Hints & Tips

The Clubcard Credit Card - the key features...

We don't want you to be confused by the small print.

Here are the key features of the Tesco Clubcard Credit Card at a glance.

Read the Terms and Conditions.

Tesco 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 you don't receive the advertised typical APR as detailed in the Summary Box below. Over two thirds of our customers do receive the advertised typical APR. If you don't receive the typical APR, the maximum APR you will receive is 19.9%.

All 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.

APR Typical 16.9% APR (variable)
Rates from 16.9% APR to 19.9% APR depending on individual circumstances
Other 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.
Cash Advances n/a 1.873% 24.942% p.a
Balance Transfers 0% for 6 months from account opening 1.408% to 1.658% 18.268% p.a. to 21.814% p.a.
Money Transfers n/a 1.313% to 1.527% 16.945% p.a. to 19.944% p.a.
Buy Now Pay Later purchase transactions 0% for 6 months from date of transaction 1.313% to 1.527% 16.945% pa to 19.944% pa
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 over which interest is charged is as follows:

Service From Until
Purchases From date debited to your account Until repaid in full¹
Cash advances From date debited to your account Until repaid in full
Balance Transfers From date debited to your account 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:

  1. Interest on special offers (excluding 'Tesco Buy Now Pay Later')
  2. Other interest, any fee and charges
  3. Special Offers
  4. Balance Transfers, Purchases and Promotional Cheques
  5. Cash Advances and Money Transfers
  6. '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. If you only make the minimum payment it will take you longer and cost more to clear your balance.
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).
If we return a promotional cheque unpaid £12.00
Default Charges
Over-limit fee £12.00
Late Payment fee £12.00
Cheque (payable to us) or Direct Debit cannot be paid £12.00

If you have any queries on the above, or require any further information, simply call 0845 300 4278 and one of our advisors will be pleased to help you.

  • Apply now for a Tesco Clubcard Credit Card