Tesco Bank Clubcard Plus Credit Card review 2021

If you're a Clubcard Plus subscriber, this card can offer you fee-free spending overseas, 24 months of 0% interest on purchases and Clubcard Points on all of your day-to-day spending.

You say: ★★★★★We say: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a. with a fee of £7.99 per month, your representative rate is 37.7% APR (variable).

37.7%

Representative APR

24 months

0% interest on purchases

0%

Foreign transaction charge

Up to 56 days

Interest-free each billing period

Details

IssuerTesco Bank
NetworkMastercard
Annual/monthly fees£7.99 per month
Balance transfers21.814%
Balance transfer fee3.99%
Purchases0% for 24 months reverting to 19.944%
Purchases interest-free periodUp to 56 days
Money transfers21.814%
Cash advances24.942%
Min credit limit£100
Max credit limitSubject to status
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. Card can also be used as a Clubcard to collect standard points at 1 point per £1 spent on shopping and 1 point per £2 spent on fuel. Points are converted to Tesco vouchers which can be used towards shopping or exchanged for Partner Rewards.

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.

Expert review

For those who haven’t heard of it, Clubcard Plus is Tesco’s equivalent of Amazon Prime. You pay a monthly fee and, if you’re a regular enough customer, it could save you money.

You need to be a Clubcard Plus subscriber to apply for this card. Provided that’s you, this card has an impressive amount to offer. Its most significant benefit is perhaps the fee-free non-sterling transactions, which most cards would charge around a 3% commission for. Next up is 24 months of 0% interest on purchases. Put these two benefits together and you’ve got a great way to spread out the cost of a large expenditure like, say, a holiday. It’s also a sensible credit card to take with you on holiday.

Another significant perk is the opportunity to earn Clubcard Points on all your spending. You’ll get 1 point per £4 spent in store and 1 point per £8 spent elsewhere.

As you can probably tell, this card is really one for the existing Tesco devotees. On its own, it probably doesn’t offer enough to be able to justify taking on the £7.99 monthly cost of Clubcard Plus. But if you’re already in the Clubcard Plus ecosystem, the card offers hard-to-beat versatility and, if used correctly, it could cost you nothing to keep. In fact, it’s worth noting that the card’s advertised representative APR looks high (potentially high enough to put some people off), but that’s actually because it factors in the cost of your monthly Clubcard Plus subscription fee.

Similarly, if you always go to Tesco for your weekly shop and you already stand to benefit from the perks that the Clubcard Plus programme has to offer, then this card could well be good enough to make your mind up.

The Tesco Bank Clubcard Plus Credit Card is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.

Pros and cons

Pros

  • Two years to spread the cost of purchases
  • Avoid currency conversion charges when spending abroad
  • Earn Clubcard points on day-to-day spending

Cons

  • £7.99 monthly account fee
  • Relatively high balance transfer fee
  • Relatively high money transfer fee
  • You may be offered an opening credit limit as low as £100

How does it compare?

Tesco Bank’s card

Name Product Foreign transaction fee Purchases rate Initial credit limits Rewards earn rate Representative APR Representative example
Tesco Bank Clubcard Plus Credit Card Mastercard
0%
0% for 24 months reverting to 19.944%
Min. limit £100, max. limit not specified.
1 point per £4 spent with selected partners
1 point per £8 spent elsewhere
37.7% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a. with a fee of £7.99 per month, your representative rate is 37.7% APR (variable).
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Other cards offering fee-free spending abroad

Table: sorted by representative APR, promoted deals first
Name Product Foreign transaction fee Purchases rate Initial credit limits Rewards earn rate Representative APR Representative example
The Royal Bank Credit Card (existing customers only)
0%
12.9%
Min. limit £250, max. limit not specified.
N/A
12.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
The NatWest Credit Card (existing customers only)
0%
12.9%
Min. limit £250, max. limit not specified.
N/A
12.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
Santander All in One Credit Card
0%
0% for 20 months reverting to 17.9%
Min. limit £500, max. limit not specified.
0.5% cashback
23.7% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 17.9% (variable) p.a. with a fee of £3 per month, your representative rate is 23.7% APR (variable).
Bip Credit
0%
29.95%
Min. limit £250, max. limit not specified.
N/A
29.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 29.95% (variable) p.a., your representative rate is 29.9% APR (variable).
Ulster Bank Credit Card Mastercard
0%
12.9%
Min. limit £350, max. limit not specified.
N/A
12.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
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Compare up to 4 providers

Approval for any credit card will depend on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

How to apply for the Clubcard Plus Credit Card

You can apply for this card online in a matter of minutes. First, you'll need to log into your Clubcard Plus account. You'll then be prompted to provide three years of address history and details about your income and outgoings. You'll usually get an instant decision on your application and, if successful, will receive the physical card within two weeks.

Repayment options

You can make manual repayments through Tesco Bank's app, by logging in to your online banking or over the phone (0345 300 4278). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) 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

What happens if I unsubscribe from Clubcard Plus?

If you cancel your Clubcard Plus subscription, your card will still remain active for at least 12 months. Ultimately, you’ll need to close the account, but you have a decent buffer period to arrange an alternative or to clear your balance.

Frequently asked questions

What credit limit will I get with the Tesco Bank Clubcard Plus Credit Card?

If Tesco Bank is able to offer you this deal, the offer will specify a personalised credit limit based on Tesco Bank's assessment of your situation. The minimum limit offered on this card is £100 and Tesco Bank does not specify a maximum. Once you've had the card for a while and shown Tesco Bank that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Tesco Bank Clubcard Plus Credit Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Tesco Bank Clubcard Plus Credit Card is 3.99% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a rather painful fee of £9.98.

The interest rate on this part of your balance will be 24.94% (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

What is the minimum payment on the Tesco Bank Clubcard Plus Credit Card?

Each month you must pay at least 1% of your balance at that point or £25.00 – whichever of the two figures is greater. So if you had, say, £2,450.00 outstanding, you'd pay £25.00, and if you had £10,000.00 outstanding, you'd pay £100.00.

Paying only the minimum required amount each month is generally not advisable as it makes it much harder to get debt-free before that introductory 0% period expires.


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Our team evaluates credit cards to determine their value against similar products on the market.

We look at the how good the card is for its designated purpose – spending abroad, clearing debt, earning air miles, etc – how costly it is to use day-to-day and whether it offers much in the way of extras. Learn more about our credit card rating methodology.

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