0% Balance Transfer for 21 months credit card with no balance transfer fee + possible Quidco - £30 @ Tesco Bank

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0% Balance Transfer for 21 months credit card with no balance transfer fee + possible £30 Quidco @ Tesco Bank

£30 Tesco Bank4 Nov 15

Source: HotUKDeals | Deals > Home

Opening post

Chanchi32

3 Nov 15

Tesco Bank have extended the length of their balance transfer credit card to 21 months which has no fee. Good if you have outstanding balances on other cards that you want to move over

Quidco has a possible £30 and see comment 1 for potential offer stack

p.s. The AA credit card has just launched a 0% balance transfer card for 22 months with no fee

Top comments

Chanchi32

3 Nov 15 8 #1

Offer Stack

You could stack this with the refer a friend 1,000 points bonus for the you and your friend if they already have a Tesco MasterCard (no referrals on the thread - ta).

https://www.tescobank.com/assets/sections/credit-cards/pdf/tesco-credit-cards-recommend-friend.pdf

Cashback

Quidco £30 possible cashback

twitwoo

3 Nov 15 8 #4

My mate was worried he wouldn't be able to get any credit this year...

...ta Chanci :smiley:

maccy1 to twitwoo

3 Nov 15 4 #5

:laughing:

Heat added chichi :smile:

tek-monkey

3 Nov 15 3 #21

Think its just balance transfers? For purchases you want this card:

http://www.quidco.com/tesco-bank-credit-card-for-purchases/?st=tesco&tr=327&fn=search-typeahead&fr=related&si=5638889082cf1&sv=4

Latest comments (79)

JohnnyUtah

18 Nov 15 #79

Took the plunge and accepted with a balance transfer limit I'm totally happy with.

Thanks Chanchi32

Commander1

5 Nov 15 #74

Thank you op! just transferred 3 cards and couldn't be happier! and should have it paid off within a year. Now to cancel a few old cards!

Commander1 to Commander1

15 Nov 15 #78

This is such an excellent deal. How do they make any money from this? All accepted and card arrived in the post and account set up online. Been very easy from applying to setting up

dodoegg1

9 Nov 15 #77

Ive been accepted. I always use Amex platinum cashback card for purchases as I get a low amount about 1.25% cashback or something. Which is the better rate of cashback? would it be the clubcard points earned per pound or the amex cashback?

mr-mixalot

8 Nov 15 #76

Applied & accepted with no problems

slipd

5 Nov 15 #75

Okay, now it's completely vanished from my account again?! Has it disappeared pending payment? :confused:

slipd

5 Nov 15 1 #73

"I'll arrange for this to be confirmed in your account within the next 72 hours, then you'll be able to request this payment shortly afterwards"

Thanks mate :sunglasses:

slipd

5 Nov 15 #72

LiveChatting now...

smiler03

4 Nov 15 #71

Similar here: tracked, declined, tracked, declined, tracked, declined for more than five months.

I applied online but was not automatically accepted. I heard nothing from Tesco at all until a credit card arrived in the post about two weeks later. My credit limit was £2300, £300 more than the transfer I was asking for, Perhaps the delay was why I won't receive the Quidco cash back.

dodoegg1

4 Nov 15 #70

How easy is it to pay off online? Is their website user friendly? I don't want another post office credit card ordeal.

jazlabs

4 Nov 15 #69

"As long as you budget properly". That's the problem right there :smiley: . I totally agree though, if you're paying interest on a CC you're on a slippery slope, get out of it asap.

herby247

4 Nov 15 #68

True to a degree, but there are lots of cards with higher transfer fees and shorter 0% deals for people who have had a poor credit history or are just starting out......
http://www.aquacard.co.uk/
http://www.capitalone.co.uk/creditcards/balance-lpo.jsf
http://www.barclaycard.co.uk/personal/credit-cards/platinum-mid-bt#tabbox0

