What is Tesco Credit Card?
Tesco Bank, formerly Tesco Personal Finance, was formed in 1997 as part of a joint venture between Royal Bank of Scotland and Tesco (the supermarket giant). It now has more than five million customers.
Now entirely owned by Tesco, Tesco Bank operates under its own banking licence offering insurance, credit cards, loans, savings, mortgages and travel products.
Tesco Bank launched its first mobile app in 2014 to support its current and savings accounts as well as credit cards.
It offers a range of credit cards including balance transfer cards, money transfer cards, credit builder cards, and cards that give different combinations of these features.
One unique benefit of using a Tesco Bank credit card is the chance to earn Tesco Clubcard points – even when you don’t shop in the store. Clubcard points can be redeemed against a variety of goods and services.
Which Bank Does Tesco Credit Card Use?
Tesco Bank
Will applying for a Tesco credit card affect my credit score?
Applying for Clubcard Pay+ won’t affect your credit score, even if your application is unsuccessful.
Is Tesco credit card owned by MBNA?
Understandably there can be a lot of confusion about who owns your credit card, and what the rules are around that.
Paying interest?
| Credit card brand | Owned by |
|---|---|
| Tesco Bank | Tesco Bank |
| Vanquis Bank | Vanquis Bank |
| Virgin Money | MBNA |
Will applying for a Tesco credit card affect my credit score?
Applying for Clubcard Pay+ won’t affect your credit score, even if your application is unsuccessful.