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Tuesday 7th February 2012

Posts Tagged ‘Virgin Money’

Tesco Promote Credit Card

Thursday, June 11th, 2009

Tesco continues its push to become a major personal finance player with a major offer on its credit card.

The Tesco Personal Finance Clubcard credit card has extended its 0% interest deal on purchases from six to 12 months. It is only available to new customers though and starts when the new credit card account is opened.

At 2%, the Tesco credit card already boasts one of the most competitive balance transfer rates. It also offers 0% interest for six months on the balance transfer.

Commentators have noted that competitors have had to be equally generous, with Virgin credit card responding to Tesco’s inroad with 0% on balance transfers for 16 months.

Although Virgin is unable to beat Tesco’s offer of five Clubcard points for every £4 spent in their superstore.

Although a relative newcomer to the sector, Tesco Personal Finance is now ranked as the U.K.’s eighth largest credit card provider. Tesco has already announced its intention to operate banking facilities within its stores and hopes to offer customers current accounts later on in the year.

Guest Article by Neil Camp

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Alan PottsMy name is Alan Potts and I'm the Editor of the BUYability web site and Managing Director of BUYability Limited. You can connect with me or keep up to date with new posts on this blog via the following social media sites:

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