What crime did you commit?

​depends of they use it wisely, I bought my car with a 0% card, once it run out I then transfered it to a 0% balance transfer card much cheaper than paying finance

​The only people likely to get hammered/caught are the types of people who don't know the difference between balance transfer and purchase cards.

For crying out loud.

What crime did you commit?

Wow, looks like a lot of people have got their pitchforks out...for a credit card.

Heat added, OP-this is the best 0% purchases card I've seen - I just applied for the Post Office card, which was the best, but it's only a month less.

​balance transfer card is different to 0% interest free spending card

this deal is for 28 months 0% interest free spending, which is true that this card is the longest ever for interest free spending

heat from me

as others have said, you are talking balance transfers this is purchase, pity you can't add back some heat, but you might want to delete your posts to avoid confusion. I have also made it clear in the OP :smiley:

I deleted it it - I admit I did not twig the difference between balance transfer & purchase

Can't believe they are encouraging people to run up debts interest free for 28 months! So many people are going to get hammered/ caught out when the 28 months is up.

Good find, I use a credit card like this for big purchases and pay back monthly or when my annual bonus comes. It is an interest free loan so much better than paying 3 or 4% for an official loan. I do remember Tesco had a really poor and limited online account system, but this was a few years ago.

28 months is the longest ever deal? Hmm I really doubt that, maybe for Tesco it is.

Not if they're sensible, the type that would go silly and get caught would do so whatever the period. I've just taken out the 27 month Sainsburys one to use for some unexpected dental work I need but it'll be cleared long before the end of the offer period. They have their uses if you're careful.

Great deal :smiley:

I know it's not a balance transfer card, but, can you transfer a balance on it for the 28months?

Hope some one can help on this,
I currently have a tesco CC but my rewards have ended (0% on purchases 28 months etc etc) im just about to balance transfer to another card with similar rewards and then cancel my tesco CC
My question is....if i return to a tesco CC (or any other that i had a CC with) would i be eligible for the same rewards as opening a new account? Im guessing they wouldn't as I've had one in the past or is it a time frame thing like wait a year and apply again?
Thanks if any one can help me on that :smile:

Many congratulations on "you're", well done! That's right folks......it's NOT "your!"

Barclays yes. Capital One can be as low as 30 days apparently !

BTW anyone that's had one of these previously and is hoping for a decent chunk of Club Card points as a bonus, think again. They've really gone Scrooge McDuck :/ (as have other providers since the rules on charges to merchants changed). I kept mine after a previous 0% offer, purely for Tesco shops. But contemplating getting rid now.

so how does the purchases work? is it 0% for 28 months from the time of purchase? Or first 28 months having the card?

​What isn't?

What kind of allowances are people getting?

Amazing thanks, i did have the CC cleared but just put the new Iphones on it but got a new one to balance transfer.
Its just handy to know as sainsburys dont have a CC app and tescos one is great + good to know i can come back.
Thanks for the help

£6400 thanks op

Me and my partner were considering getting a CC just to up our credit score. Is it worthwhile? Does it make much difference?

thanks

Thanks OP - got the full 28 month with 10,000 limit.
Have some heat.

We'd definitely set up a direct debit. We currently always pay via debit cards, we're thinking paying with a credit card and merely having a direct debit is practically the same yet will just up our credit score. We'll probably set a reminder for 2 years to stop using the card instead of the 28 months, unless Tesco offer some sort of reminder service.

That's like saying selling kitchen knives is encouraging people to stab their spouse...

They're not encouraging people to run up debts, they're enabling people to sensibly manage their finances. I spent over five grand on various big ticket purchases for a new home, on an 18-month 0% card 4 years ago and spent three years paying it off, via a 0% balance transfer card. Makes far more sense to me than saving hard to buy things one at a time (or God forbid, using store finance), especially when cashflow is tight due to moving fees etc.

Sounds like a good sensible plan. Stick to it & it'll do nothing but improve your credit rating. If you haven't already I'd register at Clearscore & Noddle so you can see any improvement.

Good deal.
Other alternative, post office matched CC. 27 months on purchases and 16 months balance transfer.
Plus £25 quidco. so you could actually make up for one less month.

http://www.postoffice.co.uk/credit-card/matched

Could this be used to purchase Euros before going on holiday?

Is there any handling fees with this card? 2/3%?

Handling fees for what?

So you're suggesting get the misses to apply for the card, buy the knives interest-free, buy life insurance interest-free, spend 27 months plotting and then the balance can be paid off with the life insurance?!

It's a good deal, but I'm not surprised that they are having to offer deals like this. Tesco credit cards used to give you 1 Clubcard point for every £2 spent outside of Tesco stores, but recently they have dropped that to 1 point for every £8 spent. I suspect that quite a lot of people who were using Clubcard credit cards for all shopping have switched a lot of spending to other cards. (You can get 1 point for every £4 spent on the "premium" card, but there's an annual fee of £150 for that!)

Can someone dumb this down for me (never having had a credit card before)?
If I were to purchase a £200 product within the first month of getting this card, how long would I have to pay it off? Am I bound to a minimum monthly payment or how does it work?

Sorry, currently reading through the terms but bit of a minefield

If you got the full 28 months you would have ~27 months to pay it off without getting charged anything extra. I think the minimum payment for Tesco is £25 or the balance if lower.

So £200 will be 8 months of minimum payment.

This isn't a deal - you're not purchasing anything - this should be in the miscellaneous section.

I am already using a tesco bank credit card, is it possible to move to this one? Would I have to pay off the balance first?

Thanks :smiley:

Literally just put an application for Sainsburys 27 Months... gutted, lost a month :disappointed:

Cheers, that makes sense. Got accepted for 25 months and £3600~ limit if I recall correctly.

I got 25 months and £4300 limit. Heat from me!

6200, thanks.

Barclaycard did a 36 month one did they not?

I signed up for the Tesco 2 year 0% on transfers & 0% transfer fee last month. I like the fact they let you set the DD to any amount you like - not just the minimum amount like Mbna do (it was £25pm min repayment for me but I set DD to £100pm so I can clear the full balance in 2 years). It's a fantastic card if you are actually going to clear your debt, but watch out for the small print if you're not as they whack on the interest of what's outstanding at the end of your 0% period.

Thanks for posting.

Can anyone confirm if upon completing a successful application you received anything via email? Thanks.

Its up to individuals to use credit sensibly. I always use an interest free purchases card to buy the new iPhone each year. Means I can pay it off flexibly without being tied to a phone networks ridiculous 24 month system. I make use of interest free on purchases credit cards all the time and have never paid a penny interest or purchased more than I can pay of easily in the foreseeable future.

Debt catch !!

I did not get any emails. I was actually wondering the same thing.

Thanks for confirming. It made me doubt I'd entered my email incorrectly - but I also remembered the second email field wouldn't let you paste into it (as you'd expect from a well designed site) - not that I tried that of course :smirk: - so chances of getting it wrong should have been minimal.

I'm thinking of buying a used car if I get 10k use the full 28 months at 0% for the purchase pay off whatever I can in that time then just transfer the remaining balance to a balance transfer card at 0% so I basically get an interest free loan for my used car purchase :smiley:

The car retailer will probably want to charge you a handling fee for that. Pay as much as you can as deposit - there is usually no handling fee for that - and if they insist on a CC handling fee for the balance, negotiate an "at cost" amount ... BEFORE you commit / put down the deposit.

There's nothing ridiculous about buying the new iPhone every year, honest :wink:

worth a try :sunglasses:

Most car dealers won't allow you to put more than a 2-3 grand down on a credit card, as they don't want to be stung by the UK Consumer Credit Act (Section 75) which (in theory) would allow you to get your money back if the car was faulty in any way (e.g. a squeaking windscreen wiper etc).

In which case they've missed the point, as a £1* deposit would hold them liable for the full amount if over £100.

I managed to pay £13k for a 1% handling fee 6 years ago (got the 1% back in reward points plus 9 months' interest as a bonus).

* though I always pay at least £100 to be sure.

