Get 0% interest and NO balance transfer fee on the Tesco Clubcard credit card
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The credit card coverage on Head for Points is focussed almost entirely on the ability to earn miles and points. I do not focus on interest rates or, in the main, quality of customer service.
That said, it is worth highlighting a (new?) variant of the Tesco Clubcard Mastercard that has popped up on their website.
The representative APR on the Tesco Clubcard card is 18.9% variable.
If you scroll down to the 3rd card variant on that page, you will see that Tesco is offering balance transfers from existing credit cards with NO FEE. The transferred balance will then incur 0% interest for the first 10 months.
To be honest, if you run a balance on your credit cards then you should be focussing on obtaining a low interest rate and NOT taking out additional cards to take advantage of sign-up offers.
This is not a bad deal, though, for people who do have a balance. You do not earn any Clubcard points (so no Avios) on the balance you transfer however.
Going forward, the Tesco credit card earns 1 Clubcard point (2.4 Avios, 2.5 Virgin Flying Club miles) for every £4 you spend. This is calculated on a ‘per transaction’ basis so a spend of £6 only earns 1 point. Unless you meet the strict criteria for the HSBC Premier credit card, the Tesco card is highest earning Visa or Mastercard for Avios points.
There is no sign-up bonus for opening a Tesco Clubcard Mastercard. However, once it arrives, you can claim 1,000 Clubcard points (2,400 Avios points) via their refer-a-friend scheme. Send me an email at rob at headforpoints.com when you get your card and I will send you the refer-a-friend form.
Want to earn more points from credit cards? – March 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:
Barclaycard Avios Plus Mastercard
Get 25,000 Avios for signing up and an upgrade voucher at £10,000 Read our full review
Barclaycard Avios Mastercard
5,000 Avios for signing up and an upgrade voucher at £20,000 Read our full review
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.
British Airways American Express Premium Plus
25,000 Avios and the famous annual 2-4-1 voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & four airport lounge passes Read our full review
The Platinum Card from American Express
40,000 bonus points and a huge range of valuable benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 bonus points and 1.5 points for every £1 you spend Read our full review
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: You receive a huge 120,000 Membership Rewards points if you apply for American Express Business Platinum by 9th April 2024. You receive 80,000 points for spending £12,000 within 90 days and a further 40,000 points if you retain the card for 14 months. Click here to apply.
SPECIAL OFFER: You receive 60,000 Membership Rewards points if you apply for American Express Business Gold by 9th April 2024. Remember that the card is FREE for the first year. You receive 40,000 points for spending £6,000 within 90 days and a further 20,000 points if you retain the card for 14 months. Click here to apply.
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
American Express Business Platinum
Crazy 120,000 points bonus (to 9th April) and an annual £200 Amex Travel credit Read our full review
American Express Business Gold
Huge 60,000 points sign-up bonus (until 9th April) and free for a year Read our full review
Capital On Tap Business Rewards Visa
Get a 10,000 points bonus plus an extra 500 points for our readers Read our full review
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.
Barclaycard Select Cashback credit card
2% cashback on all your business spend for 3 months (1% thereafter) and no annual fee Read our full review
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