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 credit cards, savings accounts and loans. Customers can gain Tesco Clubcard points when they purchase financial products.

Tesco Bank also offers travel, car, home and pet insurances.

As of 2016, Tesco Bank is branchless.

Their headquarters are in Edinburgh.

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Car insurance

Ranked 21^st of 54 providers reviewed.

Customer happiness	62.31%
Customer trust	55.79%
Complaints performance	80.5%
Transparency rating	63.18%
Fairer Finance score Reviewed Autumn 2021	65%

Credit cards

Ranked 6^th of 30 providers reviewed.

Customer happiness	66.12%
Customer trust	54.9%
Complaints performance	77.07%
Transparency rating	59.31%
Fairer Finance score Reviewed Autumn 2021	64%

Home insurance (building and contents)

Ranked 15^th of 51 providers reviewed.

Customer happiness	55.98%
Customer trust	49.88%
Complaints performance	82.16%
Transparency rating	72.7%
Fairer Finance score Reviewed Autumn 2021	65%

Personal loans

Ranked 5^th of 23 providers reviewed.

Customer happiness	64.08%
Customer trust	50.16%
Complaints performance	77.07%
Transparency rating	64.1%
Fairer Finance score Reviewed Autumn 2021	64%

Pet insurance

Ranked 15^th of 28 providers reviewed.

Customer happiness	56.95%
Customer trust	53.21%
Complaints performance	69.61%
Transparency rating	72.83%
Fairer Finance score Reviewed Autumn 2021	63%

Savings accounts

Ranked 30^th of 46 providers reviewed.

Customer happiness	49.81%
Customer trust	52.04%
Complaints performance	77.07%
Transparency rating	68.16%
Fairer Finance score Reviewed Autumn 2021	62%

Travel insurance

Ranked 14^th of 36 providers reviewed.

Customer happiness	56.18%
Customer trust	58.76%
Complaints performance	60.93%
Transparency rating	46.14%
Fairer Finance score Reviewed Autumn 2021	56%

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

Duration of balance transfer offer period i	30 or 23 or 18 months
Balance transfer fee during promotional period i	2.99%
Representative APR i	20.90%
Balance transfer rate during promotional period i	0%
Representative balance transfer rate i	1.60%
Risk based? i

Duration of balance transfer offer period i	20 or 16 or 12 months
Balance transfer fee during promotional period i	1.99%
Representative APR i	20.90%
Balance transfer rate during promotional period i	0%
Representative balance transfer rate i	1.60%
Risk based? i

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

Duration of purchases offer period i	23 or 18 or 14 months
Representative APR i	20.90%
Highest APR i	27.90%
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
Risk based? i

Reward extras i
Risk based? i
Annual fee in 1st year i	£0
Annual fee after 1st year i	£0
Foreign purchase fee i	2.75%

Representative APR i	27.50%
Representative cash transaction interest rate i	2.84%
Representative purchase rate i	2.05%
Risk based? i
Initial minimum credit limit i	£100
Representative balance transfer rate i	2.05%

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

Representative APR i	9.90%
Highest APR i	16.90%
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 rate during promotional period i	0%
Duration of money transfer offer period i	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%

Matching sets i
Theft from outbuildings cover limit i	£5,000
Escape of water excess i	£250
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
24hr helpline i

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
24hr helpline i
Property owner liability i	£2,000,000

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

Vet fees cover limit per condition i	£4,000
Dental cover (if due to an accident) i	£4,000
If renewed, are existing conditions covered? i
Vet fees cover limit per policy period i	Unlimited
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

Vet fees cover limit per condition i	£7,500
Dental cover (if due to an accident) i	£7,500
If renewed, are existing conditions covered? i
Vet fees cover limit per policy period i	Unlimited
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

Vet fees cover limit per condition i	£10,000
Dental cover (if due to an accident) i	£10,000
If renewed, are existing conditions covered? i
Vet fees cover limit per policy period 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

Vet fees cover limit per condition i	£2,000
Dental cover (if due to an accident) i	£2,000
If renewed, are existing conditions covered? i
Vet fees cover limit per policy period i	2,000
Cruciate ligament damage i	£2,000
CT scans i	£2,000
MRI scans i	£2,000
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

Vet fees cover limit per condition i	£3,000
Dental cover (if due to an accident) i	£3,000
If renewed, are existing conditions covered? i
Vet fees cover limit per policy period i	Unlimited
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

Cancelling before travel cover limit i	£5,000
Medical excess i	£75
Personal Possessions and Baggage - damaged, lost or stolen- cover limit i	£2,000
Cutting trip short cover limit i	£5,000
Abandoning your trip cover limit i	£5,000
Emergency medical cover and repatriation cover limit i	£10,000,000
Mental health cover i
Lost or stolen cash i	£200
Combined passport & travel cover limit i	£250
Natural disaster relocation cover i
Natural disaster baggage cover i
Max trip duration i	31 days

Missed port departure cover limit i	£1,000
Re-joining a cruise cover limit i	£0
Cabin confinement cover limit i	£1,000
Missed port departure excess i	£99
Timetable/itinerary change cover limit i	£500
Unused excursions cover limit i	£500

Ski equipment owned cover limit i	£1,500
Single owned item cover limit i	£500
Cover limit for hire of ski equipment due to loss/damage/delay to own equipment i	£300
Avalanche closure cover limit i	£250
Piste closure cover limit i	£500
Ski equipment owned excess i	£0
Ski equipment hired i	£300
Single item limit for hired equipment i	£300
Unused ski pass due to illness or injury i	£0

Cancellation cover for if policy holder has covid (confirmed either by test result or doctor's note) within 14 days of departure date? i
Cover for change in the FCDO advice whilst on trip? e.g. between when you fly out and come home?
Does the policy cover medical cover if you catch Covid-19?
Cancellation cover for if travel companion has covid-19 (confirmed either by test result or doctor's note) within 14 days of departure date? i
Cancellation cover due to a close relative having covid-19 and is admitted to hospital (this person is not travelling but you cancel trip to stay near them)
Cancellation/curtailment: bereavement of a close relative due to Covid
Cancellation/curtailment cover if denied boarding by airline because displaying symptoms?
Cover for all aspects of the policy, (EXCEPT cancellation and curtailment) for change in the FCDO advice between when you book and departure?
No additional premium to extend policy due to getting covid-19 (for days of trip extended)

Tesco Bank

Car insurance

Credit cards

0% balance transfer credit cards

0% purchase credit cards

Cashback and reward credit cards

Credit builder credit cards

Foreign use credit cards

Low rate credit cards

Money transfer credit cards

Home insurance (building and contents)

Buildings insurance

Contents insurance

Pet insurance

Cat insurance

Dog insurance

Travel insurance

Annual multi-trip insurance

Single trip insurance

Travel insurance add-on: cruise cover

Travel insurance add-on: winter sports

Travel Insurance Covid-19 Cover