Tesco credit card offer welcomed by website
A financial advice website in the UK has welcomed the decision by Tesco Personal Finance to extend the zero per cent purchase period on its Clubcard Credit Card.
Tesco's decision to extend the zero per cent interest period offered on its Clubcard Credit Card has been welcomed by a financial advice website in the UK.According to uSwitch.com, the number of credit card companies offering special introductory offers has shrunk in the past year in general so Tesco's decision to make its offer more generous stands out.
The website also claimed that the 16.9 per cent typical annual percentage rate offered on the Tesco Clubcard Credit Card is "competitive" and the balance transfer fee offered on it is one of the lowest on the market.
Continuing, uSwitch.com added: "Tesco has sent a clear message out to its competitors by reinvigorating the introductory purchase offer market."
Recently, Abbey relaunched one of its popular credit cards which is aimed specifically at people who use credit cards abroad.
The Zero card, which won an award at this year's Card Awards, does not charge transaction fees for customers using credit cards abroad.
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