Tesco Bank Foundation Clubcard Credit Card Mastercard
- Collect Tesco Clubcard points on all your spending
- Regular optional credit limit increases if you manage your account well
Helping you to improve and rebuild your credit rating while collecting Tesco Clubcard points on spending.
If you’ve got poor credit and are hoping to improve it, the Tesco Bank Foundation Clubcard Credit Card Mastercard is one of just a handful of “credit building” cards on the market that lets you collect rewards while helping you to improve your credit score. You can collect Tesco Clubcard points as you spend, and you’ll collect these at a higher rate when you shop at Tesco.
Expect to start small with a low, manageable credit limit, which could increase over time if you manage your account well.
Key details
| Issuer | Tesco Bank |
|---|---|
| Network | Mastercard |
| Annual/monthly fees | £0 |
| Balance transfers | 27.542% |
| Balance transfer fee | 3.99% |
| Purchases | 27.542% |
| Purchases interest-free period | Up to 56 days |
| Money transfers | 39.941% |
| Cash advances | 39.941% |
| Min. credit limit | £250 |
| Max credit limit | Subject to status |
| Additional cards available | 3 |
| Incentive | Collect 1 Tesco Clubcard point per £4 spent (£4 minimum) in Tesco and 1 Clubcard point per £8 spent (£8 minimum) outside Tesco in each purchase transaction. Must have available credit to collect Clubcard points. Clubcard points are turned into Clubcard vouchers every 3 months or sooner using Faster Vouchers. Clubcard vouchers can be used in Tesco or with Clubcard Reward Partners to get even more value on dining out, hotel stays and travel. |
| Annual/monthly fees | £0 |
|---|---|
| Balance transfer fee | 3.99% |
| Money transfer fee | 3.99% |
| Foreign usage charge (EU) | 2.75% |
| Foreign usage charge (rest of world) | 2.75% |
| Cash advance fee | 3.99% (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 Age | 18 |
|---|---|
| Minimum income | £5,000 |
| Residency | UK residents |
| Availability | Available to new customers |
How does this card compare with other similar cards on the market?
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 Foundation Clubcard Credit Card Mastercard
If you’ve compared cards and want to apply, completing the secure online application form takes about 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.
*Disclaimer: The offers compared on this page are chosen from a range of products finder has access to track details from and is not representative of all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The use of terms "Best", "Top", "Cheap" including variations, are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.
