Tesco credit card interest rate increase

rubble2

I have a tesco credit card which until recently had a 0% interest deal. This has expired and I have transferred most of the balance to another 0% card but it has still left a debt on the tesco card which is now attracting interest until I can find somewhere to shift it to.

I got a letter today from tesco bank informing me that they are increasing the interest rate on my card from July this year, this of course has made me more determined than ever to remove the balance from tesco, it has also hacked me off a bit to be honest and I am considering closing the tesco account altogether.

My question is this - given that tesco have 'Reviewed' my account and increased the interest rate does that make it very unlikely that they will come back to me with another 0% offer in the future? If that is the case then I will close the account, but not wishing to cut off my nose, if there is a possibility of a 0% deal again, I will transfer the balance out but keep the card account open for possible future use. Thanks

chanz4

They do offers now and again, but rate rise isn't something normal

rubble2

I have just applied and been accepted for a 0% balance transfer card from another provider.

I will transfer the balance over and close the account - they can stuff their rate increase

PeacefulWaters

Worth keeping the card and using as a Clubcard if you fill up with petrol at Tesco.

Double points that way.