Tesco Bank Clubcard Credit Card for 28 Months Balance Transfer Mastercard review

Tesco Bank Clubcard Credit Card for 28 Months Balance Transfer Mastercard
Tesco Bank Clubcard Credit Card for 28 Months Balance Transfer Mastercard

Transfer your existing credit card balance and enjoy a rate of 0% for 28 months reverting to 21.814%.

Here’s everything you need to know about the Tesco Bank Clubcard Credit Card for 28 Months Balance Transfer Mastercard – from rates and fees through to eligibility criteria. And if you’re still not sure if it’s the right card for you, you can compare similar cards from other providers.

Key details

IssuerTesco Bank
NetworkMastercard
Annual/monthly fees£0
Balance transfers0% for 28 months reverting to 21.814%
Balance transfer fee2.98% for 28 months reverting to 3.99% (min. £3)
Purchases0% for 3 months reverting to 19.944%
Purchases interest-free periodUp to 56 days
Money transfers0% for 28 months reverting to 21.814%
Cash advances24.942%
Min. credit limit£250
Max credit limitNot specified
Additional cards available1
Incentive1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.
Annual/monthly fees£0
Balance transfer fee2.98% for 28 months reverting to 3.99% (min. £3)
Money transfer fee3.99% (min. £3)
Foreign usage charge (EU)2.75%
Foreign usage charge (rest of world)2.75%
Cash advance fee3.99% (min. £3)
Late payment fee£12
Duplicate statement fee£0
Exceeding limit fee£12
Additional card fee£0
Replacement card fee£0
Dormancy fee£0
Minimum Age18
Minimum income£5,000
ResidencyUK residents
AvailabilityAvailable to new customers
Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a., your representative rate is 19.9% APR (variable).

Pros and cons

Pros

  • Earn Tesco Clubcard points on purchases.
  • 0% interest on balance transfers for an introductory period.
  • 0% interest on money transfers for an introductory period.
  • No annual fee.

Cons

  • Foreign transaction fees.
  • Balance transfer and money transfer fee.

How does this card compare with other similar cards on the market?

Comparison ordered by representative APR with affiliated products shown first.
Updated July 18th, 2019
Name Product Balance transfers Balance transfer fee Purchases Rep. APR Incentive Representative example
0% for 12 months reverting to 19.9%
3% (min. £3)
19.9%
19.9% p.a. (variable)
Earn Asda vouchers every time you shop - 1% cashback on all Asda spend, 0.2% on all other transactions and 10% on selected insurance products. Once £2.5 is earnt a voucher can be downloaded to spend in Asda stores.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 23 months reverting to 19.9%
0% for transfers in first 3 months
0% for 3 months reverting to 19.9% p.a. (variable)
19.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 23 months reverting to 19.9%
0% for transfers in first 3 months
0% for 3 months reverting to 19.9% p.a. (variable)
19.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 20 months reverting to 19.9%
2.9% (min. £5)
0% for 20 months reverting to 19.9%
19.9% p.a. (variable)
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 12 months reverting to 15.9%
0% for 3 months reverting to 2.4% (min. £5)
0% for 12 months reverting to 15.9%
15.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a., your representative rate is 15.9% APR (variable).
0% for 12 months reverting to 17.9%
0% for 3 months reverting to 2.4% (min. £5)
0% for 12 months reverting to 17.9%
17.9% p.a. (variable)
Customers will be able to earn commission-free purchases abroad by using their Credit Card each time they make a purchase in Sterling. The calculation will be based on a 5:1 ratio - for example, £5 spent in Sterling will earn an allowance of £1 commission free-purchases abroad. Purchases abroad beyond the earned amount will be charged 2% commission.
Representative example: When you spend £1,200 at a purchase rate of 17.9% (variable) p.a., your representative rate is 17.9% APR (variable).
0% for 12 months reverting to 11.9%
3% (min. £3)
0% for 26 months reverting to 18.9%
18.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
0% for 12 months reverting to 18.9%
3% (min. £3)
18.9%
18.9% p.a. (variable)
1 IHG Rewards Club point for every £1 spent in the UK.
2 IHG Rewards Club points for every £1 spent at any IHG location in the UK.
2 IHG Rewards Club points for every £1 spent abroad.
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
0% for 18 months reverting to 18.9%
0% for 18 months reverting to 3% (min. £5)
0% for 3 months reverting to 18.9%
18.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
0% for 18 months reverting to 18.9%
2.9% (min. £5)
0% for 9 months reverting to 18.9%
18.9% p.a. (variable)
Earn 1 point for every £1 spent in store or online at John Lewis, Waitrose and John Lewis Insurance. Earn 1 Point for every £2 spent elsewhere. Vouchers issued once customer reaches 500 points in Feb, Jun or Oct when vouchers are automatically issued to customers. Every 500 points is worth £5.
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).

Compare up to 4 providers

Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0345 300 4278), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:
Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the Tesco Bank Clubcard Credit Card for 28 Months Balance Transfer Mastercard

You can apply for this card online in around 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible. If you’re looking to take advantage of the introductory rate on balance transfers, you’ll be asked during the application process if you’d like to bring a balance across.

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4 Responses

  1. Default Gravatar
    MikeMarch 24, 2019

    Can you tell me which credit cards permit a monthly payment in full by direct debit? Do Tesco cards allow this?

    • Avatarfinder Customer Care
      ChrisMarch 28, 2019Staff

      Hi Mike,

      Thanks for your question about Tesco credit cards. You can indeed arrange to pay your bill in-full or in-part each month by direct debit.

      You’re actually not the first person to ask, so we’ve published a full list of the cards currently available in the UK with the direct debit repayment options for each.
      https://www.finder.com/uk/pay-your-credit-card-bill-by-direct-debit

      Cheers,
      Chris

  2. Default Gravatar
    MaureenAugust 23, 2018

    Will I be accepted for a balance transfer of £5000 with Tesco?

    • Avatarfinder Customer Care
      JhezSeptember 1, 2018Staff

      Hello Maureen,

      Thank you for your comment.

      The approved credit limit is determined by Tesco and may vary subject to your individual circumstances. With Tesco, you’re allowed to transfer up to 95% of your available credit limit.

      Therefore, we can’t say that you’ll be accepted for a balance transfer of £5000 since this will depend on your approved credit limit.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

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