Tesco Car Insurance cashback offer

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Tesco Car Insurance cashback offer

Tesco Personal Finance has announced the launch of a special offer aimed at easing the financial burden on drivers during the credit crunch.

The supermarket bank said that customers signing up to its car insurance policies before February 4th will receive £50 cashback.

Policy holders will have to pay their premiums for one and a half months before they will qualify for the cashback, which will be sent to them in the form of a cheque.

Allan Burns, head of Tesco Car Insurance, said: "We know times are tough and an extra £50 cash will no doubt come in handy."

Earlier this month Tesco reported that sales over the Christmas period were the weakest recorded since the last recession.

While like-for-like sales continue to rise, the supermarket's decision to offer more products as part of its budget ranges may have hit profit margins, according to some analysts.

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