There are many reasons why people often want to get a credit card. Some want to enjoy being able to purchase without having to worry about their current budget. Others want to have access to credit so they can use it for emergencies.
While there are a lot of reasons behind getting a credit card, we do not want to pay for high-interest rates. This is why the Tesco Bank Low APR Credit Card is the best choice for those who do not want to deal with a large credit bill at the end of each month.
With this card, you get to save a ton of money while also being able to access a good amount of credit. Check out the article below to learn more about the Tesco Bank Low APR Credit Card and how to apply online.
A Credit Card Designed for Low Interest
If you own a credit card or if you have been searching for a new credit card, you’ll notice that most of them have very high-interest rates.
This can put a lot of applicants off especially if they do not want to pay that high amount every month.
The Tesco Bank Low APR Credit Card is designed to be a low-interest credit card. You only pay what you’ve used on your credit balance alongside a very low-interest rate.
As of this time, the interest rate of the credit card is a very low 10.9% APR for purchases.
Other Charges from the Tesco Bank Low APR Credit Card
When you have the Tesco Bank Low APR Credit Card, you don’t have to pay any monthly or annual fee to own the card. The balance transfer fee is 3.99% of the total amount of transfer that you’re going to make.
You will also receive a foreign transaction fee of 2.75% of the amount that you want to convert. There is also a cash advance fee of 3.99% of the total amount that you want to withdraw with a minimum of £3.
Every time you exceed your credit limit, the issuer will charge you £12 as an exceeding limit fee.
Earn Rewards from Using Your Tesco Bank Low APR Credit Card
Aside from the wonderful and budget-friendly low-interest rate, the Tesco Bank Low APR Credit Card also features a rewards program.
Every time you use the credit card for purchases, you get to earn 5 reward points for every £4 spent at Tesco.
You also get 1 reward point for every £4 that you spend on fuel. Cardholders then get 1 reward point for every £8 spent that they spend outside of purchases from Tesco.
For every 100 points you get, you can redeem it for £1 in vouchers.
Mobile Banking App To Help You Manage Your Finances
We all know it is difficult to keep track of all your credit card expenses. This can be extra challenging if you have a card like the Tesco Bank Low APR Credit Card where you get lower interest rates.
If you want to stay on top of your expenses, you should download the Tesco mobile banking app or access your account through the online banking platform.
With the app, you get to manage your finances, check transaction history, link your accounts, and even get rewards and promotions directly from Tesco.
What to Do to Apply for the Tesco Bank Low APR Credit Card
Those who are interested in applying for the Tesco Bank Low APR Credit Card can easily check their eligibility through the official website.
All you need to do is to fulfill their requirements for you to be eligible. You must be 18 years old and above to apply for the card and you must have a proper income.
This will be further supported by documents that may be required for submission during application. Once you are ready, head over to the official website and click on Check My Eligibility to see if you are qualified for the card.
Applicants don’t need to worry about the eligibility check as it will not affect their credit score.
Contact Details You Need to Know
You can contact their customer service hotline at 0345 300 4278* if you need help with your application or if you have inquiries regarding the application procedure.
You may also use the same hotline to ask for updates on your application.
Applicants can check out the nearest Tesco Bank branch or visit their main office address at 2 South Gyle Crescent, Edinburgh EH12 9FQ.
How to Apply for the Tesco Bank Low APR Credit Card
There are two primary ways to apply for the Tesco Bank Low APR Credit Card Online. You can apply directly at any Tesco Bank in your area or you can apply online.
Image Source: BBC
When applying, be sure to prepare all the required documents before you set foot at the bank or go to the official website.
The online application process only takes about 10 minutes for you to apply which makes it the more convenient way of applying for the credit card.
Online Application Process
If you want to apply online, you can easily head over to the official website and choose Tesco Bank Low APR Credit Card then click on Apply Now.
Fill out the online application form after passing the eligibility check. Make sure that you provide the most accurate information and do not forget to review the terms and conditions before you submit.
Once approved, you should receive your new credit card within several business days. Activate the card then you can use it immediately for any transaction.
Conclusion
With the Tesco Bank Low APR Credit Card, you can do anything with the credit card and never have to worry about high-interest rates. The best thing about using the card apart from its low APR is its amazing rewards program which gives you more than what you deserve. Check out the credit card and apply for one today!
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.