As long as you budget properly and pay on time and clear in 0% offer time frame there should never be a need to pay any interest regardless of APR of the card.

herby247

3 Nov 15 2 #63

Amazes me people happily pay interest every month on a credit card, so many 0% deals out there even with a transfer fee beats paying interest!

jazlabs to herby247

4 Nov 15 #67

Very true, although many of these offers are unavailable if you don't have a good credit record and reasonable income. Tesco are (or at least used to be) quite difficult to get accepted with. If everyone could get decent credit cards those regulated loan sharks (Wonga) wouldn't exist.

quglarz

4 Nov 15 #66

Got one already and it's brilliant :-)

Pr3cious18

4 Nov 15 #65

Applied and transferred, thanks OP :smiley:

mk3

3 Nov 15 #64

This is probably not the best financial advise so only do this if you can cover the debt.
I transferred double my balance giving me 0% on transfer and 0% on purchases using the original card that was in credit.

riker71

3 Nov 15 #62

"Online applications unavailable due to planned maintenance"

Chanchi32

3 Nov 15 #61

sorry it was early this morning and just reread, that makes sense :smiley:

GrantD

3 Nov 15 #31

Is this for transfers only? Or can you make purchases on it

Chanchi32 to GrantD

3 Nov 15 1 #60

the 0% deal for 21 months is on balance transfers

If you want a purchase card The Post Office Matched card offers 0% interest on purchases for 27 months and £25 Quidco too

thanks

Chanchi32

3 Nov 15 #59

I took out the card earlier in the year and within a week for some reason the cashback was declined - got onto Quidco livechat and they credited me the cashback instantly. Then by chance another transaction tracked and actually got a 2nd payout of cashback.

I also managed to get 2000 clubcard bonus points , as at that time they were running a 1000 bonus points for signing up to the card and I also did the refer a friend bonus for another 1000 points.

merb0786

3 Nov 15 #42

Where can you apply for AA? Nothing on their site mentioning new offer. Link?

Chanchi32 to merb0786

3 Nov 15 #58

link http://www.theaa.com/credit-card/balance-transfer-credit-card.jsp

cjdean1983

3 Nov 15 1 #51

Increased minimum spend from £4 to £8 from 1st Nov to earn 1 lousy point on all non Tesco purchases. This has pushed me to Asda Money credit card. 1% cashback at Asda and 0.5% everywhere else PLUS contactless cards. Sorry but Tesco credit card is now a cold deal unless you only shop at Tesco

Chanchi32 to cjdean1983

3 Nov 15 #57

This card and deal is for borrowing and isn't about rewards e.g. if you have a balance and want to shift it for interest free without a fee for 21 months

If you want a decent rewards credit card go for Amex. Personally wouldn't have gone for the Asda card as pretty sure they will be reducing their rewards soon like all non Amex issuers due to the interchange regulations coming in at the end of this year.

Abbadon2001

3 Nov 15 1 #56

Usually you can only make transfers in first 60 days from opening, check small print

anza

3 Nov 15 #53

Sorry if it has been asked before, can you do multiple balance transfers?.. For example do balance transfer every month to this card

Gollywood to anza

3 Nov 15 #55

I believe so

Gollywood

3 Nov 15 1 #54

Quidco is a bonus. As long as the card does what it says it will, I'll take that

richohone

3 Nov 15 #52

Thanks OP - weirdly seeing this post made me check my Barclaycard balance transferred card, and I found out the interest free period is ending tomorrow. Couldn't have come at a better time, so I've just applied now. Ta!

stphnstevey

3 Nov 15 #50

nice

CHalligan

3 Nov 15 #47

Another stupid question:

I still need to pay the minimum payment on the card yeah? I can't just transfer the balance then let it sit there?

JohnnyUtah to CHalligan

3 Nov 15 #49

Yes

No

slipd

3 Nov 15 1 #48

Just a word of caution to those expecting any cashback from Quidco for these Tesco cards - I'm still waiting for mine from the last card offer on here... easily six month ago I reckon :disappointed:

It's been tracked, untracked, accepted, declined and then tracked again! You've been warned.

