still need to move my halifax credit card... just wondering if anyone has a tesco credit card. Really need to set up a new card asap. Dont have an out standing balance at the moment just use the card for booking things online and in case of an emergency..
Hi Millar, I heard alright that Tescos credit card has the best interest rate at the moment, haven't got one but was thinking of transferring my balance over to get 0% balance transfers. Welcome to wol btw
I'm in same boat - need to move my Halifax card. Wouldn't have much of an outstanding balance - nothing that I can't clear before transfer so I guess I'm more interested in having a long term low interest rate on purchases rather than 0% interest on balance transfer. I was going to maybe go with Bank of Ireland but I'll check out Tesco now. I think you can see your Tesco statement on line as well which I'd like to have this time. It was the only thing I would find fault with Halifax. Otherwise I thought they were great to deal with, good rates etc and I'll miss my lovely pink card!
You also get tesco points when you use to buy anything not just in tescos which is good.. I have one. I transfer my balance every time my 0% runs out. Have never actually used it to buy anything but no problems in getting it.
How long would it take to come through if I applied today, do ye reckon? My interest with BOI one is 100 euro a month so would be good to get rid of that. I like the sound of clubcard points too, esp as we shop in tescos, would be really handy.
I had a Tesco cred card last year and was watching some money programme that said there was a website where you could compare all the interest rates of all the credit cards, can't remember what the website was now sorry, but I checked it and the Tesco card had the highest interest rate at 18.4% or something like that, the lowest was AIB Click which was 8%, big difference, so I switched immediately, so do check out all the rates before you switch. Wish I could remember the name of the website!!
if your looking to pay your credit card balance then its a good idea to move around when the introductory 0% tranfer balance runs out so you are never paying any interest on your balance. thats what i do (have a big balance to clear) i have never been refused a card from any of the companies but definately shop around if you are not clearing your balance in full every month. There is a big difference in interest rates.
I have a halifax credit card as well and am looking around at the mo to get a new one. Just to warn you though it seems to be very difficult to get one at the mo. I've been refused with bank of ireland for their clear card i think its 9.5% apr. They did not even contact me to tell me I had to ring to find out. I asked for a reason and they said they were not given one. They never looked for any additional info or asked what kind of a limit I'm looking for. I have no balance to transfer. I am only working 3 days a week but I'm only looking for a small limit maybe 500 euro my current cc is 1000.
On the other hand my hubby is an accountant and is working full time. He applied for a cc with AIB and they contacted him lookinf for 12 months bank statements and pay slips to be dropped into a branch. He got a letter a week later saying he was declined.
I have since applied for the tesco one so fingers crossed.
Just a word of warning really you may assume you will get a cc easily but it does not seem the case at the mo.