I was on my way to Starbucks with my little ‘un an hour ago when I got a call from Tesco Bank telling me that the Premium Credit Card was now open for applications.
I am dashing off to Heathrow in a few minutes so a full review will have to wait until Monday.
You can check out the details here. The representative APR is 56.5% variable, including the fee, assuming a £1200 credit limit.
I am interested in your thoughts.
It is not as bad as we first thought, but it is still not great:
5,000 bonus points for spending £5,000 per year IN TESCO is very tough
The ‘£50 off a Club Europe flight’ voucher could be valuable but the code expires after two months
I haven’t looked at the small print of the travel insurance to see if it is comprehensive
The lack of a sign-up bonus means you might want to wait
I will ponder it over the weekend ….
There is one bit of good news though. The British Airways £50 discount, and the various mentions of Avios and Flying Club miles on the card website, should put to rest any thoughts that Tesco Clubcard will be withdrawing from Avios.
(Want to earn more miles and points from credit cards? Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)