Tesco Bank launches 19-month purchase credit card

Tesco Bank has introduced the longest 0% interest credit card currently available.

It is offering 0% interest on new purchases for 19 months, so customers will pay no interest on their purchases until 2016. The card offers 0% on balance transfers for three months, with a balance transfer fee of 2.9%.

Tesco Bank Clubcard credit card customers are also rewarded with Clubcard points when they shop, receiving one point for every £4 spent on the card.

While other credit cards offer good deals for balance transfers, they lag behind on new purchases - though some do offer six-month deals at 0% interest.

According to Moneywise.co.uk/compare, the market-leading card for balance transfers is Barclaycard Platinum With Balance Transfer, which offers 0% on balance transfers for 33 months, with a 2.99% fee and 0% on new purchases for six months.

Next is Halifax Balance Transfer Credit Card - with 0% interest for 32 months, a 3% fee, and 0% on new purchases for six months – and Sainsbury's Bank, which is offering 31 months for balance transfers, a 2.89% fee, and 0% interest on purchases for six months on its Nectar Balance Transfer Credit Card.

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