Tesco Bank credit cards, loans and savings to be bought by Barclays – here's what you need to know

Tesco Bank has announced plans to sell its credit cards, loans and savings operations to Barclays. But the Tesco Bank brand will remain – and there's NO change for new or existing customers right now.

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Tesco Bank credit cards, loans and savings to be bought by Barclays – here's what you need to know

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  • Nasqueron
    Nasqueron Posts: 8,348
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    here's what you need to know
    there's NO change for new or existing customers right now

    Nice and easy :smile:

  • MACKEM99
    MACKEM99 Posts: 854
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    Sounds just like a politicians statement.😃
  • boingy
    boingy Posts: 1,158
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    Yeah, they'll just transfer everything across without changes then screw it all up at a later date. ;p
  • Volcane
    Volcane Posts: 303
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    This might be interesting for me as I have a Tesco credit card that has my single highest limit of £15.4k (currently zero balance). I get frequent balance and money transfers through that I’ve often used.

    I also have 3 x Barclaycard totalling a credit a credit limit of £24.5k across them ( one used on a weekly basis for 2% cashback at supermarkets and petrol stations ) but the other two unused ( 1 x Hilton card that is only used when staying at Hilton’s, and a 0.5% cashback card that was originally, way back in the day, an EGG money card).

    In the long run I will be interested to see if Barclays convert it to a 4th Barclaycard or not.
    Best Regards,

    V
  • Nasqueron
    Nasqueron Posts: 8,348
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    Volcane said:
    This might be interesting for me as I have a Tesco credit card that has my single highest limit of £15.4k (currently zero balance). I get frequent balance and money transfers through that I’ve often used.

    I also have 3 x Barclaycard totalling a credit a credit limit of £24.5k across them ( one used on a weekly basis for 2% cashback at supermarkets and petrol stations ) but the other two unused ( 1 x Hilton card that is only used when staying at Hilton’s, and a 0.5% cashback card that was originally, way back in the day, an EGG money card).

    In the long run I will be interested to see if Barclays convert it to a 4th Barclaycard or not.
    Indeed, will be a bit of a pain if you can't BT between them if they start treating them that way, seems a bit hit and miss, I can BT Lloyds to Halifax for example
  • DJSINGH
    DJSINGH Posts: 142
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    Volcane said:
    This might be interesting for me as I have a Tesco credit card that has my single highest limit of £15.4k (currently zero balance). I get frequent balance and money transfers through that I’ve often used.

    I also have 3 x Barclaycard totalling a credit a credit limit of £24.5k across them ( one used on a weekly basis for 2% cashback at supermarkets and petrol stations ) but the other two unused ( 1 x Hilton card that is only used when staying at Hilton’s, and a 0.5% cashback card that was originally, way back in the day, an EGG money card).

    In the long run I will be interested to see if Barclays convert it to a 4th Barclaycard or not.
    Fee free money transfer? Which card is it?
  • Nasqueron
    Nasqueron Posts: 8,348
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    DJSINGH said:
    Volcane said:
    This might be interesting for me as I have a Tesco credit card that has my single highest limit of £15.4k (currently zero balance). I get frequent balance and money transfers through that I’ve often used.

    I also have 3 x Barclaycard totalling a credit a credit limit of £24.5k across them ( one used on a weekly basis for 2% cashback at supermarkets and petrol stations ) but the other two unused ( 1 x Hilton card that is only used when staying at Hilton’s, and a 0.5% cashback card that was originally, way back in the day, an EGG money card).

    In the long run I will be interested to see if Barclays convert it to a 4th Barclaycard or not.
    Fee free money transfer? Which card is it?
    I might be going doolally but I cannot see a mention of a fee free card mentioned
  • Volcane
    Volcane Posts: 303
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    My Tesco card is the Clubcard+ credit card that you pay £7.99 per month to be a member of Clubcard+ for ( i spend more than £80 a month I at tesco any way so I make the fee work for the 10% twice monthly discount. 

    I’ve only ever had one fee free transfer. Usually it’s between 2% and 3% but that’s lower than repeat offers on other cards that are usually 4% to 5%.
    Best Regards,

    V
  • subjecttocontract
    subjecttocontract Posts: 1,735
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    Interesting or not I couldn't care less about Barclays. I've learnt not to concern myself with anything that I have no control over. Any account that looks attractive or offers an enhanced interest rate will get my attention in due course irrespective of Barclays poor reputation for law breaking.
  • DJSINGH
    DJSINGH Posts: 142
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    Volcane said:
    My Tesco card is the Clubcard+ credit card that you pay £7.99 per month to be a member of Clubcard+ for ( i spend more than £80 a month I at tesco any way so I make the fee work for the 10% twice monthly discount. 

    I’ve only ever had one fee free transfer. Usually it’s between 2% and 3% but that’s lower than repeat offers on other cards that are usually 4% to 5%.
    I have the same but it shows 3.99% for MT. How do you receive the offers on that rate?
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