How to Get a Tesco Bank Foundation Credit Card and Rebuild Credit Rating

Do you need a credit card to earn valuable rewards and at the same time rebuild your credit rating? The Tesco Bank Foundation Credit Card is all you need if you’re after generous benefits and favourable rates.

With every use of the card, you can collect Tesco Clubcard points for travel money redemption and more. You can also track your credit score and allow automatic payments to improve your rating over time.

Read on to find out more about this credit card and how you might be eligible to apply for your very own today.

How to Get a Tesco Bank Foundation Credit Card and Rebuild Credit Rating

Benefits and Features of a Tesco Bank Foundation Credit Card

Tesco Bank provides products and services that can help customers be smarter with money. In addition to low-rate loans, Tesco Bank also offers credit-building cards for convenience and reliability. In this article, we’re going to discover more about the Tesco Bank Foundation Credit Card and the benefits that come with it.

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The highlight of this credit card is the credit-building feature. By allowing a longer grace period and automatic repayments, you can definitely polish your score. Text and email alerts are also helpful in keeping up with your payments. Cardholders can also use the Tesco Bank app to track spending and report unauthorized transactions if there are any.

Another reason to choose this credit card is the fast and secure payments it provides with the help of Mastercard. Transactions are recorded, and you can easily review these any time you want. The Tesco Bank Foundation Credit Card also supports digital payment like Apple Pay. The contactless feature also lets you pay for services in a single tap, permitting that purchases are above £30.

Tesco Bank makes banking a satisfying experience because of its generous reward system. Cardholders can collect 1 Clubcard point for every £4 spent in Tesco and 1 Clubcard point for every £8 spent in other types of transactions. Redeem rewards and purchase travel money to save on trips and other exciting products.

Eligibility and How to Apply for a Tesco Bank Foundation Credit Card

Applying for this credit card is easy and hassle-free with the online application. To qualify as a cardholder, applicants must be at least 18 years old, a UK resident, and employed with a minimum annual income of £5,000.

In addition, interested parties should not have a closed credit card account due to missed repayments. Applicants with poor credit ratings are free to apply, but the bank has the right to turn down an applicant if he or she didn’t meet the criteria. Apply for a Tesco Bank Foundation Credit Card by visiting the Tesco Bank website now!

If successful in your application, you can get a decision within 10 minutes. The minimum credit limit is £250. The default credit limit is £1,200, but applicants can be given a different limit depending on personal circumstance.

Tesco Bank Foundation Credit Card Fees & Charges

  • Annual Fee – £0
  • Purchase Interest Rate – 27.5% to 39.9% variable
  • Balance Transfer Rate – 27.5% to 39.9% variable
  • Over limit Fee – £12
  • Late Payment Fee – £12
  • Foreign Exchange Fee – 2.75% of the transaction
  • Cash Advance Fee – 3.99% or minimum £3

Conclusion

Order the Tesco Bank Foundation Credit Card if you want to rebuild your credit score and have something to use for everyday purchases. This credit card offers top-tier benefits and perks, plus a low-interest rate on purchases. Visit the website of Tesco Bank to apply for your own card today.

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