MSE News: Balance transfer price war: New 18 months 0% and 36 months 0%

Pincher

http://www.tescobank.com/credit-cards/low-fee/index.html


Near the bottom of the page


Important Information


Click on Tab
"Key product information"



Some things to remember

• 0% interest rates apply from the day you opened your account
• You can transfer up to 95% of your credit limit
• Our credit facilities are available to over 18s and UK residents only, subject to status

Typically, you only have a window of two to three months to do the Balance Transfer, which I have not found mentioned.

Pincher

Dear Yxxxxx,

Welcome to your new Tesco Bank Clubcard Credit Card, it's good to have you with us. Not only will you receive 0% on balance transfers for 18 months (0% fee) and 0% on all purchases for 1 months, but you'll also be able to collect Clubcard points wherever you use your card.*



How is that different from the normal up to 54 days interest free period?

prowla

I think that already having a Tesco card may mean that I'm not allowed to apply for another.

prowla

Pincher wrote: »

Dear Yxxxxx,

Welcome to your new Tesco Bank Clubcard Credit Card, it's good to have you with us. Not only will you receive 0% on balance transfers for 18 months (0% fee) and 0% on all purchases for 1 months, but you'll also be able to collect Clubcard points wherever you use your card.*



How is that different from the normal up to 54 days interest free period?

I think they're making it clear that you don't get 18 months on purchases, rather than stating the obvious.

Pincher

prowla wrote: »

I think that already having a Tesco card may mean that I'm not allowed to apply for another.

Does seem unlikely.


You also need to have a balance to transfer in the first place.


Even if you are buying something for £2,000, you have to do it on card A, so you can transfer it onto card B, the one with the actual 0% BT offer.


The whole thing is a production process.

Pincher

Bum. Tesco declined the £25 Quidco cashback.


I do have a Tesco current account, for the 3% interest, and I cancelled the previous Tesco Credit Card in April 2014.


Well, it was too good to be true. No Fee BT Transfer AND £25 Quidco cashback.