New 1,000 Clubcard points sign-up bonus on the Tesco Mastercard

For the first time this year, Tesco Bank is offering a sign-up bonus on the Tesco Clubcard Mastercard.

See here for details.

This link was sent to a select number of people by Tesco – this offer does not appear on the main Tesco Mastercard website.  I am confident that anyone who applies via the link above WILL receive the 1,000 points, whether or not they were targetted.

The card has a representative APR of 18.9% variable.

If you apply for the card by 8th June via the link above, you will receive a bonus of 1,000 Clubcard points when you make your first purchase within two months of receipt.  This is worth 2,400 Avios or 2,500 Virgin miles.

You also pay 0% interest on all purchases and balance transfers for 12 months, which effectively means that you can just make the minimum repayment and keep your money earning interest in the bank instead.  The fee for balance transfers is a very low 0.85%.

Based on previous experience, this offer should also work with the 1,000 points ‘refer a friend’ bonus. Once you have received your Tesco credit card (yes, AFTER you have received it!) email me at rob at headforpoints.com and I will send you a refer-a-friend form. Post this back to Tesco and you will get a further 1,000 Clubcard points. I also receive 1,000 points for referring you.

The Tesco Mastercard is, for 99% of people, the best way to collect Avios from a MasterCard or Visa. You earn 1 Clubcard point for every £4 spent – this is calculated on a ‘per transaction’ basis, unfortunately, which is a bit of a swizz and means that your actual earning will be lower than this. However, theoretically you will be getting 0.6 Avios per £1 spent.

(The HSBC Premier Mastercard, reviewed later this week, is better than this, at 1 Avios per £1. However, the card has very restrictive criteria for potential applicants.)

I explore the Tesco credit card in full in my review here.  This is the old 2013 review – I will be writing an updated version in the next few weeks when the ‘Credit Card Reviews’ series cycles around to ‘T’.

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Want to earn more points from credit cards? – April 2024 update

If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.

In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.

You qualify for the bonus on these cards even if you have a British Airways American Express card:

You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.

Earning miles and points from small business cards

If you are a sole trader or run a small company, you may also want to check out these offers:

SPECIAL OFFER: Until 12th May 2024, the Capital on Tap Business Rewards Visa card is offering a bonus of 30,000 points, convertible into 30,000 Avios. You must have a Limited Company to apply. Click here to learn more and click here to apply.

For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.