|
 Earn Clubcard points at Tesco and everywhere else!
0% on Tesco purchases for 13 months
Buy Now - Pay Later at Tesco Direct for up to 12 months
The Tesco Clubcard credit card could be a very useful money-saver for any Tesco regulars. But if you prefer to buy your groceries from independents there are still some significant benefits if you are planning any purchases of white goods or gadgets.
Tesco offers Clubcard credit card spenders Clubcard points for every pound you spend, and extra points when that spending is at Tesco.
In addition to the Clubcard rewards, there is also a huge 13 months interest free on all purchases at Tesco and Tesco.com, plus an up to 12 months Buy Now - Pay Later deal available on selected items at Tesco Direct (Tesco.com).
Tesco Clubcard rewards
The Tesco Clubcard credit card is an ideal card to have if you already shop at Tesco, even if you are already collecting Clubcard points via the standard loyalty card scheme. If you collect them using the Tesco Clubcard credit card instead, then for the same amount of spending, you will get 25% more points.
Not only that, but you will also be able to earn Clubcard points for non-Tesco spending, at the rate of 1 point for every £4 spent. Every 3 months, you will then receive your Clubcard points in vouchers to spend in store.
Clubcard points can also be used to buy AirMiles at a rate of 60 AirMiles for £2.50 in Clubcard vouchers, or towards discounts on holidays, days out, magazines and a whole host of other goodies.
Apply for Tesco Clubcard credit card 
| Interest Rates and Fees |
| |
|
Notes.. |
| Typical APR |
16.9% APR (variable) |
The typical APR is the rate most people are offered.
|
| Introductory Purchases |
0% for 3 months |
Payments will be applied to introductory rates first. |
| Balance Transfers |
0% for 13 months |
Payments will be applied to introductory rates first. |
| Balance Transfer Fee |
2.5% |
Balance transfers made within the first 11 months of account opening will be subject to a transfer fee. |
| Cash Withdrawal Rate |
24.942% p.a. (variable) |
This is the rate you are charged on balances resulting from using a cash machine, getting cash back at the supermarket or buying foreign money. |
| Cash Withdrawal Fee |
2%
(£2.5 minimum) |
When you use your credit card to get cash you will be charged a 'handling fee' for doing so. |
| Annual Fee |
£0 |
-
|
| Foreign Transaction Fee |
2.75% |
This is fee you will be charged for credit card transactions made abroad.
|
| Rewards |
| |
|
Notes.. |
| Clubcard Points |
Earn Clubcard points at Tesco and on all other purchases |
Earn 5 Clubcard points for every £4 spent at Tesco
Earn 1 Clubcard point for every £4 spent everywhere else. |
| 0% on Tesco Purchases |
0% on Tesco purchases for 13 months |
- |
| Buy Now - Pay Later at Tesco Direct |
Selected purchases at Tesco Direct on 'Buy Now - Pay Later' for up to 12 months. |
- |
| Cardholder Services & Extras |
| |
|
Notes.. |
| Online Account Management |
Yes |
You can log in to a web site and manage your Tesco Clubcard credit card account online. |
| Fraud Guarantee |
Yes |
Guaranteed protection against any fraudulent transactions carried out without your consent, including any Internet fraud. |
| Emergency Card Replacement |
Yes |
Emergency replacement if your card is lost or stolen abroad usually within 48 hours.
Cash advance can be provided too. |
| Other Extras |
Tesco Active Monitoring, Tesco Secure, Fraudsafe Helpline |
- |
| Payments & Payment Details |
| |
|
Notes.. |
| Credit Limit |
£250 minimum |
Credit limit may vary from person to person and is subject to status. |
| Interest Free Period |
Up to 46 days |
For purchases if you pay your balance in full and on time. This is the amount of time you have to clear your balance in full each month before you are charged any interest. There is no interest free period on cash withdrawals, cheques or money transfers or balance transfers outside of the introductory period. |
| Minimum Monthly Payment |
3%
(£5 minimum) |
The minimum monthly payment is the smallest amount you must pay each month (unless your credit card balance is zero). |
| Allocation of Payments |
Interest, Charges, Introductory Rate Balances, Balance Transfers, Purchases, Cash Advances, Money Transfers, Cheques, Tesco 'Buy Now - Pay Later' Balances |
When you make a payment to this card they will be applied in this order, with introductory rate balances being repaid first, then standard rate balances, then cash balances and lastly any Tesco 'Buy Now - Pay Later' balances. |
| Default Charges |
£12 |
This is how much you will be charged for late payments, returned payments and if you go over your credit limit. |
| Card Details |
| |
|
Notes.. |
| Online Application |
Yes |
You can apply online for the Tesco Clubcard credit card. |
| Card Type |
Classic |
-
|
| Payment Company |
MasterCard |
This is the company who provides the payment technology and infrastructure to allow you to use this credit card. retailers and ATM machines displaying the 'MasterCard' logo will accept this card. |
| Card Issuer |
Tesco |
This is the bank behind your credit card. |
| Card Advertiser |
Tesco |
This is the company who advertises and promotes this credit card. |
|
 |
|
Tesco Clubcard Credit Card
| Typical APR |
 16.9% APR |
 |
| Intro Purchases |
| 0% for 3 months |
|
| Balance Transfers |
 0% for 13 months
2.5% transfer fee |
|
| Rewards |
Clubcard Points
Tesco Rate Offers |
|
| Interest Free Period |
| Up to 46 days |
|
| Annual Fee |
| £0 |
|
 |
| You should only apply if you are: |
| • Aged 18 or over |
| • UK resident |
More about Tesco Clubcard credit card...
