The Tesco Clubcard credit card became a lot less interesting last year when Tesco Bank cut the earning rate to 1 Clubcard point for every £8 you spend.
The card is still worth getting because it currently offers 1,000 Clubcard points as a sign-up bonus when you apply via this special link.
Even if you don’t use it for all of your day to day spending, however, there is one way to get a good deal from the Tesco Clubcard credit card.
When you buy travel money in a Tesco store using your Tesco Clubcard credit card, it is treated as a purchase.
This means a number of things happen:
you don’t pay a cash advance fee
you get up to 56 days interest free credit on the money, depending on when your card statement is due
Here is the exact wording from the Tesco Money terms and conditions which you can check out here:
Tesco Credit Cards
If you pay with your Tesco Credit Card, there’s no cash advance fee (excluding Tesco Business Credit Card) or card handling fees. Buying foreign currency with a Tesco Clubcard Credit Card from Tesco Travel Money will count towards a customer’s cash limit but will be treated as a purchase transaction and will still be charged interest at the purchase interest rate.
You will NOT earn any Clubcard points, however, even though it is treated as a purchase.
The only restriction is that the amount of foreign currency you can buy is limited to the ‘cash advance’ limit on your card, which is usually printed on your statement.
So …. even if have ditched your Tesco credit card for a better deal elsewhere, it may still be worth getting out of the drawer next time you need some foreign currency. You can order online to collect in-store via their website here.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.