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Practical Parents to cut back on Half Term spending

Almost half (46 per cent) of British mums are on the hunt for free entertainment for their kids this half term, according to new research* from Tesco Bank Clubcard Credit Card.

The research suggests that in a further effort to keep costs under control during half-term, over half (55 per cent) of mums surveyed by Tesco Bank Clubcard Credit Card, plan to entertain their children with activities at home, such as baking, crafts and board games.

Nearly a third (29 per cent) of all parents are feeling the financial strain from Christmas and will spend less on entertaining their children this February half-term, compared to 2012. A third (35per cent) of parents said they will spend under £50 over half-term.

With the financial pressures from Christmas still fresh, nearly a quarter (24 per cent) of parents surveyed have decided to take time off work to look after their children during half-term and nearly a fifth (17 per cent) of those surveyed said that grandparents will be looking after them.

However, despite the financial hangover and willingness to entertain children for free, a surprisingly high number of parents surveyed (47 per cent) are missing a trick by not using points from loyalty cards to pay for fun activities. Interestingly, of those who plan to spend money on entertaining their children this half-term, nearly one-in-ten (nine per cent) intends to put the Christmas money they received towards it.

Will Curley, Credit Card Director at Tesco Bank commented,

“The date of the February half-term is slightly earlier this year and as a result many parents are still feeling the financial pinch from Christmas. However, parents don’t have to miss out on entertaining their children. Our Tesco Bank Clubcard Credit Card customers can put their Clubcard points towards days out, eating out and much more.”

Tesco Bank customers can earn points wherever they are, every time they use their Clubcard Credit Card**. Customers can use their Clubcard points for discounts on some of the UK’s most popular attractions and restaurants, including Sealife centres and sanctuaries, WoburnSafari Park and Pizza Express.

Tesco Bank offers 0% for 16 months on purchases from account opening and allows customers to earn even more Clubcard points on all shopping – both in Tesco and elsewhere.  Tesco Bank also has a balance transfer option which offers 23 months interest free on balance transfers from account opening (2.9% fee).

For more information on ways to collect and use Clubcard points visit: http://www.tesco.com/clubcard/deals/daysoutsearch.aspx?N=4294967294

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For more information and media enquiries please contact:

Tesco Bank press office

+44 (0) 131 274 3630 

Notes to Editors:

  • *All figures, unless otherwise stated, are from YouGov Plc.  Total sample size was 2304 adults. Fieldwork was undertaken between 21st-23rd January 2013.  The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+).
  • **One Clubcard point is awarded per £4 spent in each purchase transaction (£4 minimum) when customers have available credit.Clubcard points not received on balance transfers.Customers can transfer 95% of their credit limit.
  • The Clubcard Credit Card doubles as a Clubcard in Tesco stores allowing customers to earn five points on every £4 spent, making it the perfect way to spend and earn additional points.
  • Points exclusions apply to certain products in Tesco stores – see tesco.com/clubcard for more information.The Clubcard scheme is administered by Tesco Stores which is responsible for fulfilling points.

representative example: 16.9%APR representative (variable) - Based on a credit limit of £1,200*** - Purchase rate of 16.9% p.a. (variable).

***Your credit limit may vary depending on your circumstances. The Tesco Clubcard Credit Card is available to over 18, UK residents only, subject to status.

About Us:

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We’ve been around since 1997 and today we help more than 5 million customers manage their money every day. Our 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7. Tesco Bank participates in the Chartered Banker Professional Standards Board.

Tesco Bank is a trading name of Tesco Personal Finance plc. Registered in Scotland No. SC173199. Registered Office: 2 South Gyle Crescent, Edinburgh, EH12 9FQ

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