Tesco Finance has increased its 0%-on-purchases credit card deal from 13 to 15 months on the popular Clubcard MasterCard.
Since February, Marks & Spencer has offered a 0%-on-purchases deal of 15 months, beating Tesco’s previous 0% purchase deal of 13 months. By increasing its interest-free period to 15 months, Tesco now takes joint first place.
Which credit card to choose?
There is little difference between both cards in terms of APR – M&S charges 15.9% and Tesco 16.9%. For customer satisfaction, both providers score well and qualify as Which? Recommended Providers. The biggest difference between both retailers is what is offered with their reward schemes.
Which? credit expert Martyn Saville commented: ‘If you are looking for a generous 0% purchase deal, there isn’t much in it between Tesco and M&S other than your shopping preferences – retailer-branded credit cards nearly always offer extra points for shopping in their own stores, so choose your favourite from the two.
‘Don’t use either card for long-term borrowing though – it’s best to either pay off the bill in full at the end of the 15-month period, or to transfer it to a Best Rate 0% balance transfer card. Always set up a direct debit for the minimum monthly repayment, and make sure your credit file is in good shape before applying, as most deals are only available to people with a good credit history.’
Save money by switching credit cards
To find out how much money you could save by switching to a new credit card, try out the free Which? credit card switching calculator. You can then find the best deals by reading the Which? 0% balance transfer credit card reviews and our reviews of the best credit cards for using abroad.
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