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Tesco to pay stamp duty on its credit cards

Tesco Personal Finance is to pay the €40 government stamp duty on new Tesco Visa credit cards, as part of an initiative to attract new Tesco Visa customers.

The company is also offering two other financial savings including a special introductory APR of 1.6% for the first six months and Tesco Clubcard points on transactions.

Fay Hogg, marketing manager for Tesco Personal Finance said: 'It has always been our policy to offer value-for-money, straight forward financial products and this has worked in Ireland since we entered the market three years ago.'