Tesco Insurance review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Our verdict
Tesco Insurance is a Clubcard points credit card that costs nothing to hold and rewards grocery spending hardest, so it suits Tesco shoppers who clear balances monthly. Borrowing costs more: the APR of 24.9% sits well above the rewards you earn.
Key facts
- Best for
- Clubcard shoppers who pay the balance in full and want points on Tesco spending.
- Annual fee
- £0 (Source, checked September 26, 2026)
- APR
- 24.9% (Source, checked September 26, 2026)
- Currency conversion fee
- 2.75% (Source, checked September 26, 2026)
- Rewards type
- Points (Source, checked September 26, 2026)
- Rewards rate
- 5 points per GBP 4 spent at Tesco, 1 point per GBP 8 spent elsewhere, 100 points = GBP 1.00 in vouchers (Source, checked September 26, 2026)
- Balance transfer intro period
- 14 to 36 months (Source, checked September 26, 2026)
- Balance transfer fee
- 0.75% to 3.45% (Source, checked September 26, 2026)
- Perks
- Clubcard points on Tesco and other spending, Tesco Reward Partners voucher exchange, Pay by Bank repayments, Section 75 consumer credit protection, Mobile banking app with lost or stolen card reporting (Source, checked September 26, 2026)
- Card kind
- Credit (Source, checked September 26, 2026)
- Legal entity
- Barclays Bank UK PLC (Source, checked September 26, 2026)
- Headquarters
- United Kingdom (Source, checked September 26, 2026)
- Founded
- 1997 (Source, checked September 26, 2026)
- Support channels
- Phone, Email, Help-centre (Source, checked September 26, 2026)
- Pricing model
- No annual fee
- Features
- Rewards
- Official website
- tescobank.com
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Annual fee of £0, on a no annual fee basis
- Clubcard points redeemable through the Tesco Reward Partners voucher exchange
- Section 75 consumer credit protection on eligible purchases
- Balance transfer fee of 0.75% to 3.45% with an introductory offer of 14 to 36
Cons
- An APR of 24.9% is high for a card held mainly for rewards
- Currency conversion fee of 2.75% makes foreign spending costly
- Points earn more slowly away from Tesco than at the till
Who it suits
- Shoppers who already use Clubcard and spend heavily at Tesco
- People moving a balance and able to clear it inside the 14 to 36 offer
- Card holders who pay in full each month and treat rewards as a side benefit
Who should look elsewhere
- Oney Préstamos ES, which charges an annual fee of €10 but sits in a different market
- Gulf Bank, whose APR of 8.33% is far below this card's
- Amwal, which charges an annual fee of SAR 0 but offers no Clubcard points
How it compares on our data
On annual fee this card ranks 1 of 301 brands, so holding it costs nothing against a market where many cards charge. Borrowing is less competitive at 92 of 133, and the currency conversion fee of 2.75% places it at 138 of 181. The reward is the reason to hold it, not the rate.
Deposit protection
This is a credit card, not a deposit account, so balances are not held in an account with deposit protection. Credit balances on the card are owed to the issuer and are covered by Section 75 consumer credit protection, which handles claims against a supplier when a purchase is faulty, not a shortfall on the card.
How Tesco Insurance compares
9.0 vs 9.0
9.0 vs 8.9
9.0 vs 8.8
9.0 vs 9.2
9.0 vs 8.8
9.0 vs 9.4
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 9.0
9.0 vs 8.8
9.0 vs 8.8
9.0 vs 8.7
9.0 vs 9.2
9.0 vs 9.0
9.0 vs 9.5
9.0 vs 9.4
9.0 vs 9.4
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.1
9.0 vs 9.1
9.0 vs 9.1
9.0 vs 9.1
9.0 vs 8.8
9.0 vs 8.8- 9.0 vs 8.8
- 9.0 vs 8.8
- 9.0 vs 8.8
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 8.3
9.0 vs 8.2
9.0 vs 8.0
9.0 vs 8.0
Where Tesco Insurance is available
- Available
- United Kingdom
- Licence in United Kingdom
- Financial Conduct Authority, checked September 26, 2026
- Licence in United Kingdom
- Prudential Regulation Authority, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Does Tesco Insurance charge an annual fee?+
No. The annual fee is £0 and the card runs on a no annual fee basis, so there is nothing to pay for keeping the account open. Any cost comes from borrowing or from using the card abroad.
How do the Clubcard points work?+
Spending earns points at a much better rate in the Tesco shops than elsewhere, and points can be swapped for vouchers through the Tesco Reward Partners exchange. The rewards are points rather than cashback, so value depends on what you spend them on.
What does it cost to borrow on this card?+
The APR is 24.9%, which is high for a rewards card and sits above the middle of the market. If you clear the balance every month the rate barely matters, because you never pay interest.
Can I move a balance onto this card?+
Yes. Balance transfer fees run 0.75% to 3.45% and the introductory offer lasts 14 to 36, so there is a window to clear the transferred amount. Interest still applies on anything left afterwards at the standard rate.
What happens to a purchase I cannot get a refund for?+
Eligible purchases are covered by Section 75 consumer credit protection, which lets you claim against the supplier or the card issuer when goods or services are not as described. It covers a purchase over £0 in value bought on the card.
How do I get help with the account?+
Support runs on phone, email and help centre, so you can call, email or use the help centre. The mobile banking app also lets you report a lost or stolen card and keep an eye on the balance.
Is the currency conversion fee competitive?+
The card charges 2.75% on foreign currency spend, which is high against the cheapest cards on the market. Shoppers who rarely spend abroad are unaffected, but travellers should compare before using it overseas.
Who runs the card and where is it based?+
The card is issued by a UK bank, with the legal entity listed as Barclays Bank UK PLC, and it is headquartered in the United Kingdom. It is supervised by the Financial Conduct Authority and the Prudential Regulation Authority in the UK.
Sources
- tescobank.com/corporate checked September 26, 2026
Backs: Founded
“We began life in 1997 and now help more than 3 million customers to manage their money a little better every day.”
- tescobank.com/credit-cards checked September 26, 2026
Backs: APR, Balance transfer fee, Balance transfer intro period, Card kind, Features, Perks, Rewards rate, Rewards type
“Balance Transfer and Purchases Credit Card - Representative rate (variable) 24.9% APR”
- tescobank.com/credit-cards/charges-fees-interest checked September 26, 2026
Backs: Annual fee, Currency conversion fee, Pricing model
“Annual and monthly fees - Clubcard Credit Card: No fee.”
- tescobank.com/help/contact-us checked September 26, 2026
Backs: Support channels
“Our friendly UK-based customer service team are here to answer your questions ... [All FAQs] Help and Support Centre”
- tescobank.com/transfer-scheme checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“Registered in England No. 9740322. Registered Office: 1 Churchill Place, London E14 5HP.”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Tesco Insurance
Clubcard shoppers who pay the balance in full and want points on Tesco spending.