Summary box
All the features of the Tesco Bonus Credit Card at a glance
Interest payment back every year to your credit card
The summary box below shows you all the facts and figures about the Tesco Bonus Credit Card.
| APR | TYPICAL 15.9% APR VARIABLE | |||
|---|---|---|---|---|
| Other interest rates | Introductory offer | Monthly rate (variable) | Annual rate (variable) | |
| Simple | Effective | |||
| Purchases | 0% fixed for 3 months from account opening | 1.240% | 14.880% p.a. | 15.938% p.a. |
| Balance Transfers | 0% fixed for 13 months from account opening | 1.325% | 15.900% p.a. | 17.111% p.a. |
| Cash Advances | n/a | 1.873% | 22.476% p.a. | 24.942% p.a. |
| Money Transfers | n/a | 1.240% | 14.880% p.a. | 15.938% p.a. |
| Interest Free Period |
Maximum 56 days for purchases if you pay your balance in full and on time, and have paid the previous month's balance in full and on time. There is no interest free period on cash advances or money transfers. Interest free period on balance transfers only applies during the introductory period. |
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| Interest Charging Information |
The periods over which interest is charged are as follows:
¹If you pay the balance in full, any interest charge for the period from the previous statement to the date of full repayment will be debited the following month. |
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| Allocation of Payments |
We apply payments we receive to your account in the following order:
See section 2(D)(b) in your Credit Card Agreement for full details. |
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| Minimum Repayment |
3% of outstanding balance (excluding 'Tesco Buy Now - Pay Later' promotional offers) or £5, whichever is more. |
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| Minimum Credit Limit |
Credit limits are assigned at account opening stage. The minimum credit limit is £250. |
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| Fees |
None |
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| Charges |
Balance transfers subject to a handling fee of 2.9% within the first eleven months from account opening. Cash advances subject to a handling fee of 3% with a minimum of £3; foreign exchange transactions subject to conversion fee of 2.75% (including purchase of foreign currency and travellers cheques). |
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| Default charges |
£12 if a cheque (payable to us) or direct debit cannot be paid. If the account is over the credit limit at any time during a statement period; if we return a promotional cheque unpaid. |
