New Tesco MasterCard variant – NO balance transfer fee

A new version of the Tesco Clubcard MasterCard has turned up on the Tesco Bank website.

The representative APR on the Tesco Clubcard card is 18.9% variable.

If you scroll down to the 3rd card on that page, you will see that Tesco is offering balance transfers from existing credit cards with NO FEE.  The transferred balance will then incur 0% interest for the first 10 months.

Tesco Mastercard

You will not earn any Clubcard points on the balance you transfer.  Moving over a balance will also take up part of you credit limit, which means that you will have less leeway to earn Clubcard points by using the card for your day to day spending.

The earning rate on the Tesco MasterCard is 1 Clubcard point per £4 spent.  In a move I dislike immensely, this is calculated on a ‘per transaction’ basis.  A spend of £7.99 only earns 1 point which is hardly within the spirit of fair play.

Want to earn more Clubcard or Nectar points? Click here to visit the Shopper Points home page for the latest news and offers. Come back every day for new deals or join our email list.

Do you have a Clubcard or Nectar credit card?  If not, you can receive up to 20,000 FREE points for signing up!  Full details are in this article.

Do you convert Clubcard points into Avios or Virgin Flying Club? If you do, visit our sister site, Head for Points, which is full of tips for maximising your frequent flyer miles.

Earn bonus Clubcard points with Braun
How you can earn points by switching your mortgage to Tesco Bank
Want to earn more Clubcard or Nectar points? Click here to visit the Shopper Points home page for the latest news and offers. Come back every day for new deals or join our email list.

Do you earn Clubcard or Nectar points from your credit card?.  If not, you're missing out. We review the best options in this article.

Do you convert Clubcard points into Avios or Virgin Flying Club? If you do, visit our sister site, Head for Points, which is full of tips for maximising your frequent flyer miles.



About Shopper Points

Shopper Points helps you earn more Tesco Clubcard and Nectar points! Visit every day to see our latest articles, follow us on Twitter and Facebook, or sign up for our FREE emails via this page or the box to your right.