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  • FIRST POST
    • RainbowRising
    • By RainbowRising 13th Sep 16, 5:24 PM
    • 9Posts
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    RainbowRising
    Tesco Club Card Credit Card - paying off loans
    • #1
    • 13th Sep 16, 5:24 PM
    Tesco Club Card Credit Card - paying off loans 13th Sep 16 at 5:24 PM
    I am wondering if anyone knows if I used my club card credit card to pay off a loan (then pay off the card) if I'd get club card points for it. Either way the loan is being paid off, I just wondered if there was a way to get something out of it.
Page 1
    • MallyGirl
    • By MallyGirl 13th Sep 16, 5:33 PM
    • 1,310 Posts
    • 3,309 Thanks
    MallyGirl
    • #2
    • 13th Sep 16, 5:33 PM
    • #2
    • 13th Sep 16, 5:33 PM
    you can't use a CC to pay off a loan. You need a money transfer card to pay into your bank account and then send the money across to settle the loan.
    • RainbowRising
    • By RainbowRising 13th Sep 16, 5:36 PM
    • 9 Posts
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    RainbowRising
    • #3
    • 13th Sep 16, 5:36 PM
    • #3
    • 13th Sep 16, 5:36 PM
    I wasn't sure if i was able to - the card does have a money transfer facility that actually allows me to add the loan company as a recipients for payment along with my bank. I just wasn't sure if I would be able to gain club card points which would be the only reason for doing it that way.


    you can't use a CC to pay off a loan. You need a money transfer card to pay into your bank account and then send the money across to settle the loan.
    Originally posted by MallyGirl
    Last edited by RainbowRising; 13-09-2016 at 5:37 PM. Reason: update information
    • sjbrun
    • By sjbrun 13th Sep 16, 5:49 PM
    • 345 Posts
    • 328 Thanks
    sjbrun
    • #4
    • 13th Sep 16, 5:49 PM
    • #4
    • 13th Sep 16, 5:49 PM
    Even if you could get points from a money transfer, the % charge of the money transfer fee will be higher than the points value so it will not be worth it just for the points
    • RainbowRising
    • By RainbowRising 13th Sep 16, 6:06 PM
    • 9 Posts
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    RainbowRising
    • #5
    • 13th Sep 16, 6:06 PM
    • #5
    • 13th Sep 16, 6:06 PM
    Thanks for the comments - glad I decided to check on here first.


    Even if you could get points from a money transfer, the % charge of the money transfer fee will be higher than the points value so it will not be worth it just for the points
    Originally posted by sjbrun
    • 20aday
    • By 20aday 14th Sep 16, 3:09 PM
    • 1,550 Posts
    • 636 Thanks
    20aday
    • #6
    • 14th Sep 16, 3:09 PM
    • #6
    • 14th Sep 16, 3:09 PM
    I've had a couple of money transfer offers in the past with the Clubcard Credit Card.

    They don't attract points I'm afraid.
    It's not your credit score that counts, it's your account conduct and credit history.
    • no1catman
    • By no1catman 14th Sep 16, 3:32 PM
    • 2,175 Posts
    • 1,595 Thanks
    no1catman
    • #7
    • 14th Sep 16, 3:32 PM
    • #7
    • 14th Sep 16, 3:32 PM
    Points apply for retail transactions, not for paying off the amount to pay on your card.
    I used to work for Tesco - now retired - speciality Clubcard
    • RainbowRising
    • By RainbowRising 22nd Sep 16, 11:32 AM
    • 9 Posts
    • 0 Thanks
    RainbowRising
    • #8
    • 22nd Sep 16, 11:32 AM
    Thank you
    • #8
    • 22nd Sep 16, 11:32 AM
    Thank you to everyone for their helped - saved me from another expensive mistake .
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