The cards been great mind.

Gollywood

3 Nov 15 #46

Signed up & accepted via Quidco. Cheers OP!

1 question re the Purchasing credit card that they have. Does the 21 month interest free period start from the day card gets accepted or from your 1st purchase? Thanks

HARRIA01

3 Nov 15 #45

....of your credit utilisation can impact your score and anything below is good. Ive left one card open with 2.5k limit with zero bal so overall my limit is around.
30%

CHalligan

3 Nov 15 #43

May be a silly question...
I've got over £3k on my Barclaycard.

This Tesco card only allows a transfer of up to £1600, so I've signed up and requested a transfer of £1600.

Could I now sign up to the AA card and transfer the rest on to that?

Or would that massively mess with my credit rating?

I'm a bit crap with these things.

HARRIA01 to CHalligan

3 Nov 15 #44

Its a confusing one that always gets me i guess too many applications close together can have a slight dent to your credit rating so best move would of been to **** the 3k bal trfr using another card that allows that. They say you anything above 30%

muffboy

3 Nov 15 #41

Is it fee free for the duration of the 21 months?

Yes it is.

foxy4

3 Nov 15 #17

Hi does anyone know if you have to be in employment to be accepted ? At the mo I'm a stay at home mum to little ones. Thanks

Savoury to foxy4

3 Nov 15 #40

You don't need to be employed but you do need to have a personal income of at least £5000 a year. They will likely ask you to prove where your income is coming from.

You can only transfer a balance from a card in your name.

You can, but not interest free so it's not recommended.

tek-monkey

3 Nov 15 1 #39

My history is OK, I got nearly 6k.

JohnnyUtah

3 Nov 15 #38

Have been holding back from applying for a new card but need to take the plunge soon as my current interest rate is too high. Would need a bit more than £2k but my history is pretty good so could work out ok for me.

peppermintt

3 Nov 15 #37

I agree that they make it confusing on purpose! Yeah, essentially you're moving money about to minimize repayments, which lets you have more cash about in your interest earning bank accounts.

In my example, I keep my Lloyds card because it earns me Avios, but you don't have to. Just find something which is right for you. For me the Lloyds duo Avios is great because I get to earn Avios and use it for overseas transactions at great rates :smiley:

Gr1zz1y89

3 Nov 15 #36

Firstly, thanks very much for your time in replying. I just stuggle to grasp credit cards, they seem so confusing (deliberately, I presume). I think I understand ha, so you are essentially shifting debt from one pool to another, whilst minimalising any repayments? Would you keep the Lloyds credit card account open or would you simply transfer credit/debt to Tesco and close the Lloyds account?

nickann1

3 Nov 15 1 #35

Yes, very happy with the limit. Got 2k and my credit rating isn't spotless, so was very surprised to get accepted for the offer. I didn't request any limit, they offered it me

nickann1

3 Nov 15 1 #33

Just signed up and got accepted. Gets rid of 2 high interest cards. Brilliant. Thanks op

JohnnyUtah to nickann1

3 Nov 15 #34

Did you request a particular credit limit / was you happy with the limit given?

Gr1zz1y89

3 Nov 15 #29

Can someone please explain to me why 21 months of zero percent balance transfer is a bonus? Does it relate to how long I would have to pay any credit card purchases back? Thanks in advance :smiley:

peppermintt to Gr1zz1y89

3 Nov 15 1 #32

Say I have a £1000 balance on my Lloyds credit card that I have to pay off by the end of the month. This deal lets me transfer this £1000 to the Tesco card and only have to make the minimum payment on it for 21 months. Hence the £1000 that I was actually going to use to pay off my Lloyds credit card can now be earning me interest at 5% in my TSB account (about £50 annually). At the end of 21 months, I pay off whatever is left on the Tesco card or transfer that balance elsewhere.

