The Tesco Foundation Credit Card targets people looking to improve or build their credit history, particularly if you have a poor or limited credit score.

It offers a representative APR of 29.9% (variable). Starting credit limits range from £200 to £1,500, and the initial monthly repayments can be as low as £25. Make payments on time and manage your account well to be considered for regular limit increases.

You’ll also be able to collect Tesco Clubcard points nearly every time you spend, both in and out of Tesco stores. This feature not only adds value to routine purchases but can help maximise your rewards.

How to Apply: Step by Step

1. Check your eligibility online, which does not affect your credit score.
2. If eligible, fill out the credit card application form with your details.
3. Undergo a full credit check as part of the application process.
4. Wait for approval, which may be subject to your personal circumstances.
5. Once approved, you’ll receive and activate your card to start using it promptly.

Key Advantages

A significant advantage of the Tesco Foundation Credit Card is the opportunity for those new to credit or with a low score to begin building a solid credit record.

Access to Tesco Bank CreditView by TransUnion for three years makes it easy to track and monitor your progress, with helpful updates each month.

Potential Drawbacks

The high representative APR of 29.9% means that carrying a balance can become expensive if you do not pay the card off in full each month.

Additionally, the starting credit limit may be low for some users, and approval is not guaranteed, depending on your financial circumstances.

Verdict

The Tesco Foundation Credit Card is a useful tool for anyone committed to improving their credit profile and seeking steady, achievable rewards along the way.

If you repay on time and manage your spending, this card is a practical entry into responsible credit use, though it’s essential to consider the interest rate before applying.