Interest free purchases
The Tesco Clubcard credit card offers an introductory 3-month 0% period on purchases. In comparison with other cards on the market, 3 months is not that great.
However, any Tesco or Tesco Direct purchases will qualify for a 0% promotional rate for 13 months, which is the longest 0% period available on purchases in the market - albeit slightly restricted to Tesco goods.
And it doesn't end there. Tesco are also offering a 0% interest balance transfer deal for 13 months. Again, this puts it towards the top of the market for balance transfer deals.
There is a 2.5% transfer fee for moving your balance to the Tesco Clubcard credit card, and you should also be aware that any non-Tesco purchases will accrue interest after the first 3 months and your card payments will go towards repaying the 0% balance transfer (and 0% Tesco purchases) first.
To keep away from landing up with interest applicable trapped balances it's advisable to only use this card for Tesco purchases if you are also transferring a balance.
When the interest free periods expire, the standard interest rate of 16.9% p.a. kicks in. This is by no means the lowest rate on the market, but if you use the card wisely after the interest free periods expire, and clear it in full each month, you can still get significant discounts for your purchases at Tesco.
Buy Now, Pay Later
If you use your Tesco Clubcard credit card to make selected purchases at Tesco Direct (which basically means the website), then you can get a buy now pay later deal of up to 12 months.
Any 'Buy Now - Pay Later' balances are shown separately on your credit card statement, and do not affect your minimum repayments or payments made towards other promotional or standard rate balances until such time as the BNPL period finishes, when the balance is rolled into your normal credit card balance.
This is a really good way to buy selected larger items and not have to pay for them for a year. Unfortunately, it is not available on all items, and there seems to be no single list on the website that gives all products currently in this category. You need to search through the products you want until you come to one that's being offered in the BNPL scheme.
Who should have this card
If you are a Tesco-aholic, this is the card for you. It's the fastest way to earn Clubcard points, and thereby get the maximum discount off your shopping simply for changing the plastic you pay with.
If you also have a balance to transfer from another card, then you'll also benefit here too. The Tesco Clubcard credit card also adds extra benefit when transferring a balance for the 0% rate, as this is also combined with 13 months 0% interest on purchases at Tesco.
This card is also good if you're planning a large purchase from Tesco Direct. However, the skill here is to drop on the right product being offered when you're looking for it.
Who shouldn't have this card
Well, if you're a Tesco-hater, you should probably steer clear.
Also, if it's just the balance transfer offer that you're looking at, there are a few better deals on the market, although only by a couple of extra months and with a slightly more expensive transfer fee [compare 0% balance transfer credit cards]. For purchases too, unless you regularly shop at Tesco, there are better deals [compare 0% purchase credit cards].
Summary
The Tesco Clubcard credit card is aimed squarely at Tesco customers. If you know you will use two or three of it's features, e.g. the balance transfer and regular shopping at Tesco, or regular Tesco shopping and occasional large buys from Tesco Direct, this card could become a very useful addition - or even as the main card - in your wallet.
Apply for Tesco Clubcard credit card
What do you think?
Add your own review of the Tesco Clubcard credit card.
Robert writes... 30/01/2008 "The clubcard points make this card worth it, but customer services is seriously lacking in customer service. I have also been mailed a few money-off vouchers for Tesco too." Alison Flower writes... 23/01/2008 "Tesco credit card clubcard points are the best feature of this card, especially when you redeem them for clubcard deals, which makes the points worth about 4 times more."
Tesco Personal Finance
PO BOX 104010
George House
36 North Hanover Street
Glasgow G1 2YF
www.tescofinance.com
|
