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 points from credit cards? – August 2022 update
If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.
EDIT: Until 25th October 2022, there is an exceptionally generous sign-up bonus on The Platinum Card. You will receive 60,000 Membership Rewards points – double the usual amount – and £200 to spend at Amex Travel. You need to spend £6,000 within six months to earn the bonus.
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable card perk – the 2-4-1 voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
60,000 points, £200 travel credit and an unbeatable set of travel benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and 1.5 points for every £1 you spend Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these offers:
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
Capital On Tap Business Rewards Visa
10,500 points bonus – the most generous Avios Visa for a limited company Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.