Tesco Clubcard Vouchers v money back credit card

rossendale_2

At long last I don't have any credit card debt and have now got a credit card which gives me money back on purchases.
Which is more valuable - spending £100 on my Tesco Credit Card which gives me an amount of Clubcard vouchers which I can take off a future bill, or using my money back credit card?

Does anyone know how I work out which of these gets me the most money? My brain aches from trying to work this out!! #*"$+*!!

tattooed_lady

You have to weigh up which you prefer, you only get 1 pont for every £2 you spend on the Tesco card so if you spend £100 you'll get 50p (or x4 in deals). There may not be any deals you like.

Read Martin's article on the best cashback credit cards

King_Of_Fools

rossendale wrote:

At long last I don't have any credit card debt and have now got a credit card which gives me money back on purchases.
Which is more valuable - spending £100 on my Tesco Credit Card which gives me an amount of Clubcard vouchers which I can take off a future bill, or using my money back credit card?

Does anyone know how I work out which of these gets me the most money? My brain aches from trying to work this out!! #*"$+*!!

It depends on how much cashback you get with your money back card.

Tesco offer 0.5% if you spend vouchers instore but this goes up to 2% if you use Clubcard Deals.

JohalaReewi

As previous posters have said. Tesco vouchers used for deals have a net reward of 2% and are paid every 3 months. The best 'cashback' card is Amex Platinum Credit Card which gives 2% but only on spending over £7500. Up until then it is 0.5%, then 1% and the cashback is only paid annually so the tesco points are better if you can use them for deals. If you cant use the deals and have to spend the vouchers instore, the Amex card is better. Also, if you use your tesco card in tesco, you get 3 points every £2 spent

smartsaver

JohalaReewi wrote:

Also, if you use your tesco card in tesco, you get 3 points every £2 spent

Only if you have a plantium card - read here http://www.tescofinance.com/personal/finance/finance/creditcards/card_options.html Otherwise it's the same as a clubcard - 1 point per £1.00. If you use outside tescos you get 1 ponit per £2.00 spent.

The deals are very good though which make it a good bet.

King_Of_Fools

smartsaver wrote:

Only if you have a plantium card - read here http://www.tescofinance.com/personal/finance/finance/creditcards/card_options.html Otherwise it's the same as a clubcard - 1 point per £1.00. If you use outside tescos you get 1 ponit per £2.00 spent.

The deals are very good though which make it a good bet.

I am pretty certain that you get the same number of clubcard points with the Finest and Classic cards (except at tesco.com). You get the standard 1 point per pound that anybody with any Clubacrd gets. You also get 1 point per £2 on any credit card spending. This equates to 3 points per £2 at Tesco.