Why should you get the Tesco Clubcard Mastercard?
Today, I want to look at the top 10 card benefits you will receive if you apply for a free Tesco Clubcard Mastercard credit card.
Here is the legal information we need to tell you:
Sign-up bonus and earnings rate:
- No sign-up bonus
- Earns 1 Clubcard point per £8 spent
- Points convert at 1:2.5 into Virgin (0.312 per £1)
- Clubcard ceased to be an Avios partner in January 2021
- It remains a Virgin Flying Club partner
- Card can be used in Tesco stores instead of a Clubcard
- Annual fee: Free
Representative 20.9% APR variable
There is no sign-up bonus on the Tesco Clubcard Mastercard
The Tesco Clubcard Mastercard comes in a number of variants. The core version is the ‘Purchases’ card but other versions with different features are available. Full details can be found on the Tesco Bank website. All variants are free and earn Clubcard points at the same rate.
Tesco Clubcard points are very flexible and can be used with a wide range of partners apart from Virgin Flying Club. Other travel partners include Hotels.com and Hilton, where you can redeem your points for 3x face value.
If you are looking for a free Visa or Mastercard credit card to earn Virgin Points, you are substantially better off getting the free Virgin Atlantic Reward Mastercard instead. It earns 0.75 Virgin Points per £1 spent.
The top 10 benefits of 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.
If the information box above shows a higher bonus, you will receive this. The box is automatically updated with the best deal available on the date you are reading this.
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 Virgin Points
One Clubcard points gets you 1p if you cash it in at a Tesco supermarket. Used for frequent flyer miles, you get 2.5 Virgin Points.
However … if you main reason for getting the Tesco credit card is to earn Virgin Points, you shouldn’t. You should apply for the free Virgin Atlantic Reward credit card instead (click here) which earn 0.75 Virgin Points for every £1 you spend.
4. There are plenty of other partners too
As well as Virgin Atlantic, you can use your Clubcard points for lots of other things, including restaurant vouchers and days out vouchers. Other travel partners include Hotels.com and Hilton.
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 Virgin Points, 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.
If you DO want Virgin Points, however, we recommend the free Virgin Atlantic credit card (click here) instead as the earning rate is far higher.
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.
Want to earn more points from credit cards? – October 2021 update
If you are looking to apply for a new credit or charge card, here are our October 2021 recommendations based on the current sign-up bonus.
The following offers will end soon:
- 10,000 Avios on British Airways American Express (ends 2nd November)
- 40,000 Avios on British Airways American Express Premium Plus (ends 2nd November)
- 60,000 points on The Platinum Card from American Express (ends 2nd November)
- 30,000 points on American Express Preferred Rewards Gold (ends 9th November)
Here are the top current deals:
British Airways American Express
10,000 Avios for signing up, no annual fee and an Economy 241 voucher for spending ….. Read our full review
British Airways American Express Premium Plus
40,000 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 – 30,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
60,000 points and an unbeatable set of travel benefits – for a fee 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
60,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios 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: