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Free Prepaid Credit Cards :: Tesco Credit Cards Tesco Credit Cards: How Do Tesco Cards Stack Up?
So are Tesco credit cards really the ones that will most suit your needs? Here is a quick review of Tesco and their credit cards to help you figure this out.
When most people think of Tesco, they think of the grocery store company, and what many people aren’t aware of is that they’ve also branched off into the finance industry, hence the Tesco credit cards now available.
The first thing, of course, when looking at credit cards, is to find out the interest rate. The average Tesco card carries a seventeen percent rate, pretty much standard in eth industry, so really not something you should hang your hat on.
Also, they do offer an initial fourteen month period with no interest where you can transfer your money from your current credit card onto your Tesco credit card, so if you have a significant amount of money elsewhere you wish to put onto your current card (no sense having to pay two separate bills, after all) do this fast.
As with most companies nowadays, Tesco offers an initial zero interest rate period where you don’t have to worry about paying a dime of interest for the first 6 months.
Now comes time for the question you are really asking-that’s all well and good, but should I go with them? I can’t make that decision for you, because how they really stack up will be determined by your individual situation.
I would highly recommend going to their site, filling out their application, and getting an instant quote online on your interest rate (because it’s highly dependent on you and your credit score) do the same for other companies, and then compare them. Never just go by the average amount per customer, because this number can be very deceiving (in this case, it’s seventeen percent, but the rate you pay may not be anywhere near that). Once you’ve done this, you will have a much more accurate view of how Tesco credit cards match up to their competition.
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