Boost your points... (Tesco Clubcard Credit Card)

Member Name: slugfilm

Product:	Tesco Clubcard Credit Card
Date:	15/06/09 (44 review reads)
Rating:

Advantages: Easy to manage

Disadvantages: Extortionate interest rates

I got this card following a recommendation from Money Saving Expert.com

As a student (without fixed annual income) I was pleased that Tesco accepted me (albeit with a small credit limit), since my application for the Nectar Amex Credit Card was rejected.

I can confirm that it does pay out plenty of club card points, but there are a few things to note. First, only get this card if you are able to PAY IT OFF IN FULL EVERY MONTH! I can't emphasise that enough, because otherwise the rates are extortionate. However, Tesco make it easy for you to manage this card. The internet website is really clear and easy to use, so you can make payments to it and see your balance very efficeintly. also, you can set up a monthly direct debit to pay the card off in full automatically - I recommend this for ease.

you only get one extra clubcard point for every £4 you spend, but as they say - every little helps. especially if you convert your points into Tesco Deals vouchers worth 4 times as much.

Summary: Only get it if you can pay it off fully every month