MoneySavingExpertTesco Bank to raise minimum repayments by average £20/month for up to 125,000 customers

January 29, 2021by Jay Shah
Up to 125,000 Tesco Bank credit card customers could see their minimum repayments rise by £20 a month on average from March, in a move the lender says is a bid to combat persistent debt. For many, higher repayments are a good thing, as you clear debt quicker and pay less overall, but it can also hit cashflow and give you less flexibility. Here’s what’s happening and what to do if you’re struggling
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