Tesco Clubcard Credit Card
The Tesco Clubcard loyalty scheme is probably the most popular program of its kind in the UK, which is perhaps not surprising given the dominance of Tesco in the retail market. Clubcard members receive a point for every pound they spend in Tesco outlets, which are saved up and redeemed in the form of vouchers for spending at Tesco.
The new Clubcard Credit Card lets members earn their points even faster, with a bonus point earned for every £4 you spend using the card - which means 5 points for every £4 you spend if you use your card at Tesco itself. Points earning is not limited to the supermarket though, as purchases at any outlet earn at the same rate of 1 point per £4 spent.
It's not just about Clubcard points though, although in fairness it's only this feature that makes the card stand out. Other benefits are pretty middle of the road - a 16.9% typical APR standard rate, 0% on transferred balances for 14 months, plus 0% on purchases for six months.
Clubcard Credit Card : At a Glance
| Standard Rate: | 16.9% typical APR (variable) |
| Balance Transfer Deal? | 0% APR for 14 months |
| Purchases Deal? | 0% APR for six months |
| Balance Transfer Fee: | Balance transfers subject to a handling fee of 2.9% |
| Maximum Balance Transfer Fee: | Unlimited |
| Introductory Cashback | |
| Standard Cashback | - |
| Rewards Program? | Tesco Clubcard points |
| Annual Fee: | - |
| Interest Free Period: | Up to 46 days for purchases. No interest free period for cash advances, cheques or money transfers. Balance transfers only interest free within the introductory offer period. |
| Minimum Repayment: | 3% or £5, whichever is more |
| Minimum Credit Limit: | Credit limit assigned at account opening. Minimum limit £250 |
| Maximum Credit Limit: | £5,000 |
| Notes: | Card offered by Tesco Personal Finance, the main features being 0% intro rates on transfers and purchases, plus Clubcard points earned on your spending. |
