Clubcard Credit Card summary
All the features of the Tesco Clubcard Credit Card at a glance
The information contained on this page summarises key product features of your Tesco Clubcard Credit Card and is not intended to replace any terms and conditions.
Our pricing policy
The APR and interest rates we offer are determined by an analysis of your application details along with your credit and repayment history (as verified by independent credit reference agencies).
This analysis may mean that you don't receive the advertised typical APR as detailed in the Summary Box below, though please be advised that over two thirds of our customers will receive our advertised typical APR. If you don't receive the typical APR, the maximum APR you will receive is 19.9% p.a.
All accepted customers will receive the introductory offer of 0% for 6 months on balance transfers and 0% for 12 months on purchases.
Summary box
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
Typical 16.9% APR variable: Rates from 16.9% APR to 19.9% APR depending on individual circumstances
| Interest Rates | Introductory Rate | Monthly Rate | Annual Rate Effective |
|---|---|---|---|
| Purchases | 0% for 12 months from account opening | 1.313% to 1.527% | 16.945% p.a. to 19.944% p.a. |
| Balance Transfers | 0% for 6months from account opening | 1.408% to 1.658% | 18.268% p.a. to 21.814% p.a. |
| Cash Advances | n/a | 1.873% | 24.942% p.a |
| Money Transfers | n/a | 1.313% to 1.527% | 16.945% p.a. to 19.944% p.a. |
Interest Free Period
- Maximum 51 days for purchases if you pay your balance in full and on time, and have paid the previous month’s balance in full and on time.
- There is no interest free period on cash advances or money transfers.
- Interest free period on balance transfers only applies during the introductory period.
Interest Charging Information
You will not pay interest on new purchases if you pay your balance in full and on time. Otherwise, the period overwhich interest is charged is as follows:
| Service | From | Until |
|---|---|---|
| Purchases | From transaction date | Until repaid in full¹ |
| Cash advances | From transaction date | Until repaid in full |
| Balance transfers | From transaction date | Until repaid in full¹ |
| Money transfers | From date debited to your account | Until repaid in full¹ |
If the account is not fully cleared, interest will be charged on the average daily balance until full payment is made and credited to your account. Therefore, the longer you take to make a payment, the more interest will be charged.
¹ If you pay the balance in full, any interest charge for the period from the previous statement to the date of full repayment will be debited the following month.
Allocation of Payments
We will apply payments we receive to your account in the following order:
- Interest on special offers (excluding Tesco Buy Now – Pay Later)
- Other interest, any fee and charges
- Special Offers
- Balance Transfers, Purchases and Promotional Cheques
- Cash Advances and Money Transfers
- 'Tesco Buy Now – Pay Later' special offers shown on any statement
See section 2(D)(b) in your Credit Card Agreement for full details.
Minimum Repayment
3% of outstanding balance (excluding 'Tesco Buy Now – Pay Later' promotional offers) or £5.00, whichever is more.
Credit Limit
| Minimum credit limit | £250 |
|---|---|
| Maximum credit limit | Subject to status |
Fees
No annual fees
Charges
| Cash advances | 3.0% handling fee, minimum of £3.00 |
|---|---|
| Balance Transfers | 2.0% handling fee during the first 4 months from account opening |
| Foreign exchange | 2.75% exchange fee (including purchases of foreign currency and travellers' cheques). |
| Cheque (payable to us) or Direct Debit cannot be paid | £12.00 |
| If we return a promotional cheque unpaid | £12.00 |
Default Charges
- Late Payment fee : £12.00
- Over-limit fee : £12.00