Tesco offers 1,000 Clubcard points with new 0% credit card


Updated on 08 October 2014 | 0 Comments

Take out and spend on a new Tesco 0% card and your Clubcard points will be boosted – but is the card any good?

Tesco has launched a new 0% purchases credit card offering 1,000 Clubcard points if you make a purchase or transfer a balance during the first two months you have the card.

The Purchase Card with 1,000 Clubcard points lets you pay no interest on purchases for 17 months. This isn’t a market-leading 0% period but it’s pretty competitive. And if you’re a keen Clubcard points collector anyway, the 1,000 point offer might be tempting.

Let’s take a closer look at the card and how it compares to other 0% purchase credit cards.

Compare 0% purchase credit cards

Tesco card up close

As well as the 17-month interest-free period on purchases, the Purchase card also offers a three-month 0% balance transfer period. However, the balance transfer offer is definitely not a reason to get the card.

Then there are the 1,000 bonus Clubcard points, which are worth at least £10, although you can increase these using schemes such as Clubcard Boost. And you can collect Clubcard points on all your spending on your card.

[SPOTLIGHT] However, if you went for another top 0% purchases credit card, you could have up to 20 months without any interest to pay.

And Tesco itself offers a 19-month Clubcard credit card for Purchases, albeit without the Clubcard points bonus, so you need to decide which is more important: time or points?

How it compares

These are the market-leading 0% purchase credit cards right now.

Credit card

0% period

Representative APR

Halifax Purchase Credit Card

20 months

18.9%

Tesco Clubcard for Purchases

19 months

18.9%

Lloyds Bank 19-Month Platinum

19 months

18.9%

Bank of Scotland 19-Month Purchase

19 months

18.9%

Clydesdale Bank Gold MasterCard

19 months

18.9%

Yorkshire Bank Gold MasterCard

19 months

18.9%

Santander Credit Card for Purchases

18 months

18.9%

Santander 123 Credit Card

18 months

16.5%

Sainsbury's Nectar Purchase Credit Card

18 months

18.9%

Tesco Purchase Card with 1,000 Clubcard Points

17 months

18.9%

As you can see, there are plenty of alternatives to the new Tesco card. However, all these cards are only available to people with a good credit rating.

Playing your cards right

Whichever card you go for, make sure you make at least the minimum repayment each month. And you should aim to pay off your spending by the end of the 0% period, otherwise you'll be paying interest.

Compare 0% purchase credit cards

More on credit cards:

The best balance transfer credit cards

The best cashback credit cards

The best reward credit cards

The best credit cards to use abroad

How to build an excellent credit history

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