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 means not spending beyond your credit limit and ensuring that you make the at least the minimum payment on time each month.
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
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. Please note that interest starts to accrue immediately on cash withdrawals.

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
Use them on Clubcard rewards and get up to 4 times their value

For more information visit tesco.ie/clubcard/deals

Tesco Clubcard Credit card is available to RoI residents and over 18s only. Subject to status. Conditions apply.
Tesco Personal Finance plc (trading as Tesco Bank) is authorised and regulated by the Financial Services Authority in the UK and regulated by the Central Bank of Ireland for conduct of business rules only. Registered in Scotland no. 173199. Registered Office: Interpoint Building, 22 Haymarket Yards, Edinburgh, EH12 5BH. Our credit institution reference no. is C27325.