What do you think is the reason for Tesco credit cards to pile up the competition? Other companies like the American Express, Visa, MasterCard, etc are much popular than the Tesco in the finance industry as these were originally known as grocery company.
However they have made a recent attempt to get into the finance industry leading to the rising demand for the Tesco credit cards. This is a review of the credit cards so that you know whether these are useful and whether they cover all the needs as a credit card.
Although this is a common offer made by many companies, Tesco provides zero percent interest rate for transacting money from the current credit card (given that you have one) to the recent Tesco one.
Again it's important to note that it offers zero percent rate of interest for the first six months of its usage. Tesco, like all the other companies does this to tempt the consumers towards opting for their services. There are other necessary things to be remembered.
17% is the average rate of interest approximate to the industry rate. This is obviously depended on one's credit record and therefore this number can be used as a guiding principle. The actual rate would completely depend on your usage and repayment history.
In order to make savings one must use the Tesco credit card which gives a discount on every purchase, be it of any kind. Do remember that one needs to have a high credit count in order to get this card.
So now, the question arises is do you want to opt for the Tesco cards? Personally, I would recommend one to go for the bigger companies because they have universal acceptance particularly online and at similar conditions.
However the last and final decision will be yours whether you want to use the Tesco cards or not.