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Tesco Finance

By: EconomyWatch Date: 21 September 2009

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Tesco Finance serves the personal finance needs of its customers with products such as insurance, credit cards, loans and savings. The company operates as a subsidiary of Tesco plc, a UK-based grocery and merchandising retail chain with operations in Europe, North America and Asia.

Tesco Finance: Insurance

Tesco Finance underwrites insurance covers at affordable rates and with exciting discounts. Insurance policies available with Tesco Finance include:

Car insurance
Pet insurance
Travel insurance
Home insurance
Health insurance
Dental insurance
Car warranty plan
Breakdown cover

Tesco Finance: Credit Cards

Tesco Finance offers the Clubcard credit card in association with MasterCard. The card has an introductory interest free period of 12 months. The typical APR (annual percentage rate) variable charged after this period is 16.9%. Tesco credit cardholders receive reward points for making purchases at in-house stores as well as at other outlets that accept MasterCard. It has a £12 late payment fee and over-limit fees.

Tesco Clubcard comes with e-banking facilities. It allows the cardholder to view credit card statements online, make transactions, balance transfers and redeem reward points.

Tesco Finance: Loans

Tesco Finance provides loans for varying personal needs at affordable rates and fixed monthly repayments. The loan products available with Tesco Finance are:

Home loans
Auto loans
Travel loans
Loans for special occasions

Tesco Finance: Savings

Tesco Finance extends its service to provide savings accounts to customers. There are two types of savings accounts available through the company, the internet saver and instant access savings. The internet saver is a standard savings account, with the facility to manage the account online. However, instant access saving account offers online access along with phone banking, store banking and ATM card facilities.

Tesco Finance: Motoring

Under motoring services, Tesco Finance allows customers to search for the best online auto insurance deals. Users can search, compare and make transactions for the best car, motorbike and van insurance quotes from leading UK companies.