Also you probably shouldn't be using the card to make purchases as these won't be interest free. Find an interest free purchases card or one that earns you points or Avios for purchases instead.

Hope that helps :smiley:

morall1

3 Nov 15 #30

can i transfer funds into my current account instead of another card ?

janz70

3 Nov 15 1 #28

heat added for the AA heads up, decided to go with that so I could consolidate all in one

PS AA has £25 cashback with TCB as well

mspychala

3 Nov 15 #27

Nooo... Took the card a month ago with a fee :disappointed:

Gollywood

3 Nov 15 #24

Interesting.

I'm also looking out for a credit card that I could use abroad that has no fees attached to using it. Any ideas? Thanks

ck2511 to Gollywood

3 Nov 15 1 #26

Halifax Clarity Credit Card. Use abroad for ATM withdrawals and purchases.

janz70

3 Nov 15 #25

Hi, I have a tesco card, could my wife open a new tesco card in her name and make a balance transfer to my card.

tek-monkey

3 Nov 15 #23

No probs :smiley:

There is also a 37 month balance transfer one, has a fee attached though :disappointed:

tek-monkey

3 Nov 15 3 #21

Think its just balance transfers? For purchases you want this card:

http://www.quidco.com/tesco-bank-credit-card-for-purchases/?st=tesco&tr=327&fn=search-typeahead&fr=related&si=5638889082cf1&sv=4

wenttoabetterplace to tek-monkey

3 Nov 15 #22

£30 Quidco and 21 months of interest free purchases.

Cushty

Thanks for the advice :smiley:

Corranga

3 Nov 15 1 #20

I'm not sure to be honest as I was only doing a balance transfer from another card following our first child and my wife taking a year maternity leave!

Corranga

3 Nov 15 1 #18

Great deal. I signed up back in Feb when it was only 12 months 0% with 0 fee.

wenttoabetterplace to Corranga

3 Nov 15 #19

Do you get 0% interest up to your credit limit for NEW purchases? Or just for the balance that you transfer?

wenttoabetterplace

3 Nov 15 #16

Can I buy my usual things for 21 months and then only pay back the minimum monthly fee with no interest charges?

(No intention of 'maxing' the card....but just doing a property renovation - so it would be useful to take some heat off my current account!)

Python5

3 Nov 15 #15

got this 2month ago. good offer

bally1969

3 Nov 15 1 #14

existing customers can apply for this but cannot move any balance on their current tesco credit card to this one

mr-mixalot

3 Nov 15 3 #13

Time to shift & free cash

Rude not to move

tek-monkey

3 Nov 15 #12

Was about to move all mine to the post office but at 0% this is a no brainer.

gwapenut

3 Nov 15 2 #11

That doesn't mean a new customer. It can mean an existing customer who holds one but not two or more cards.

sradmad

3 Nov 15 1 #10

nice one op, heat up :smiley:

Scoobyed

3 Nov 15 1 #9

still good card, but not as good as it used to be, as they're tightening the thumb screws on amount of tesco points dished out

Lord vader

3 Nov 15 #8

Got this about 6 months ago, quidco tracked but still waiting for payment.

Good card to have with the nil fees

superjack

3 Nov 15 #7

Does a balance transfer have to be from a card in my name, or can I transfer from a card in the wife's name (I'm not joint on that one)?

escortboy

3 Nov 15 1 #6

Did this earlier this year and got £25 cashback paid out by Quidco. I referred a friend and we both got 1,000 referral points.
Think I got about £7k limit so it's not like they give you £500 limit either!

twitwoo

3 Nov 15 8 #4

My mate was worried he wouldn't be able to get any credit this year...

...ta Chanci :smiley:

maccy1 to twitwoo

3 Nov 15 4 #5

:laughing:

Heat added chichi :smile:

vassy201187

3 Nov 15 3 #3

Heat added OP :smiley: