In this article, we review the Tesco All Round credit card, which has an introductory offer on balance transfers and purchases, as well as allowing cardholders to earn Tesco Clubcard points when using the card both in and out of Tesco stores.Key facts about Tesco All Round credit card
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Best for: Those who regularly shop at Tesco and make use of the Clubcard points scheme.
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Introductory offer: Up to 12-month interest-free period on balance transfers and purchases.
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Representative APR: 22.9% variable.
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Fees: 1.99% balance transfer fee, 3.99% money transfer fee (balance and money transfers must be made within 90 days of opening the account).
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Perks: Earn 5 Clubcard points for every £4 spent at Tesco (£4 minimum and excludes certain purchases, such as tobacco products, gift cards and prescription charges) and 1 Clubcard point for every £8 spent on non-Tesco purchases.
Finding the best credit card for you
Comparing different credit cards is a key part of getting the best deal for you. Money to the Masses has helped to simplify this process by partnering with Creditec*, an online comparison service. You do not need to trawl through countless different provider websites hunting for the best cashback or lowest fees, as Creditec’s personalised search results will show you the key details you need to know in one place. Your tailored list will also feature the cards that you are more likely to be accepted for, cutting down the chance of any applications you make being rejected. Your search results are built using a soft credit search, so there will be no damage to your credit score. You can start your search by clicking this link*.
Pros of Tesco All Round credit card
- Unlike many of its rivals, it allows interest-free money transfers in addition to balance transfers and purchases during the introductory period.
- No annual fee.
- Good for cardholders who already do their grocery shopping in Tesco and like using the Clubcard points for discounts and family days out.
Cons of Tesco All Round credit card
- While it offers a good - although not market-leading - introductory period for balance transfers, purchases and money transfers, it may be worth considering whether you need all of these functions or whether you would be better off choosing a specialist card with a more competitive introductory period.
- There is a charge for both balance transfers and money transfers.
- The introductory offer is subject to status and you may be offered a shorter period of 9 or 10 months depending on your credit score.
How to manage your payments on Tesco All Round credit card
Spending and transfers can be monitored on the Tesco mobile banking app.
How to apply for the Tesco All Round credit card
You can apply online, although there isn't an eligibility checker, so it is worthwhile going through the checklist beforehand to ensure you are likely to be accepted.
Alternatives to the Tesco All Round credit card
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