Finance Personal Tesco
July 24th, 2009 | 
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Question: How tesco credit card works?
Hi all,
I recently moved into UK for work, and I would like to apply for a Tesco Credit Card, because I need to buy about £5000 furniture and appliances for the house I live in.
I'm interested to repay a small amount per month, that's what the Tesco Credit Card allow to do. However I'm a bit confused about the summary box at
http://www.tescofinance.com/personal/finance/finance/creditcards/clubcc/summary-box.jsp
I hope someone of you can better explain the following:
a) How can I specify the length of my debit, and to who should I tell this? To the seller or is it something I choose via an on line panel or something?
b) On the APR table, I would expect the introductory rate is the one I'll pay accordingly to the period specified, after that I will start paying the monthly rate. Is this correct?
c) Can I buy everywhere, or the card is bound to Tesco and shopping to their mall only?
Many thanks
Giuseppe
Answer: The Tesco credit card is simply a Tesco branded Visa or MasterCard and works the same as any other credit card.
You need to have been living at your current address for over two years, be in full time employment and have a good credit rating.
If you only pay the minimum amount each month, your balance will take years to pay off because of the interest applied to each month's outstanding balance
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