Exclusive: Tesco Premium Credit Card launched this morning

This article is closed to new comments. Feel free to ask your question in the HfP forums.

• harry says:

  3 Jun3 June 11:46

  ‘Collect 5,000 bonus Clubcard points – worth up to £200 with Tesco Clubcard Partners – when you spend £5,000 (around £100 a week) on your Premium Credit Card at Tesco in any year. This includes in store, online & Tesco Fuel’

  That’s possible but tough. 5000 clubcard = 12000 Avios = c.£120 so hardly earth-shattering.

  No lounge pass deal with eg Dragonpass, then – which would have been enough (say, 6 DP passes) for me to go for it.

  I can’t see I’d get anywhere near £150 in value, ie breakeven.

  A sign-up deal worth 7500-10000 clubcard points would swing it.

  Advice from me: bide your time & wait for the sign up bonus

  • Rob says:

    3 Jun3 June 11:59

    That would be my view too.

    • James67 says:

      3 Jun3 June 12:58

      Me too, but excepting the lucky few, we have all been waiting years already for 10k bonus on the current account. Safe and pleasant trip Rob.

      • harry says:

        3 Jun3 June 19:02

        There are people who would get (say) £80 of value from the insurance. Plus spend enough to get value from the extra points for Tesco purchases.

        But Tesco Marketing people have badly misunderstood the [Tesco] ‘premium’ customer’s needs & spending patterns. Massive ccok up if you ask me. We are not talking Plat premium customers, they do not have a hope of acquiring those customers, unless you’re gaming it for the Avios. But your bog standard ‘mark’?

        Spend requirement should have been £2000 pa (to get 5000 clubcard points).
        A bonus sign-up should have been in place from day 1 to get things going swimmingly.
        BA £50 credit idea should have been more generous across fares, eg £25 off HBO/ luggage fares.

        It’s not rocket science, the marketing people are simply dullards, not thinking in sexy marketing ways or understanding their consumers.

        • harry says:

          3 Jun3 June 19:08

          Put it this way: I don’t think anybody is going to flash the Tesco premium credit card and pull the girl on the till with an invite to the pub later

        • James67 says:

          3 Jun3 June 21:45

          Hmm, they even forgot to call it Tesc’s Finest!

          Or perhaps what we have already is Everyday Value, this is Tesc’s own brand and we can all look forward to the amex platinum-competing Finest card next year.

        • Tom.Murray says:

          3 Jun3 June 22:29

          You miss the point of brandishing your Tesco card! – it’s a ‘who cares’ moment 🙂
          Just like turning up at a social occasion in my Hilux or ancient Subaru Forester and parking alongside the black Range Rovers. I could have one but choose not to!

  • Frenske says:

    3 Jun3 June 13:59

    There is the travel insurance for whole family too. This could be worth something like £80.

    That said I already have travel insurance with Nationwide Flexplus account.

• signol says:

  3 Jun3 June 11:48

  Including fuel purchases makes it easier to hit, would like to see the detail on travel insurance (single person or family, pre existing conditions etc).

  • signol says:

    3 Jun3 June 11:50

    Ok, does include family, partner and children, but not included are pre existing conditions…

    • Andrew* says:

      3 Jun3 June 11:54

      Assuming < 70

    • Callum says:

      4 Jun4 June 14:56

      Are there any policies that include pre existing conditions? Sounds like comercial suicide to me!

      • mark2 says:

        4 Jun4 June 17:12

        Lloyds Bank Platinum includes many existing conditions up to age 80

• Andrew* says:

  3 Jun3 June 11:53

  5000 bonus points not awarded until after card year, so they don’t post in the same way as Amex bonuses do when the qualifying transaction hits…

  • JPR says:

    3 Jun3 June 14:36

    Could you cancel before the following year’s fee is charged and still get the points. If not then it really is quite pricey.

• Gavin says:

  3 Jun3 June 13:27

  I wonder who will be the first person to buy £5000 of gift cards in Tesco with this card?

  • Frenske says:

    3 Jun3 June 13:55

    Exactly my thought. I would be struggling to spend £5000 inside Tesco despite doing my main shopping and fuel there. I do not intend to buy £2000 worth of Tesco gift cards.

  • Rob says:

    3 Jun3 June 14:07

    Good thinking 🙂 If they start doing Waitrose cards it might be a winner!

    • CV3V says:

      3 Jun3 June 14:49

      i buy my Marks and Spencer gift cards every week from Tesco!

