Summary box
All the features of the Tesco Business Credit Card at a glance
In Summary
The information contained in this table summarises key product features and is not intended to replace any Terms and Conditions.
An annual rate of just 13.9%
| APR and other interest rates | Annual rate | Monthly rate (variable) | APR (variable) | |
|---|---|---|---|---|
| Purchases | 13.900% | 1.158% | 14.800% | |
| Cash Advances | 16.440% | 1.370% | n/a | |
| Balance Transfers | 13.900% | 1.158% | 14.800% | |
| Convenience cheques | 13.900 | 1.158% | 14.800% | |
| Interest Free Period |
Up to 56 days for Purchases if You pay Your balance in full and on time – no interest free period on Cash Advances, Cheques or Balance Transfers. |
|---|---|
| Allocation of Payments |
We will apply payment we receive to Your account in the following order:
|
| Minimum Repayment |
5% of the outstanding balance or £5, whichever is greater, however calculation of the Minimum Payment will be based on the total outstanding balance of the Account, which, where applicable, will include the full amount that the Business owes over the agreed Business Credit Limit. |
| Fees |
No annual fee. |
| Charges |
Cash Advances are subject to a handling fee of 2% (minimum charge £2); foreign exchange transactions subject to a conversion fee of 2.75% (including purchase of foreign currency and travellers' cheques). Each Cheque is subject to a handling fee of 2% (minimum charge £2.50) of the amount on the Cheque. |
| Default charges |
Handling fees for dishonoured payments and over limit fees are £20 each for each occurrence. Late payment fees are £20 for each occurrence and interest will be applied at the rate for Purchases. Unpaid fees for Cheques and fees for stopping Cheques are £25 each for each occurrence. |