​The cashback is for the balance transfer card they do not the matched one

Congratulations.. may I know how long it took to get the decision. I applied it an hour ago but did not receive any mail so far. Let me know. Thanks

This is a deal allowing you to purchase whatever you want interest free within the credit limit defined on the card and within a 28 month time frame. This is most definitely a deal.

Decision was instant (may be 10 seconds). They showed the limit offered along with their rate of 20% (I think this is high as Halifax gave me 15%) but I am planning to pay it off before I start to incurring interest.

Thanks for reply. Unfortuantely in my case neither it was declined nor accepted. Not sure what is going to happen. Let me wait and see :smiley:

just a heads up, tesco bank dont offer cards with out contactless, so if u dont want it,then i suggest u dont take an account with them.

I wish Tesco would accept me already :disappointed:, They keep refusing me for there credit and bank accounts. I want to earn free clubcard points is all.

I've a £5k limit Halifax Clarity card than I spend £1000-2000 on monthly and clear off every 2-4 weeks, but for some reason Tesco really hate me.

To see if i am eligible, shall i use the MSE comparison tool?

Not if you're going to Bali

Decent deal, but I agree £25 cashback on PO card may be more attractive than one more month depending on use.

Same day the idiots at barclay and their partners refused credit for £1200 purchase i applied for one of tesco cards and got £7k card on similar deal...cant appreciate it enough. Since then closed my wifes barclay and have been banking with them :smiley: i thnk they now provide soft checks for eligibility before full application. They didnt even ask for any document from me...

Great advice, pretty much what I was going to say.

Thank you, £5,600 credit 28 month.

We used to have a Tesco credit card. It had an £8k limit. Went to spec savers and tried to buy a pair of £70 glasses and they wouldn't allow the purchase saying they were responsible lenders.i wouldn't go through that embarrassment of having a £50 a day limit on a credit card again. Awful customer service. They even queried why my husband and I had different first names. Erm. That's normal here.

​I usually buy cars on 0% credit cards never yet had a problem although as mentioned above I've always been charged a fee when using credit cards usually around 2% but the overall savings of interest free outweigh the one off fee

I never used a credit card in my life, got a mortgage 5 times my salary and the interest rate was purely based on LTV and was very cheap.

Dont believe using a credit card for the sake of getting a good mortgage actually works. Only to get a higher credit limit i think.

hi,
Do I need to have Tesco account to have this Credit Card?
I actually do have Tesco account but intend to switch it soon...
Thank for explanation :smiley:

I wasn't suggesting for a moment that having a credit card is the sole basis for credit assessment when it comes to a mortgage application but it would certainly help, especially if you're weak in other areas and if lenders are being particularly strict because of the economic situation.

I had a friend who had never applied for a credit card or loan in the past as his Parents always gave him what he wanted or loaned him cash and he did struggle to obtain a mortgage with his lack of credit history cited as the reason. This was shortly after the credit crunch when lenders tightened their belts.

I was simply saying that holding a 0% card such as this will be nothing but beneficial so long as you are sensible and strict in paying at least the minimum monthly payment and clearing the balance before the offer period ends.

MSE agrees: http://www.moneysavingexpert.com/loans/credit-rating-credit-score#rebuild

No you don't.

Or sit on it. I've found that empty cards often attract the same or better offers than the provider are offering new customers.Makes a change from most services! If they don't come to you, give them a nudge.

Cheers. 28 months 12,000 limit. Nice

​you got it. Split 70/30 to keep my mouth closed?

Thanks just got one.

I used to have the exact same problem with Tesco a couple of years back. My credit history was always excellent and I had cards with major providers but tesco was refusing me for credit cards. I was quite surprised when tesco approved mine yesterday. The only reason I can think of is that around last year I opened a savings account with them and setup some incoming direct debits to fund it. May be do that and try again in a couple of months. I think this offer will still be around.

longest purchase card with lowest credit limit :disappointed:

You're one of the lucky ones but I think young people should get a credit card and used properly, to build & shows a credit history. It can be a great tool in the long run.

Barclaycard 25 month purchase and 25 month balance transfer is much better + you get £27.27 top cashback too.

