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Tesco Credit Card Guide
Choosing the correct credit card for your specific needs is crucial so take some time to read through our comprehensive credit card guide and then make an educated decision about what credit card is best suited for your personal needs.
Choosing the right credit card for you
Firstly, deciding what credit card to get is an important decision as many people use credit cards that aren't suited to their needs.
We currently offer three credit cards, each with different benefits:
| Tesco Credit Card | Bonus | Clubcard | Business |
|---|---|---|---|
| Most suited for | Customers who pay interest on their credit card | Customers who want to collect Clubcard points | Sole traders who want to save money on Tesco Petrol and Diesel |
| Interest rate | Typical 15.9% APR variable | Typical 16.9% APR variable | Typical 14.8% APR variable |
| Main card features | Interest Payment Back - Each year we'll calculate how much interest you've paid and on every anniversary of your account opening, we'll give you 1/12th of the interest you've paid back. | The fastest way to collect Clubcard points - You will receive 5 points for every £4 you spend at Tesco or Tesco.com and 1 point for every £4 you spend anywhere else. | You could save 2p per litre on Tesco Petrol and Diesel with the Tesco Fuel Reward and receive Cash flow flexibility - Up to 56 days interest free credit |
Tesco Bonus Credit Card
The Tesco Bonus Credit Card is the only credit card on the market that gives you an interest repayment back to your credit card. Every year as a Tesco Bonus Credit Card holder, we will pay you back a percentage of all the interest you have paid in that year. It's just our way of saying thank you for your loyalty.
Tesco Clubcard Credit Card
The more you use it, the more you get back! - If you pay with your Clubcard Credit Card at Tesco or Tesco.com, We'll give you 5 points for every £4 you spend.
And, every time you spend £4 on your Clubcard Credit Card, anywhere else, we'll give you 1 Clubcard Point.
So what are all the points in aid of, well, at the end of each quarter we'll send you Clubcard vouchers for the points you've collected that you can use in-store to save on your Tesco purchases, on Clubcard Deals - where you'll receive four times their value in Deals Tokens. What are Deal Tokens? These are tokens that can be used on holidays in the UK and abroad, weekend breaks, restaurants, home improvements and many more and finally use your points collected for AirMiles - just £2.50 in Clubcard Vouchers will get you 60 AirMiles, redeemable with more than 100 airlines including British Airways. For more details on how to use your Clubcard Points, check out our Clubcard deals
Buy Now - Pay Later on selected purchases from Tesco Direct. BNPL is exclusive to ALL UK Tesco personal Credit Card holders - COMING SOON
Buy Now - Pay Later enables UK Tesco Credit Card holders to make purchases from Tesco Direct online and over the phone on selected items, interest free for a fixed number of months.
Use your Tesco Credit Card to buy selected items through Tesco Direct and get 0‰ interest with no monthly repayments for 6 or 12 months.
- 0% for 12 months on selected items at Tesco Direct for £500 and above
- 0% for 6 months on selected items at Tesco Direct below £500
- No deposit!
- No monthly repayment required for your Buy Now – Pay Later balance!
You can order goods online at www.tesco.com, at Tesco Direct store desks & over the phone.
Visit Tesco Direct at www.tesco.com to see the range of great value products that you can Buy Now - Pay Later with your Tesco Credit Card.
The offer is only available for customers who hold a current UK personal credit card issued by Tesco Personal Finance, with sufficient remaining credit limit.
At the end of your Buy Now Pay Later Period, the outstanding balance will be treated as a normal purchase balance and charged at your standard purchase interest rate.
Tesco Business Credit Card
Let us help you ease the stresses of your business spending with one account, one balance and great rewards. The Tesco Business Credit Card can give you more control, convenience and flexibility.
Some of the advantages of the Tesco Business Credit Card are that you could save up to 2p per litre on Tesco Petrol and Diesel with the Tesco Fuel Reward, we'll offer you more cash flow flexibility allowing up to 56 days interest free credit, we also offer the option of additional credit cards for employees under the one company account.
Manage your account online with Tesco Credit Card Online and you can take advantage of features such as downloading online account information directly into Excel or other money management software, protection from credit card fraud with FraudSafe, optional Tesco Payment Protection Insurance and optional Commercial Card Protection.
Please note: The Tesco Business Credit Card was created exclusively for Sole Traders. If you are part of a Partnership or Limited Company, you cannot apply. We hope to develop business credit cards for Partnerships and Limited Companies in the future.
Cut the cost of your fuel with the Tesco Business Credit Card
With a Tesco Business Credit Card you could save the equivalent of 2p on every litre of petrol or diesel at Tesco petrol filling stations. And it's easy to do. You don't have to collect coupons or redeem points. Just use your card and we'll do the rest automatically. You'll see your savings coming off your monthly statement balance.
How does it work?
Every time you use your Tesco Business Credit Card you'll receive 1 Reward Point for every £2 you spend, regardless of where you use your card. Every 100 points you collect can cut £1 off your fuel bill. If you use your card for most or all of your business expenses, imagine how fast you could accumulate points.
Each month, your Reward Points are converted into a Fuel Reward. When you buy petrol or diesel at a Tesco Petrol Station, we'll convert your points into savings which will appear on your next monthly statement.
If you or your employees don't use the card at a Tesco Petrol Station in a particular month, we'll roll forward your points until you need to use them.
For example Jim is an independent plumber. Each month he spends £500 on general expenses and £108 filling his tank with petrol (based on 30 litres per week at 90p per litre). He uses his Tesco Business Credit Card for all of his business spending earning a total of 304 points - worth £3.04. This saves him approximately 2p on every litre of petrol.
1 Reward Point is worth 1 pence. Minimum reward cash value is £1. You may forfeit your Reward Points if you close your account. Missing monthly credit card payments may also put your Reward at risk. Reward Points are not Clubcard Points. Your Business credit card is not your Clubcard.
Manage your Tesco Credit Card with Tesco Business Credit Card Online
With Tesco Business Credit Card Online you can access your account any time you want. So you can have all the information you want, when you need it, and you don't have to wait for a statement in the post.
Online access could help save you time and make it easier to sort out your monthly business expenses:
- Access 24 hours a day, 365 days a year
- Download all your information directly into an Excel spreadsheet or other money management software packages.
- See at a glance what you and your employees are spending.
- The service is free, all you need is internet access and to register online.
