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? – November 2020 update
If you are looking to apply for a new credit or charge card, here are my November 2020 recommendations based on the current sign-up bonus.
British Airways American Express
5,000 Avios for signing up, no annual and a companion voucher for spending £20,000 Read our full review
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion 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
30,000 points and an unbeatable set of travel benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and the most generous non-Amex for day to day spending 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:
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
British Airways Accelerating Business American Express
Earn both Avios and BA On Business points with your business spending Read our full review
Capital On Tap Business Rewards Visa
The most generous Avios Visa or Mastercard for a limited company Read our full review
Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. By recommending credit cards on this site, I am – technically – acting as a credit broker. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.