Earning Clubcard points and Avios from a Tesco mortgage
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Tesco quietly entered the mortgage market this year. I only mentioned it briefly at the time, but as the product is now better established it is worth taking a look.
(Clearly, there are many factors to consider when taking out a mortgage. Whether or not you will earn Clubcard points should be bottom of your list of considerations!)
The Tesco Mortgages home page with all the headline financial and regulatory detail is here. More interesting is the page on Clubcard earning which is here.
It is all very simple:
You earn 1 point for every £4 of your monthly mortgage payment. This applies to both the capital and interest elements.
You earn 1 point for every £4 of any overpayment you make, as long as it does not fully repay your mortgage
This return would be pointless if the mortgages were badly priced. At the moment, Tesco is competitive. I did a trawl on MoneySuperMarket a week ago. For a remortgage, ranking by ‘lowest initial rate’, Tesco was No 2 at 1.5%. HSBC, which was first, was 1.49% but for a slightly shorter period.
If you were making monthly payments of £1000 you would be earning 250 Clubcard points. This is worth 600 Avios, so about £5-£6 of value. It is not enough to move the needle on which mortgage provider is cheapest.
However, that said, Tesco does appear to have a competitive product and it is worth taking a look alongside other providers.
How to earn Avios from UK credit cards (April 2021)
As a reminder, there are various ways of earning Avios from UK credit cards. Many cards also have generous sign-up bonuses.
There are two official British Airways American Express cards:

British Airways American Express
5,000 Avios for signing up, no annual fee and a companion voucher for spending £20,000 Read our full review

British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review
You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points, such as:

American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review

The Platinum Card from American Express
30,000 points and an unbeatable set of travel benefits – for a fee Read our full review
Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.
If you have a small business, we especially recommend Capital On Cap’s Visa card which comes with a generous bonus worth 10,500 Avios:

Capital On Tap Business Rewards Visa
The most generous Avios Visa or Mastercard for a limited company Read our full review
(Want to earn more Avios? Click here to visit our home page for our latest articles on earning and spending your Avios points and click here to see how to earn more Avios this month from offers and promotions.)
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