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Get 2,400 Avios or 2,500 Virgin miles with the FREE Tesco Mastercard

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If you are looking for a way to give your Avios or Virgin Flying Club account a little free boost this Spring, this deal is worth a look.  I mentioned it briefly in my Avios credit card write-up yesterday but I thought it was worth a full article.

Tesco Bank is offering a rare sign-up bonus worth 2,400 Avios on the FREE Tesco Clubcard Mastercard. 

This deal is not being heavily promoted on the Tesco Bank website and only applies to one of the 10 versions of the card.  This is the link you need.

This version of the card has a representative APR of 18.9% variable.  There is no annual fee.

Tesco credit card

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

There are a number of different versions of the Tesco Clubcard Mastercard available.  The 1,000 points is only available with the ‘purchases’ version linked to here.  This also get you 0% interest on new purchases for up to 20 months.

What is your day-to-day earnings rate?

The Tesco Clubcard Mastercard is the most generous FREE Visa or MasterCard for earning Avios points unless you qualify for HSBC Premier.

The earning rate is one Clubcard point per £8 spent.  The ‘per £8’ is on a transaction by transaction basis and rounded down.  A £7.99 purchase earns you nothing.  A £15.99 purchase only earns 1 point.

This means that you receive:

0.125 Clubcard points for £1 which is 0.3 Avios points per £1 spent

When used in Tesco, you get 0.25 Clubcard points per £1, which is 0.6 Avios per £1 spent

The earning rate, before adjusting for rounding, is higher than the Lloyds Avios Rewards Mastercard – which, in any event, is no longer accepting new applicants.  The Lloyds card gives you 0.25 Avios per £1 and has a £24 annual fee.

This card is NOT a good way of earning Virgin Flying Club long term.  You are substantially better off with the new free Virgin Reward Mastercard which earns 0.75 miles per £1.  You can apply for the new Virgin credit card here.

The sign-up bonus is OK

Whether or not you decide that this is your best option for day-to-day Visa or MasterCard spending, you may want to get one purely for the sign-up bonus and the ‘0% interest on new purchases for up to 20 months’ deal.

1,000 Clubcard points are worth 2,400 Avios points or 2,500 Virgin Flying Club miles.

It is not a life changing amount, but still not a bad bonus for a free credit card application.

If you take advantage of the 0% interest deal, you won’t be too bothered about the low Avios earning rate anyway.  The real value in a 0% on purchases deal is to spend up to your credit limit, put enough money in a high interest bank account to cover the bill, hide the card in a drawer and then settle the bill just as the 20 months interest free period is about to end.

(Want to earn more miles and points from credit cards?  Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)

Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history.  By recommending credit cards on this site, I am – technically – acting as a credit broker.  Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.

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Comments

  1. karen green says:

    Its only offering 1000 points when I click through

    • Tony says:

      That’s correct. The offer is for 1000 Clubcard points which you can convert to 2400 Avios/2500 Virgin miles as Rob’s article states.

    • Geoff says:

      Any chance you could be bothered to read the six sentences that start the article? Raffles…. What have you done? :o)

  2. Alex W says:

    Good point about the 0% interest. Can’t understand why that was never emphasised for the Lloyd’s Avios card, which had 29 months interest free on purchases.

    • Peter K says:

      Because most people wanted the upgrade voucher which required £7k of spending per year most likely.

      • Alex W says:

        No reason why you can’t earn the voucher and use the interest free purchases at the same time. In the 2nd year (6 months minimum from taking out the card) ask for a credit limit increase if you’re reaching the limit.

  3. Drolma-la says:

    If I were to cancel the Tesco MasterCard I picked up on a similar deal 18 months ago, how long would it be before I could apply for a new one?

  4. mark2 says:

    OT
    Letter just received from MBNA advising that Virgin co-brand coming to an end. Further information by 15th June.

    • Jonathan says:

      Me too, but i thought it was very badly worded. It effectively says nothing is changing (but I assume that’s only between now and 15 June) and they’ll contact us nearer the time with more details.

      • Catalan says:

        I received my letter this morning and found the wording slightly misleading in that it gives the impression it’s business as usual when we know very well it isn’t.

        • Technically it is, because your account continues …. you just get a bland MBNA card and don’t earn miles any longer!

    • My Virgin MBNA account is showing up some rather long balance transfer deals -0% until October 2020 with 4% fee. Think their logic is to get people transferring large balances across to stop them closing the card.

  5. Anna says:

    I might be missing something but it’s not clear what the deal is for balance transfers? This would be my preference as I put my spend on better earning cards.

    • Lumma says:

      It’s 0% for 3 months on this card for balance transfers. It says in the PDF at the bottom of the Tesco page

  6. JohnT says:

    Is it this same Credit Card that gets you more Tesco clubcard points if you scan it instead of the Clubcard tag (was it to do with Petrol – lost track of original article?)

    • Anne says:

      It is – 1cc point per £ on fuel instead of 1cc point per £2. I signed up for this card a few weeks back when Tesco emailed me the offer and the extra points on fuel are posting fine.

  7. Johnny Tabasco says:

    Got the MBNA letter too.
    Incidentally has anyone received the sign up bonus for the new Virgin cards yet, in fact has anyone had ANY points posted from the new cards yet?!

    • johnny_c-l says:

      I had my statement yesterday and the points, including bonus were on there. Just checked award wallet and they’ve posted today so seems very straightforward with Virgin.

    • TGLoyalty says:

      Yep as above had them in my account 2 days before statement

  8. Genghis says:

    I mentioned this too but my comment was deleted. Also comparison to Tesco debit.

    Rob, are you being a naughty boy and not giving the full facts?

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