Tesco Bank

Founded in 1997 as Tesco Personal Finance, Tesco Bank was initially a joint venture with Royal Bank of Scotland. Only in 2008 did Tesco took over the whole operation under its own banking licence.

Tesco Bank offers a range of banking products including current accounts, mortgages and loans. Customers can gain Tesco Clubcard points when they purchase financial products.

Tesco Bank also offers car, home and pet insurances.

As of 2016, Tesco Bank is branchless.

Their headquarters are in Edinburgh.

Tesco Bank
Visit provider's website

We don't get paid for any links on our site.

Car insurance

Ranked 15th of 52 providers reviewed.

Customer happiness 58.57%
Customer trust 52.17%
Complaints performance 68.99%
Transparency rating 68.3%
Fairer Finance score
Reviewed Autumn 2020
62%
Gold ribbon: first place

Credit cards

Ranked 7th of 29 providers reviewed.

Customer happiness 65%
Customer trust 54%
Complaints performance 78%
Transparency rating 46%
Fairer Finance score
Reviewed Autumn 2020
61%

Home insurance (building and contents)

Ranked 27th of 51 providers reviewed.

Customer happiness 56.54%
Customer trust 48.42%
Complaints performance 72.36%
Transparency rating 64.49%
Fairer Finance score
Reviewed Autumn 2020
60%
Gold ribbon: first place

Personal loans

Ranked 5th of 25 providers reviewed.

Customer happiness 64.59%
Customer trust 53.49%
Complaints performance 78.32%
Transparency rating 67.85%
Fairer Finance score
Reviewed Autumn 2020
66%
Gold ribbon: first place

Pet insurance

Ranked 9th of 28 providers reviewed.

Customer happiness 53%
Customer trust 49%
Complaints performance 68%
Transparency rating 71%
Fairer Finance score
Reviewed Autumn 2020
60%

Savings accounts

Ranked 27th of 47 providers reviewed.

Customer happiness 51.33%
Customer trust 51.71%
Complaints performance 78.32%
Transparency rating 69.81%
Fairer Finance score
Reviewed Autumn 2020
63%

Car insurance

Tesco Bank

Car Insurance

3 stars
Courtesy car for duration of repair i
Uninsured driver promise i
Cover limit for lost keys i £0
New car replacement
24hr helpline available i
Courtesy car provided if stolen / total loss i
Windscreen repair excess i £10
Windscreen replacement excess i £75
Cover limit for stolen keys i £500
Cover for replacing original audio/visual equipment i Unlimited
Repairs guarantee (years) i 3 years

Credit cards

0% balance transfer credit cards

Tesco Bank

Balance Transfer Credit Card

3 stars
Duration of balance transfer offer period i 22 or 19 or 16 months
Balance transfer fee during promotional period i 2.99%
Representative APR i 20.90%
Risk based? i
Balance transfer rate during promotional period i 0%
Representative balance transfer rate i 1.60%

Tesco Bank

All Round

2 stars
Duration of balance transfer offer period i 15 or 12 or 9 months
Balance transfer fee during promotional period i 3.99%
Representative APR i 20.90%
Risk based? i
Balance transfer rate during promotional period i 0%
Representative balance transfer rate i 1.60%

Tesco Bank

Purchases card

1 stars
Duration of balance transfer offer period i 3 months
Balance transfer fee during promotional period i 2.99%
Representative APR i 20.90%
Risk based? i
Balance transfer rate during promotional period i 0%
Representative balance transfer rate i 1.60%

0% purchase credit cards

Tesco Bank

Purchases card

4 stars
Duration of purchases offer period i 18 or 15 or 12 months
Representative APR i 20.90%
Highest APR i 27.90%
Risk based? i
Purchase rate during promotional period i 0%
Representative purchase rate i 1.60%
Number of days before interest is charged on purchases i 56 days

Tesco Bank

All Round

4 stars
Duration of purchases offer period i 15 or 12 or 9 months
Representative APR i 20.90%
Highest APR i 27.90%
Risk based? i
Purchase rate during promotional period i 0%
Representative purchase rate i 1.60%
Number of days before interest is charged on purchases i 56 days

Cashback and reward credit cards

Tesco Bank

Purchases card

3 stars
Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i £32.38
Estimated amount of money customers get back after the 1st year (minus annual fee) i £32.38
Risk based? i
Annual fee after 1st year i £0
Foreign purchase fee i 2.75%

Tesco Bank

Balance Transfer Credit Card

3 stars
Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i £32.38
Estimated amount of money customers get back after the 1st year (minus annual fee) i £32.38
Risk based? i
Annual fee after 1st year i £0
Foreign purchase fee i 2.75%

Tesco Bank

All Round

3 stars
Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i £32.38
Estimated amount of money customers get back after the 1st year (minus annual fee) i £32.38
Risk based? i
Annual fee after 1st year i £0
Foreign purchase fee i 2.75%

