Tesco Foundation Card

onthefencepost

Hi all,

Need some advice from fellow forum members.

How often is the a foundation credit card account reviewed for a credit limit increase?

Also any tip for managing a good account - like my Aqua i pay my balance off in full and on time and i've already set up a direct debit.

Thanks

Dandytf

onthefencepost wrote: »

Hi all,

Need some advice from fellow forum members.

How often is the a foundation credit card account reviewed for a credit limit increase?

Also any tip for managing a good account - like my Aqua i pay my balance off in full and on time and i've already set up a direct debit.

Thanks

According to my initial card terms etc,,,customers maybe considered increase after 12 months.

I've only been using my card for a few months.

1st payment next day or two, minimum payment 25.00 via dd

Not bad for a + 150 balance.

I'll prob pay a few quid debit card payment as I want to ensure I don't have a +100 permanent balance, though I've an unexpected tyre to get this week via debit card hence I won't be paying Tesco card off fully this month-aim for next month I think.

I'll be interested to know if I get a we increase next year though it's certainly not a necessity.

onthefencepost

Hi,

Thanks for your reply - whats your initial credit limit if you dont mind me asking?

I was given the starting point of £250 - i was hoping nearer the 1K mark as my Aqua is well over this now.

Good to hear others experiences to on this.

Dandytf

250 27.5 apr.

This is my lowest apr considering my sig.

Like that it's contactless for groceries.

onthefencepost

Same limit as me - not sure on APR i'll await my card to find that out.

20aday

onthefencepost wrote: »

Same limit as me - not sure on APR i'll await my card to find that out.

Did you not get quoted with the APR when applying for the product?

It's worth pointing out if you fill up at Tesco for your fuel you'll get 1 point per litre rather than the 1 point per £2 spent when paying by your Tesco Bank credit card....

onthefencepost

Yes i did and its at work but I've been working at home for the last few days.

I think it was 27.5% - put it this way its considerably less than my Aqua.

Just received my pin today so card should follow suite in the next few days.