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:
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Car insurance
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Pet insurance
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Travel insurance
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Home insurance
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Health insurance
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Dental insurance
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Car warranty plan
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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:
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Home loans
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Auto loans
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Travel loans
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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.
Tesco Finance: Travel
Tesco Finance also offers financial services for travelers to guarantee monetary relief in any foreign destination. These services include:
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Tesco Travel Money card available in US dollar and euro versions.
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Travel Money for currency conversion at best rates.
An innovative product range and online compatibility has earned Tesco Finance a vast customer base across the UK and Ireland.