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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Want to earn more points from credit cards? – August 2021 update
If you are looking to apply for a new credit or charge card, here are our August 2021 recommendations based on the current sign-up bonus.
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the other top current deals:
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
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
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and the most generous non-Amex for day to day spending 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.
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
British Airways Accelerating Business American Express
Earn both Avios and BA On Business points with your business spending Read our full review
Capital On Tap Business Rewards Visa
The most generous Avios Visa or Mastercard for a limited company 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: