn 1% cashback on all purchases at Tesco stores, and 0.5% cashback on all other purchases.
- Travel insurance: Tesco Credit Card comes with travel insurance that covers you for accidents, illness, and cancellations. The insurance is valid for up to 90 days per trip, and it covers you for up to £5 million in medical expenses.
- Extended warranty protection: Tesco Credit Card comes with extended warranty protection that covers you for up to an additional year on any purchases made with the card. This means that if your product breaks or malfunctions within a year of purchase, you can get it repaired or replaced for free.
Benefits
Tesco Credit Card offers a range of benefits, including:
- Cashback: As mentioned above, you can earn cashback on all of your purchases made with Tesco Credit Card. This can help you save money on your everyday spending.
- Travel insurance: The travel insurance that comes with Tesco Credit Card can provide peace of mind when you’re traveling. It can cover you for accidents, illness, and cancellations, so you can focus on enjoying your trip.
- Extended warranty protection: The extended warranty protection that comes with Tesco Credit Card can save you money on repairs or replacements for products that break or malfunction within a year of purchase.
Eligibility requirements
To be eligible for Tesco Credit Card, you must:
- Be a UK resident
- Be at least 18 years old
- Have a good credit history
Tips for using Tesco Credit Card wisely
Here are a few tips for using Tesco Credit Card wisely:
- Only use it for purchases that you can afford to pay back in full each month.
- Pay your bill on time and in full each month to avoid interest charges.
- Take advantage of the cashback and other benefits that the card offers.
If you follow these tips, you can use Tesco Credit Card to help you save money and improve your credit score.
Overall, Tesco Credit Card is a good option for those looking for a credit card with a range of benefits. The cashback, travel insurance, and extended warranty protection can all save you money and provide peace of mind. However, it’s important to use the card responsibly and only borrow what you can afford to repay.
Tesco Credit Card FAQ
What is Tesco Credit Card?
Tesco Credit Card is a credit card issued by Tesco Bank. It offers a range of benefits, including cashback on purchases, travel insurance, and extended warranty protection.
How do I apply for Tesco Credit Card?
You can apply for Tesco Credit Card online or in a Tesco store. To apply online, you will need to provide your name, address, date of birth, and income information. To apply in a Tesco store, you will need to speak to a member of staff.
What are the eligibility requirements for Tesco Credit Card?
To be eligible for Tesco Credit Card, you must:
- Be a UK resident
- Be at least 18 years old
- Have a good credit history
What are the interest rates for Tesco Credit Card?
The interest rates for Tesco Credit Card vary depending on your credit score. For example, if you have a good credit score, you may be offered an interest rate of 0% for 12 months. If you have a poor credit score, you may be offered an interest rate of 20% APR.
What are the fees for Tesco Credit Card?
There are a few fees associated with Tesco Credit Card, including:
- Annual fee: £25
- Late payment fee: £12
- Overpayment fee: £3
What are the benefits of Tesco Credit Card?
The benefits of Tesco Credit Card include:
- Cashback: You can earn cashback on all of your purchases made with Tesco Credit Card. The amount of cashback you earn will depend on the type of purchase you make. For example, you’ll earn 1% cashback on all purchases at Tesco stores, and 0.5% cashback on all other purchases.
- Travel insurance: Tesco Credit Card comes with travel insurance that covers you for accidents, illness, and cancellations. The insurance is valid for up to 90 days per trip, and it covers you for up to £5 million in medical expenses.
- Extended warranty protection: Tesco Credit Card comes with extended warranty protection that covers you for up to an additional year on any purchases made with the card. This means that if your product breaks or malfunctions within a year of purchase, you can get it repaired or replaced for free.
How do I use Tesco Credit Card?
To use Tesco Credit Card, simply swipe it or insert it into a chip and pin reader when you make a purchase. You can also use Tesco Credit Card to make online purchases.
How do I pay my Tesco Credit Card bill?
You can pay your Tesco Credit Card bill online, by phone, or by mail. To pay your bill online, you will need to log in to your Tesco Bank account. To pay your bill by phone, you can call Tesco Bank on 0800 055 5555. To pay your bill by mail, you can send a check or money order to:
Tesco Bank PO Box 1000 Newark Nottingham NG15 9NA
How do I cancel my Tesco Credit Card?
To cancel your Tesco Credit Card, you can call Tesco Bank on 0800 055 5555. You can also cancel your card online by logging in to your Tesco Bank account.
What happens if I miss a payment on my Tesco Credit Card?
If you miss a payment on your Tesco Credit Card, you will be charged a late payment fee. You may also be charged an additional interest rate on your outstanding balance.
What happens if I go over my credit limit on my Tesco Credit Card?
If you go over your credit limit on your Tesco Credit Card, you will be charged an overlimit fee. You may also be charged an additional interest rate on your outstanding balance.
What should I do if my Tesco Credit Card is lost or stolen?
If your Tesco Credit Card is lost or stolen, you should call Tesco Bank on 0800 055 5555 immediately. You should also cancel your card online by logging in to your Tesco Bank account.
I hope this information is helpful. Please let me know if you have any other questions.
