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

MSE_Molly_G

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

here's what you need to know

there's NO change for new or existing customers right now

Nice and easy

MACKEM99

Sounds just like a politicians statement.😃

boingy

Yeah, they'll just transfer everything across without changes then screw it all up at a later date. ;p

Volcane

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.

Nasqueron

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

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

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

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%.

subjecttocontract

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

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?