Credit builder credit cards

Tesco Bank

Foundation

3 stars
Representative APR i 27.50%
Representative cash transaction interest rate i 2.84%
Representative purchase rate i 2.05%
Risk based? i
Representative balance transfer rate i 2.05%
Initial minimum credit limit i £250

Foreign use credit cards

Tesco Bank

Purchases card

1 stars
Representative APR i 20.90%
Foreign purchase fee i 2.75%
Foreign withdrawal fee i 3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i 0 days
Representative purchase rate i 1.60%

Tesco Bank

Balance Transfer Credit Card

1 stars
Representative APR i 20.90%
Foreign purchase fee i 2.75%
Foreign withdrawal fee i 3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i 0 days
Representative purchase rate i 1.60%

Tesco Bank

All Round

1 stars
Representative APR i 20.90%
Foreign purchase fee i 2.75%
Foreign withdrawal fee i 3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i 0 days
Representative purchase rate i 1.60%

Tesco Bank

Low APR

1 stars
Representative APR i 9.90%
Foreign purchase fee i 2.75%
Foreign withdrawal fee i 3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i 0 days
Representative purchase rate i 0.79%

Tesco Bank

Foundation

1 stars
Representative APR i 27.50%
Foreign purchase fee i 2.75%
Foreign withdrawal fee i 3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i 0 days
Representative purchase rate i 2.05%

Low rate credit cards

Tesco Bank

Low APR

3 stars
Representative APR i 9.90%
Representative cash transaction interest rate i 1.87%
Representative purchase rate i 0.79%
Risk based? i
Representative balance transfer rate i 0.83%
Representative money transfer rate i 0.83%

Money transfer credit cards

Tesco Bank

Balance Transfer Credit Card

2 stars
Money transfer rate during promotional period i 0%
Duration of money transfer offer period i 12 months
Money transfer fee during promotional period i 3.99%
Representative APR i 20.90%
Risk based? i
Representative cash transaction interest rate i 2.21%

Tesco Bank

All Round

2 stars
Money transfer rate during promotional period i 0%
Duration of money transfer offer period i 15 or 12 or 9 months
Money transfer fee during promotional period i 3.99%
Representative APR i 20.90%
Risk based? i
Representative cash transaction interest rate i 2.21%

Tesco Bank

Purchases card

1 stars
Money transfer rate during promotional period i 0%
Duration of money transfer offer period i 3 months
Money transfer fee during promotional period i 3.99%
Representative APR i 20.90%
Risk based? i
Representative cash transaction interest rate i 2.21%

Home insurance (building and contents)

Tesco Bank

Home Insurance

4 stars
Escape of water excess i £250
Matching sets i
Theft from outbuildings cover limit i £5,000
24hr helpline i
Alternative accommodation cover limit i £50,000
Cover for keys if lost i Sum insured
Money in the home i £500
Replace belongings new for old i

Buildings insurance

Tesco Bank

Home Insurance

3 stars
Finding & repairing a leak cover limit i £5,000
Cover for keys if lost i Sum insured
Matching sets i
Alternative accommodation cover limit i £50,000
Cover for keys if stolen i Sum insured
Compulsory excess i £100
Escape of water excess i £250
Property owner liability i £2,000,000
24hr helpline i

Contents insurance

Tesco Bank

Home Insurance

3 stars
Theft from outbuildings cover limit i £5,000
Matching sets i
Cover for keys if lost i Sum insured
Cover limit for cycles in the home i Part of sum insured
Replace belongings new for old i
Alternative accommodation cover limit i £15,000
Money in the home cover limit i £500
Cover for keys if stolen i Sum insured
24hr helpline i

Pet insurance

Cat insurance

Tesco Bank

Extra £4000

5 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £4,000
Dental cover (if due to an accident) i £4,000
Cruciate ligament damage i £4,000
CT scans i £4,000
MRI scans i £4,000
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £200
Cremation i £200
Complementary treatment i £1,000
Age when compulsory excess rises i Doesn't change
Cancellation fee i £0
Amendment fee i £0
Does the policy offer cover if the pet dies because of an illness or accident, or if it’s lost or stolen? i £1,500

Tesco Bank

Extra £7500

5 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £7,500
Dental cover (if due to an accident) i £7,500
Cruciate ligament damage i £7,500
CT scans i £7,500
MRI scans i £7,500
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £200
Cremation i £200
Complementary treatment i £1,000
Age when compulsory excess rises i Doesn't change
Cancellation fee i £0
Amendment fee i £0
Does the policy offer cover if the pet dies because of an illness or accident, or if it’s lost or stolen? i £1,500

Tesco Bank

Premier £7,500

5 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £7,500
Dental cover (if due to an accident) i £7,500
Cruciate ligament damage i £7,500
CT scans i £7,500
MRI scans i £7,500
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £200
Cremation i £200
Complementary treatment i £1,000
Age when compulsory excess rises i Doesn't change
Cancellation fee i £0
Amendment fee i £0
Does the policy offer cover if the pet dies because of an illness or accident, or if it’s lost or stolen? i £1,500

Tesco Bank

Premier £10,000

5 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £10,000
Dental cover (if due to an accident) i £10,000
Cruciate ligament damage i £10,000
CT scans i £10,000
MRI scans i £10,000
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £200
Cremation i £200
Complementary treatment i £1,000
Age when compulsory excess rises i Doesn't change
Cancellation fee i £0
Amendment fee i £0
Does the policy offer cover if the pet dies because of an illness or accident, or if it’s lost or stolen? i £1,500

Tesco Bank

Premier £4000

5 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £4,000
Dental cover (if due to an accident) i £4,000
Cruciate ligament damage i £4,000
CT scans i £4,000
MRI scans i £4,000
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £200
Cremation i £200
Complementary treatment i £1,000
Age when compulsory excess rises i Doesn't change
Cancellation fee i £0
Amendment fee i £0
Does the policy offer cover if the pet dies because of an illness or accident, or if it’s lost or stolen? i £1,500

Tesco Bank

Standard

3 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £3,000
Dental cover (if due to an accident) i £3,000
Cruciate ligament damage i £3,000
CT scans i £3,000
MRI scans i £3,000
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £200
Cremation i £200
Complementary treatment i £500
Age when compulsory excess rises i Doesn't change
Cancellation fee i £0
Amendment fee i £0
Does the policy offer cover if the pet dies because of an illness or accident, or if it’s lost or stolen? i £1,500

Tesco Bank

Accident & Injury

2 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £3,000
Dental cover (if due to an accident) i £3,000
Cruciate ligament damage i £3,000
CT scans i £3,000
MRI scans i £3,000
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £0
Cremation i £0
Complementary treatment i £500
Age when compulsory excess rises i Doesn't change
Cancellation fee i £0
Amendment fee i £0
Does the policy offer cover if the pet dies because of an illness or accident, or if it’s lost or stolen? i £0

Dog insurance

Tesco Bank

Premier £4,000

5 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £4,000
Dental cover (if due to an accident) i £4,000
Cruciate ligament damage i £4,000
CT scans i £4,000
MRI scans i £4,000
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £200
Cremation i £200
Complementary treatment i £1,000
Age when compulsory excess rises i Doesn't change
Amendment fee i £0

Tesco Bank

Extra £4000

5 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £4,000
Dental cover (if due to an accident) i £4,000
Cruciate ligament damage i £4,000
CT scans i £4,000
MRI scans i £4,000
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £200
Cremation i £200
Complementary treatment i £1,000
Age when compulsory excess rises i Doesn't change
Amendment fee i £0

Tesco Bank

Extra £7500

5 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £7,500
Dental cover (if due to an accident) i £7,500
Cruciate ligament damage i £7,500
CT scans i £7,500
MRI scans i £7,500
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £200
Cremation i £200
Complementary treatment i £1,000
Age when compulsory excess rises i Doesn't change
Amendment fee i £0

Tesco Bank

Premier £7,500

5 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £7,500
Dental cover (if due to an accident) i £7,500
Cruciate ligament damage i £7,500
CT scans i £7,500
MRI scans i £7,500
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £200
Cremation i £200
Complementary treatment i £1,000
Age when compulsory excess rises i Doesn't change
Amendment fee i £0

Tesco Bank

Premier £10,000

5 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £10,000
Dental cover (if due to an accident) i £10,000
Cruciate ligament damage i £10,000
CT scans i £10,000
MRI scans i £10,000
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £200
Cremation i £200
Complementary treatment i £1,000
Age when compulsory excess rises i Doesn't change
Amendment fee i £0

Tesco Bank

Standard

3 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £3,000
Dental cover (if due to an accident) i £3,000
Cruciate ligament damage i £3,000
CT scans i £3,000
MRI scans i £3,000
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £200
Cremation i £200
Complementary treatment i £500
Age when compulsory excess rises i Doesn't change
Amendment fee i £0

Tesco Bank

Accident & Injury

2 stars
If renewed, are existing conditions covered? i
Vet fees cover limit per condition i £3,000
Dental cover (if due to an accident) i £3,000
Cruciate ligament damage i £3,000
CT scans i £3,000
MRI scans i £3,000
Prescription diet (treatment of bladder stones only) i £0
Euthanasia cover limit i £0
Cremation i £0
Complementary treatment i £500
Age when compulsory excess rises i Doesn't change
Amendment fee i £0