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.
Tesco Bank Clubcard Plus Credit Card review 2022
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: ★★★★★
Doing its job: 4.5/5
In a nutshell:
0% interest on purchases
Foreign transaction charge
Up to 56 days
Interest-free each billing period
|Annual/monthly fees||£7.99 per month|
|Balance transfer fee||3.99%|
|Purchases||0% for 24 months reverting to 19.944%|
|Purchases interest-free period||Up to 56 days|
|Minimum credit limit||£100|
|Maximum credit limit||Subject to status|
|Additional cards available||1|
|Incentive||1 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.|
|Travel incentive||No cash advance fee and no handling fee on Tesco Travel Money.|
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.
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.
Pros and cons
- Customers report excellent customer service when dealing with Tesco Bank
- Two years to spread the cost of purchases
- Avoid currency conversion charges when spending abroad
- Earn Clubcard points on day-to-day spending
- £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
Other cards offering fee-free spending abroad
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.
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 2 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.