Tesco to launch a £150 Premium credit card

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• Paul says:

  25 May25 May 05:24

  Maybe I misread it but the text I received seem to suggest 2 Clubcard points per £

  The Premium Credit Card is a credit card and Clubcard in one, so for every £1 you spend on your card in Tesco, you’ll not only get the usual one Clubcard point for your shopping, you will also get an extra point.

  • d4ve says:

    25 May25 May 06:20

    I would read that as the usual 1 for showing a Clubcard and then an extra 1 for using the PCC..

  • Kevin says:

    25 May25 May 06:24

    You get 1 clubcard point in any case so spending in Tesco gives you 2 points overall.

    Have to say I was pretty shocked when I got the email. Thought I’d missed something.

• fiona says:

  25 May25 May 06:51

  Dear Fiona,
  As a Tesco Credit Card holder we thought you’d like to know that our most rewarding card is coming. The Premium Credit Card is a credit card and Clubcard in one, so for every £1 you spend on your card in Tesco, you’ll not only get the usual one Clubcard point for your shopping, you will also get an extra point. So you’ll be collecting points twice as quick in Tesco.

  Plus you can increase the value of your Clubcard points with Tesco Clubcard Partners and before you know it they could go towards a special night in, a family day out or a flight away. Better still, the card will also give you access to travel benefits.

  It’s worth noting our Premium Credit Card has an annual of £150.

  Most folks wI’ll read that as it’s said
  ie 1 pound per point.Only in the t@Cs does it say 1 point per £4

• GaryC says:

  25 May25 May 06:55

  The maths make a bit more sense if you also spend a lot of money at tesco. Compared to, say, a BA Amex you’d make an extra 0.9 avios per £ spent. If you are doing a large weekly shop, buying wine, lots of gift cards then I think it might make sense.

  I’m going to do the maths to see if it makes sense overall for me to drop my Virgin black card (which I got largely for the miles on visa transactions) in favour of this one. The annual fees will cancel out, but it could be the reduction in air miles from visa is made up for by the extra from tesco.

• Tilly71 says:

  25 May25 May 07:39

  You used to get this all for free with the old Tesco world MC and the green and white card you used to load at CS.

  • Yuff says:

    25 May25 May 08:46

    6 months ago I got double the benefits of this new card and 650 cc points each year just for using it with no fee 😉
    Think I’ll be giving HSBC £45 more for their new card 🙂

• Andrew H says:

  25 May25 May 08:48

  O/T I’m in London this morning and I’d like to check out the Regus lounges (not office space, just the lounges). Any recommendations?

  • Rob says:

    25 May25 May 08:51

    Most impressive ones are Berkeley Square and Lombard Street, although BSq especially can be busy.

    The new style one on Kensington High Street is interesting but a little out of the way.

    Others vary from useless (two chairs in a corner) to good, note that some in high profile office buildings require prebooking so that security is expecting you – although that does not apply to those above.

    • Andrew H says:

      25 May25 May 10:06

      Thanks Raffles. I will check those out today. Also Heathrow T5 if I can find the time.

      • Andrew H says:

        25 May25 May 10:09

        By the way, thanks for your recommendations on Flyertalk last year about choosing a hotel for the Chelsea Flower Show. I took advantage of the IHG 100% points bonus in December to book two nights at the Indigo Kensington. Mum is pleased with the room. They also offer a complimentary mobile phone which is very handy indeed (I don’t have one).

        • Rob says:

          25 May25 May 11:21

          Heathrow T5 is LANDSIDE remember, not airside, in Arrivals.

          Glad you liked the Indigo. My parents in law stayed there a couple of years ago and liked it and Anika had a tour of it last week (not sure if an article will appear or not) and was enthusiastic.

          I have a personal issue with it purely because I like my hotels to be purpose built and not created from knocking through a row of Victorian houses, although I admit that Crowne Plaza Kensington pulls this trick off incredibly well.

• mark2 says:

  25 May25 May 08:50

  I suggest that it would be best to get the full details before passing judgement.
  But seems like very poor PR.

• Will Squires says:

  25 May25 May 13:01

  There has to be something more to this CC – although it would be strange to leave that off teaser email.

  I’m thinking it must be a signup bonus – but something like, say, 5 points per £ on fuel at Tesco PFS could make it worthwhile for me too…

• John says:

  25 May25 May 13:43

  As other posters have said on here, there are two different rates depending on shopping at Tesco or elsewhere. Obviously Raffles’ calculations have been based on spend elsewhere and seeing some of the figures he came up with (£50k), it’s arguable whether you could spend anywhere close to that at just Tesco – but it does all add up if you are a big spender anyway –

  let’s say £200 on shopping per week = £10k.
  £200 on fuel per month = £2.4k
  Giftcards (if you can make it work?)

  • Rob says:

    25 May25 May 14:10

    £200 at Tesco? We don’t spend more than £100 on food and there are four of us. (I am excluding the shocking £9 per kid per day I pay for – not optional – school lunch.)

    Even on your numbers though, it makes no sense.

    £10,000 at Tesco gets you 5,000 additional points compared to using the free card. £2,400 of petrol gets you 1,200 extra points. That would be 6,200 extra Clubcard points which, if taken as Avios, would be 14,880 Avios for £150, or 1p per point.

    That isn’t a bargain, and I’m sure 99% of Tesco customers spend less than that.

    • harry says:

      25 May25 May 14:25

      OK but what if the sign up bonus gets close to (say) the Gold Card 20K?

      ie about 10,000 Clubcard points if we round it up.

      Payable if you spend (say) £3000 in the first 3 months.

      I think I’d go for it if the fee were repayable pro rata

      • Rob says:

        25 May25 May 17:24

        The fee won’t be refundable. Amex only does that because it is forced to by US accounting standards apparently.

        Any bonus of 7k or more (ie which got you under 1p per Avios) would be worth considering. I’d probably want to see at least 8,000 points, ie 0.75p per point, before I’d jump in because of the legacy cards I hold.

        For anyone frustrated by the current Visa / MC rates on new cards, I think a bonus of 6,000 – meaning you were paying 1p per Avios and got access to the card for a year – would be worth a HFP recommendation. I’d also have to recommend cancellation at the end of year one though ….

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