If anyone's interested it doesn't look like they send any email out, but I received a text on my mobile ~26hrs after applying to confirm I'd be accepted (the website already told me yesterday) and the PIN and card with be with me in 7 to 10 days. I've found I can now login to the online banking and able to setup the Direct Debit, for the minimum amount to take advantage of the interest free period.

Not necessarily, their minimum monthly payments are 2.5 x more than tesco - this leads to quite a staggering loss of balance transfer benefit if you want to keep the whole balance,rather than eventually just half of it, transferred for the entire period.

can anyone clarify for me, am i able to use this card to pay for car insurance and then slowly pay off the CC?

Yes, assuming the credit limit they give you covers more than the cost of the insurance and that the insurer accepts Mastercard (most will, but will charge an extra fee). If you pay the card off within the 28 months you won't incur any interest. Keep in mind you'll need to be able to make the minimum card payment each month.

yes that will work

could anyone help..
how long would this card take to arrive if I were to sign up for it now?

I was going to make a purchase tomo using another card but this works better for me but unsure on how long till I can use the card? thanks

See comment 97, 6 above this one.

http://www.hotukdeals.com/deals/longest-ever-0-purchase-credit-card-28-month-tesco-bank-longer-balance-transfer-2514912?p=28809709

Thanks..searched through the comments and missed it lol going to be using it to buy some tickets..

No problem. What sort of tickets? Likely to still be available in 7-10 days min, or potential to go up in price? I guess work out the likelihood and if it's worth the risk of waiting. Have you applied and been accepted already - if not check you pass that hurdle first.

I applied but it timed out said it was going to give me £2100 with 21 months.

After that I didn't resubmit due to risk of having another credit search.

Shall I call them tomorrow?

Let's see if they message me. Thanks

im booking flight tickets and need to book them tomorrow.. im thinking that i will get the card regardless now for other purchases during the trip..

Assume you're going to be outside of the UK - maybe better to get a card that doesn't incur a fee to use abroad (as well)? http://www.moneysavingexpert.com/credit-cards/travel-credit-cards

Got the 28 months with £2500, it's my first credit card so can't complain, I'm sure i'm correct but the minimum payment each month for myself will be £25 right? I didn't need the card but wanted to try and start boosting my credit rating and this seemed like a good opportunity being 23 now!

Wouldn't most people, if they're sensible with their cards and making the payments, be better off with the 40 month Money Transfer Credit Card? Or have I misunderstood
If you transfer the 95% of limit to your bank in the first 90 days it would be interest free, giving you 40 months rather than 28 -
0% interest on money transfers to your bank account for the first 40 months, with a 3.94% fee
Earn Clubcard points wherever you use your card, plus your usual points in Tesco Terms apply
0% interest on money transfers is applied to any transfers made within the first 90 days of opening your account, if you make your minimum repayments on time and in full each month. You can transfer up to 95% of your credit limit
https://www.tescobank.com/sec/credit-cards/money-transfer/index.html
So you get the money up front, and have longer to spend it, though I guess the monthly min payments will be more to start with, and you only get to go up to 95%.

I got it but on received a limit of £600 for 22 months.

depends what you want it for, the purpose of this card is for purchases, so there isn't a fee when you buy something, with the money cards the fee is nearly 4%

depends on your circumstances and credit rating.

Ah, just re-read it. I thought point 3 was saying it was fee-free in the first 90 days rather than just repeating point 1. Wishful thinking!

You can do this before you receive the card in this case. Once you receive a text from them ~24hrs after a successful application you'll find you can login to the online banking and also setup the DD.

Still no message and as I was doing the application the reference number I had was lost as battery died! Thinking a call may need to be made.

Good idea. Did you do the sign up to online banking as part of the application? I did. Maybe it's related to that. If you did, maybe see if you can a login first.

PIN received in the post today, 3 days after applying. Quite a speedy service so far.

I'm not sure if I signed up. I think I did but I didn't receive an email. I got to the bit where it says we can give £2100 for 21 months.

It asked for some details etc then the battery went dead.

However I filled the details with the address so they should be able to locate via that.

Good stuff, you got the pin already!

