Tesco drops the Tesco Premium Credit Card
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UPDATE – AUGUST 2025: This is an old article, and the credit card information given is likely to be out of date.
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A couple of weeks ago, I wrote this article about the Tesco Premium Credit Card.
I suggested that the card did not have much of a future given the closure of Tesco Direct in three weeks, because the main feature – 5,000 bonus Clubcard points if you spent £5,000 annually across all Tesco businesses – would now become trickier.
I know some people relied on putting large household purchases through Tesco Direct in order to hit the £5,000 target.
It seems that Tesco Bank agreed with me. The Tesco Premium Credit Card is being withdrawn from the market for new applicants. I don’t know if it is being closed to existing cardholders too.
If you were on the fence about applying, the application form might still be live if you click here. There is a 5,000 Clubcard points bonus (worth 12,400 Avios or 12,500 Virgin miles) for signing up. I have been told that it will be gone by the end of today, if it hasn’t gone already.
Whilst this was definitely a niche product – and one I struggled to get excited about – it does have potential. It may have suffered from poor marketing, because the free travel insurance benefit would have been valuable for a lot of mainstream card users who will not have Amex Platinum, HSBC Premier etc.
At a lower fee (say £50) or with a different benefits package, it may have worked well for a lot of HfP readers as a strong points earner.
I have updated our core ‘best credit card’ articles, all of which are listed on this page of HfP, to reflect this change.
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Want to earn more points from credit cards? – August 2025 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 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:
Barclaycard Avios Plus Mastercard
Get 25,000 Avios for signing up and an upgrade voucher at £10,000 Read our full review
Barclaycard Avios Mastercard
Get 5,000 Avios for signing up and an upgrade voucher at £20,000 Read our full review
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.
SPECIAL OFFER: Until 14th October 2025, the sign-up bonus on The Platinum Card from American Express is increased to 80,000 Membership Rewards points. This would convert to 80,000 Avios! The spend target is changed to £10,000 within SIX months of approval. T&C apply. Click here to apply.
SPECIAL OFFER: Until 14th October 2025, the sign-up bonus on the American Express Preferred Rewards Gold Credit Card is doubled to 40,000 Membership Rewards points. This would convert to 40,000 Avios! The spend target is changed to £5,000 within SIX months of approval. T&C apply. Click here to apply.
The Platinum Card from American Express
80,000 bonus points and great travel benefits – for a large fee Read our full review
American Express Preferred Rewards Gold Credit Card
Your best beginner’s card – 40,000 points, FREE for a year & four airport lounge passes Read our full review
British Airways American Express Premium Plus Card
30,000 Avios and the famous annual Companion Voucher voucher Read our full review
Virgin Atlantic Reward+ Mastercard
18,000 bonus points 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:
SPECIAL OFFER: Until 14th October 2025, the sign-up bonus on The American Express Business Platinum Card is increased to 120,000 Membership Rewards points. This would convert to 120,000 Avios! The spend target is changed to £12,000 within three months of approval. T&C apply. Click here to apply.
SPECIAL OFFER: Until 14th October 2025, the sign-up bonus on The American Express Business Gold Card is TRIPLED to 60,000 Membership Rewards points. This would convert to 60,000 Avios! The spend target is changed to £6,000 within three months of approval. The card remains free for the first year. T&C apply. Click here to apply.
The American Express Business Platinum Card
120,000 points when you sign-up and an annual £200 Amex Travel credit Read our full review
The American Express Business Gold Card
60,000 points sign-up bonus and FREE for a year Read our full review
Capital on Tap Pro Visa
10,500 points (=10,500 Avios) plus good benefits Read our full review
Capital on Tap Visa
NO annual fee, NO FX fees and points worth 0.8 Avios per £1 Read our full review
British Airways American Express Accelerating Business Card
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
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