Why should you get the Tesco Clubcard Mastercard?
Today, in our ‘Top 10 Reasons’ series, I want to look at the top 10 reasons to apply for a free Tesco Clubcard Mastercard credit card.
If you want to check your credit record before applying for a new card, click here to get your free Experian Credit Score.
The serious legal stuff about the Tesco Clubcard Mastercard:
You can apply here: Tesco Clubcard Mastercard application form
What does it cost? No annual fee
What is the interest rate? The representative APR is 19.9% variable if you get the ‘Purchases’ version of the card.
The top 10 reasons to get the Tesco Clubcard Mastercard credit card:
1. There is an occasional sign-up bonus of 1,000 Tesco Clubcard points
Once or twice each year, Tesco offers a bonus of 1,000 Tesco Clubcard points when you sign up for the Tesco Clubcard Mastercard and make your first purchase.
Outside of these periods, there is no sign up bonus.
2. You receive one Tesco Clubcard point for every £8 you spend on the card
This is on top of the standard Clubcard points you would earn whilst spending in a Tesco supermarket or petrol station.
3. Tesco Clubcard points convert into Avios or Virgin Flying Club miles
One Clubcard points gets you 1p if you cash it in at a Tesco supermarket. Used for frequent flyer miles, you get 2.4 Avios or 2.5 Virgin Flying Club miles.
4. There are plenty of other partners too
As well as British Airways and Virgin Atlantic, you can use your Clubcard points for lots of other things, including restaurant vouchers and days out vouchers.
5. Your Clubcard points are valid for two years, so you have no pressure to convert
You do NOT need to decide each quarter what to do with your Clubcard points. They last for two years, so you can sit on them until a suitable opportunity to use them with a partner comes along.
6. You get 0% interest on purchases for the first 26 months
This is effectively free money, since you can keep the money you would otherwise have used to settle your card bill in the bank, earning interest, for up to 26 months.
7. The card is free for life
The Tesco Clubcard Mastercard credit card is free for life.
Other cards with annual fees may offer better earning rates but, unless you are a very heavy spender, you will often struggle to justify the fee from the extra miles earned.
8. There are various versions of the card, each with different benefits
This article focuses on the ‘Purchases’ version of the card. Other versions offer a low interest rate, a special deal on balance transfers and various other features. All versions earn Clubcard points and you can pick the one best suited for your circumstances.
9. As a Mastercard, it is far more flexible than an Amex card
Many of the travel rewards credit cards we cover are American Express cards. The problem with these is that they are not universally accepted.
As a Mastercard, the Tesco Clubcard credit card is accepted virtually everywhere that cards are taken.
10. You don’t need a high income to apply
There is no minimum income requirement.
The Tesco Clubcard Mastercard is a decent card, given that it has no annual fee. As well as earning you Avios or Virgin Flying Club miles, you have the option of converting your points into something completely different if your plans change. This makes the card more valuable than a dedicated airline credit card.
You can sign up for the Tesco Clubcard Mastercard credit card on the official website here.
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.