Yeah, give them a buzz. I did think the application was a bit odd in that it felt like you'd been approved and completed it, as it told you your limit and that you'd been approved, but you then had to expand ~3 sections and tick to confirm you accepted all of the T&C before it was really completed.

Ah I see. That's what must have happened.
That explains it.
I called them but they are closed till Monday so will give them a call then. Cheers again

Heat added! Just applied as i need a new boiler soon, just hope I can pay with a credit card now as otherwise I would have been better off with on of their other cards with the longer transfers of existing amounts..

Thanks - I applied but went through TCB... couldn't see the purchase card option but clicked the 0% transfer card link... then I changed the card to the 0% purchase card and applied. I got accepted and later that day got an email from TCB saying I had cashback... checked my account and behold, £30.30 is pending!! You might want to go through TCB if you're thinking of getting this card!! :smiley:

This is what I did the other.
Whether it confirms or not is another thing

Why not just get a debit and live within your means? People live off of imaginary money these days too often

Because the world could end tomorrow and who wants to be the schmuck who doesn't get to laugh at the banks as that wad of debt they've amassed gets wiped clean!

Thing is my means increase as time goes on, sensible use of credit allows you to benefit and enjoy life while you're young. I have a car I bought on credit, it has appreciated in value since I bought it to the point that even if I'd been saving the repayments over the last 5 years I still wouldn't have saved enough to buy it at it's current value.

A few years back I decided I wanted to do some travelling so got a card like this and lived off it for a year keeping my earnings saved as travel funds. During my travels I did some work in Australia, saved up enough thanks to their higher wages to then pay off the card when I returned home.

It's great you get that warm superior feeling from only buying things with money you've saved up, and some people do get trapped in a debt cycle mortgaging their future for things they don't actually need today. But credit has it's use for people who consider it carefully.

Where's the link for that on topcashback?

Hi all..did any one receive the card yet? I applied last thrusday and did not get any mail or letter till today :disappointed:

​Same applied thursday, got the pin but no card. its showing in my app tho..

Yes, as previous post PIN arrived Saturday, no card just yet.

how to get the certified copies of ID & address proof for this? (without fees)

I have not received pin as well :disappointed:

Card arrived today (8 days after application). PIN previously arrived last Saturday (2 days after application). Decent turn around. Hope others are getting their cards too.

Is this only for new customers?
We currently have one of these from July 2015 that is due to end February.

While it seems like a good deal since the credit crunch they just won't lend to make full use of these cards. I'd probably need £25k to make full use over 28 months. But if I applied I would only be offered around £5k which means using it for 5-6 months and then stop using it. So the potential savings are not so great.

...but still better than nout? :sunglasses: Plus there's always another card from another provider to try? Have you tried the Post Office one? When I reached my credit limit they actually sent me a letter offering to automatically increase it (by another £2k). Admittedly with current accounts not offering best rates without having to juggle smaller amounts between several accounts while you 'spend' on this it's not the most amazing time to take advantage of it, but still far better than the alternative in any cashback credit card.

Advice please, if I were to use this card to pay a current credit card bill/balance would that be classed as a purchase or a balance transfer? Similarly if I was to transfer money from it via PayPal to another recipient would this be classed as a purchase? Cheers

​2 weeks later card has landed, plastic shortage obvs to blame

did you guys recieve confirmation email? its been like 5-6 days no contact at all

11 days after application I have received pin letter. No email or sms before this mail!

See previous responses, no confirmation email but a text the next day and a PIN in the post the day following that. Did you register for the online banking when you completed the application? I did and I wonder if that's what triggered the SMS.

I've never had a credit card before, so excuse the possibly stupid question: if the central banks raise interest rates, does Tesco have a legal right to increase the rate of this product before the 28-month term ends? -or before any other period of time?

I don't want to get burned, but this would really help me out with a bigger purchase which I am good for and could re-pay within 6 months. Cheers!

Application done. Move from Capital One hopefully

Going to call them now. Lol

Late here but I applied and got accepted.
£3,300 limit!
Never got any confirmation email etc I just logged into the Tesco bank page and see my details in there now.
I guess the card will be on it's way!

Any more feedback on this?
All good no problems?