Approval for any credit card will depend on your status. The APR shown represents 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 credit card Clubcard points
Tesco Bank's credit card rewards scheme: Learn how to earn and spend Clubcard points, where you can redeem points and the pros and cons.
Tesco Bank offers a range of rewards credit cards that allow you to collect additional Clubcard points along with your regular Tesco Clubcard. You can redeem these point on your next shop or you can spend them on holidays, meals out, leisure attractions and more with its partners.
Tesco Bank credit card points and regular Clubcard points
Your Tesco Bank credit card is considered your Clubcard, so there’s no need to swipe both at the till.
With most Tesco Bank credit cards, you receive 1 point per £4 spent in a Tesco store or online, in addition to the standard Clubcard rewards system of 1 point for every £1 spent. So for every £4 spent in Tesco, you could receive a total of 5 points. With this earn rate, to obtain 150 points (£1.50 voucher), you would need to spend £120 with Tesco.
Alternatively, if you use your credit card for purchases elsewhere, you will receive 1 point per £8 spent.
Tesco Bank offers Premium, World, Classic and Platinum credit cards with higher earn rates, such as 1 point per £1 or £2 spent. However, these are unavailable to new customers and may only be offered to you once you have banked with Tesco for some time and meet other criteria.
How do you redeem Tesco Clubcard points?
Every three months, your points automatically get turned into vouchers that you can spend at tesco.com, in store, on Tesco fuel or with one of the Clubcard Reward Partners. They will usually be sent to you in February, May, August and November.
Most of the reward partners accept Clubcard vouchers, which you can change into partner vouchers. However, if you want to spend your points on British Airways or Virgin Atlantic holidays or flights, you will need to convert your Tesco vouchers into either Avios or Virgin Atlantic Flying Club Miles currency respectively. (At time of writing, you can exchange £150 in Clubcard vouchers for 36,000 Avios or 37,500 Virgin Atlantic Flying Club miles).
Tesco Clubcard vouchers usually have an expiry date of two years. However, if you exchange your Clubcard vouchers to partner vouchers, these are usually only valid for a much shorter period.
Tesco Clubcard Plus
In October 2019, Tesco launched Clubcard Plus, a subscription-based scheme that offers additional Tesco benefits. Clubcard Plus works from the Tesco app and costs £7.99 a month. You’ll still earn your regular Clubcard points, but you’ll also get:
- 10% off 2 shops a month. Up to a maximum of £200 each (£40 discount a month). It only applies to in-store shops, not online.
- 10% off on all Tesco brands. All the time. There is no maximum spend limit, but again, you need to do your shopping in-store.
- Double your mobile data on Tesco Mobile. So for example, if you’re on a 4gb monthly deal with Tesco Mobile, you’ll get 8gb instead.
These benefits can be worth way more than your monthly subscription, but only if you use them constantly. Tesco says you can unsubscribe anytime, so you can also give it a go for a couple of months and then decide if it’s worth keeping it up.
Just be careful because you’ll only make the most of it if you do two big shoppings a month – you won’t get good value for money if you shop regularly but always spend small amounts.
Tesco Clubcard Plus credit card
Tesco has also announced a Clubcard Plus credit card for 2020. It will be an exclusive deal for Clubcard Plus subscribers and, while we don’t have all the details yet, we know it will offer 12 months interest-free on purchases and that, unlike the rest of Tesco’s credit cards, it won’t charge any foreign transaction fees.
It’s too early to say whether it will make a good deal or not, but if you’re considering Clubcard Plus, it’s worth keeping an eye on its credit card too when it launches.
Pros and cons
- Automatic points redemption every three months
- Large choice of reward partners
- Only need credit card instead of carrying additional Clubcard
- Keep track of your points and redeem faster on the Clubcard app
- Can open up to two Tesco Bank credit cards
- Accepts additional cardholders
- Low earn rate
- Reduced earn rate on non-Tesco purchases
- Clubcard points can’t be collected on travel money
- Limit of 30,000 points per collection period (3 months)
- Restrictions on some Tesco purchases (points can’t be collected on tobacco, lottery, stamps, prescription medicine, gift card and infant formula)
Compare credit cards that earn Clubcard reward points
Who are Tesco Clubcard’s partners?
The good news is that you don’t just have to spend your rewards at Tesco as you can redeem your points on a range of more exciting treats, such as meals, days out or even travel abroad.
Tesco Clubcard points are converted into vouchers, which you can spend at a wide selection of travel, restaurant, leisure and lifestyle partners. Alternatively, you can exchange vouchers into other points currencies, such as Avios or Virgin Atlantic Flying Clubcard miles.
Ask an Expert