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Benefits of having a credit card

When used and managed correctly, credit cards can be very useful financial products.

The major benefit of having a credit card is the ability it gives you to purchase a good or service now and pay for it later. A credit card can also be safer to use than to carry around cash.

If you lose your credit card, you can ask your credit card company to cancel your card, and no one else can use it. But if you lose cash, your money is gone.

Reasons for holding a credit card

There are several main reasons to hold a credit card including:

  • To build a credit history - using a credit card wisely is one of the best ways to establish a good credit history. This can be beneficial when you wish to apply for a loan or take out a mortgage.
  • To make purchases online - Online shopping is now a huge industry. You can also use your credit card to secure hotel, car rental and other reservations.
  • Keeping track of Purchases - Those who find creating budgets a chore may find the process easier by using the purchase history provided by the card issuer.
  • Extra Rewards - For example Tesco Clubcard Points, Avios.
  • Instant Cash Availability - credit cards are very handy to have for unexpected emergencies such as car repairs or unexpected medical bills. A credit card can be a source of withdrawing cash when no other sources are available.

Tesco Clubcard Credit Card Benefits

Using your Clubcard Credit Card is a faster way to collect Clubcard points. Every quarter, you will receive Clubcard Vouchers for the points you've collected and they can be used in a number of ways:

  • Use them in store to save on whatever you buy.
  • Your Clubcard vouchers are worth up to 4x their value with rewards. From restaurants to travel holidays, there are lots of exciting ways to enjoy more value from your Clubcard vouchers.
  • You can exchange your Clubcard vouchers for Avios. Getting Avios flights and rewards is as easy as doing your shopping. Visit the Tesco Clubcard website for more information.

For more information visit www.tesco.com/clubcard/deals.

Representative APR rate

16.9%APR representative (variable)

Tesco Bank, PO Box 27028, Glasgow, G2 9FT
Credit facilities available to over 18s and UK residents only subject to status.

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