The Tesco credit card, which is also called the Tesco Clubcard, is available to residents in the United Kingdom. Offered by Tesco Bank, the card entices store shoppers with attractive features. It can also be used in other locations outside of Tesco. With no annual fee, it is affordable to keep this card. Another advantage Tesco offers is a 0% interest rate on balance transfers for the first nine months after activation. There is a 2.9% fee for transfers. After initially opening an account, cardholders enjoy a 0% interest rate for all purchases made during the first 15 months after activation.
One of the most advantageous aspects of the Tesco credit card is its many spending rewards. For every four pounds spent anywhere, one Clubcard point is earned. Shopping at Tesco with the card earns cardholders this reward on top of regular Clubcard points. After reaching a certain amount, Clubcard points are usable for varying rewards. Fuel rewards are another benefit. Tesco's card boasts double the amount of accumulated points on fuel purchases. However, this provision excludes Esso fuel. When using the card at Tesco Petrol stations, cardholders will receive one point for every pound spent.
By using a Tesco credit card, it is possible to enjoy free air miles. After enough points are accumulated, cardholders may choose to redeem points by requesting a voucher. That voucher may be used to trade for air miles. They are awarded within 28 days of the exchange. Once enough miles are accumulated, Tesco cardholders can enjoy a free flight. Vouchers may also be used to purchase meals from several major restaurants in the United Kingdom. Cardholders also have the choice to exchange vouchers for cinema tickets. Whether for a day of family fun or an entire holiday, vouchers can be used for a wide variety of food and entertainment choices.
The Tesco credit card is also one of the safest available. Boasting both Tesco Secure and Fraudsafe systems, this card has twice as much protection as most store cards. Applying for a Tesco card is fairly simple. The company accepts card applications over the Internet. However, applicants are also welcome to apply for the card in Tesco stores. After submitting the required information, approval is granted or denied quickly. Individuals with decent credit are able to obtain a card. The credit limit and APR rate are determined by credit history. The advertised variable rate for the Tesco credit card is 16.9%, which is extended to creditworthy individuals.