I am now the proud owner of a Tesco Clubcard MasterCard!
This is the highest paying MasterCard or Visa on the market if you want to collect Avios.
Now, of course, that does not mean that it has a great earnings rate. You earn 1 Clubcard point for every £4 you spend, which works out at 0.6 Avios per £1.
Annoyingly, this is calculated on a ‘per transaction’ basis. A £4 transaction gets you 1 point. However, a £7.99 transaction also gets you just 1 point. And any transaction of £3.99 or less earns nothing! It has a big impact on your earnings if you put through lots of small transactions. However, on larger transactions, this is not a major issue.
0.6 Avios per £1 is just about OK. However, remember that you can save your Clubcard vouchers for the next Avios (or Virgin Flying Club) transfer bonus.
Another 40% transfer bonus, for example, would mean you were earning 0.84 Avios per £1, which isn’t bad at all for a MasterCard.
As I now have the card, I am able to refer Head for Points readers. You will receive 1,000 Clubcard points (2,400 Avios / 2,500 Flying Club miles) if you are referred, and I receive 1,000 points for referring you.
Remember that there is NO sign-up bonus if you apply directly, so you should definitely get a referral.
The process for being referred is slightly odd. You need to apply for the card FIRST! Once you have received it, email me at raffles [at] headforpoints.co.uk and I will email or post you a referral form and my card details. You then fill in your card details and post the form to Tesco, who credit the points to your account.
(Slightly sneakily, because you claim your referral points after you have the card, you can still claim 1,000 bonus Clubcard points if you have applied for the card since January 1st 2013! Drop me an email and I will send you the referral form.)