      • Tilly71 says:

        3 Jun3 June 15:08

        £5 off £35 spend on food / flowers at M&S coupon in today’s Daily Mail.

        • Rob says:

          3 Jun3 June 18:23

          Got one of those from the BA lounge today!

        • Tom says:

          3 Jun3 June 19:57

          Hope you didn’t feel too dirty..

  • Kathy says:

    3 Jun3 June 14:21

    To be honest I don’t need that many gift cards!!

• Alan says:

  3 Jun3 June 14:20

  Pretty uninspiring, going to wait until something decent appears by way of sign-up or new benefit.

• Tilly71 says:

  3 Jun3 June 15:09

  Achievable if 3V around still.

  • Anon says:

    3 Jun3 June 15:13

    But there not, are they?

    • Olivula says:

      3 Jun3 June 15:42

      There are 20 on a peg in Boots Brighton as of 9.00 today….and they don’t work.

• Sean says:

  3 Jun3 June 15:19

  If you are travelling with a (large) family, the £50 BA credit may actually make the card quite attractive…
  If I’m not mistaken you can get £50 off EACH for up to 9 people travelling on the same booking. So this could equate to a maximum £450 flight discount.

  • harry says:

    3 Jun3 June 18:22

    Can’t see that’s particularly attractive when you’re talking CE only. If it had included other fares, this would have been a cracker. But nearly all flights in Europe are not long enough to justify the CE premium, and the Tesco £50 discount just makes that ‘sort of OK’, mainly given the lounge – but I suppose the other extras are worth having (even if not worth paying much for, on such a short journey).

    • harry says:

      3 Jun3 June 18:28

      Just checked next T-355 coming up, ie May/ June half term 2017.

      Not popped up yet – too early – but (close dates) our route is giving £600+ for CE vs £75/85 for HBO/ luggage.

      I can’t see that a £50 discount makes an awful lot of difference lol

      • Rob says:

        3 Jun3 June 19:11

        Sounds like a one way price or a non-Sat night price.

        • harry says:

          3 Jun3 June 19:28

          You’re right, I checked – 1-way price. Return is £400 so my point is valid, if not quite as valid. £50 discount always worth having if you were going to spend it anyway, though I would have hoped (for the idea to be successful) that the discount would almost make CE as cheap as Economy.

          (Why do they price it like that?)

        • harry says:

          3 Jun3 June 19:39

          And BTW just seen some amazing never-seen-before prices on BA to our place -T-340 or so – £85 return in HBO. That’s more like an Amsterdam cheapie but we are 2-2.5 hrs away. They really are challenging the LCCs. Obviously off peak and no good to us (we need school hols).

        • Robman says:

          4 Jun4 June 06:47

          Harry, where is the “our place” you can get to for £85 return HBO. I might be coming!

        • harry says:

          4 Jun4 June 08:00

          Look at March returns, pick anywhere in Europe. I just checked a handful & can see
          Vienna 2 x £45
          Prague 2 x £49
          Rome 2 x £47
          Milan 2 x 45

          etc etc

          Amazing prices! Probably not just March.

        • harry says:

          4 Jun4 June 08:36

          Istanbul 2 x £45 must be the best value & I defy you to find better from your LCC provider 🙂

          Moscow not playing ball (2 x £149) but I imagine every other European destination served by BA will be cheaper than £100 return, that’s real hardball vs the cheapies in my view but you certainly need to be planning your trip way in advance.

• Anon says:

  3 Jun3 June 15:26

  Slight OT…

  Hit my BAPP Amex 241 target sooner than expected. (6months in)

  Can I cancel and…
  1) keep the certificate without redeeming on a flight (waiting til Xmas)
  2) get a pro rata refund

  TIA 😀

  • Charlie says:

    3 Jun3 June 16:02

    I believe you need to keep a BA Amex card until redeemed. Could downgrade to the free one.
    And yes.

    • Alan says:

      3 Jun3 June 16:23

      You definitely need some form of Amex to pay when using a 241 but it doesn’t have to be a BA Amex. Slight risk if cancelling 241 booking and not having BA Amex of some form but don’t think anyone has actually reported an issue – the voucher gets applied to your BAEC account so should remain there regardless of what you’re doing with Amex.

      • Sam G says:

        4 Jun4 June 02:07

        I cancelled my BA (got the gold instead) and kept the voucher

This article is closed to new comments. Feel free to ask your question in the HfP forums.