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Information about your benefits and changes to your card

Premium Credit Card
Premium Credit Card

We hope you’re enjoying the benefits your Premium Credit Card brings and the wide range of rewards you can take advantage of.

  • The great thing about your card is that it’s the fastest way to collect Tesco Clubcard points when you shop, meaning you can do more of the things you love, sooner. And all without having to change the way you shop.
  • If you need a reminder of the benefits the card gives you for your annual fee, look no further, we’ve provided a handy summary below.

Your credit card's Benefits and Terms & Conditions are changing

Starting from 1st February 2019 we'll be making some changes to your Premium Credit Card. From this date, you'll continue to receive the same benefits as you do currently, until you reach the next anniversary of your account opening. After this anniversary, you will have updated benefits and a new set of Terms and conditions will apply. We're sending you a letter to confirm when exactly this will happen.

Premium Credit Card benefits

Tesco Clubcard points

Using your Premium Credit Card is the fastest way to collect Clubcard points when you shop, helping you do more, see more and experience more sooner.

Your Premium Credit Card doubles as your Clubcard. That means for every £1 spent (£1 minimum) on your card at Tesco, you’ll not only collect your normal 1 Clubcard point for your shopping, you’ll also collect an extra Clubcard point on top so you’ll be collecting twice as fast on most purchases.

Don’t forget, you’ll also collect 1 Clubcard point for every £4 spent (£4 minimum) on your card outside of Tesco whether it’s online or on the high street.

It’s also worth knowing

  • There are some products at Tesco you won’t collect Clubcard points on. Find out more at the Clubcard website. Clubcard points also can’t be collected on some transactions including Tesco Travel Money purchases, balance transfers, money transfers and gambling transactions.
  • The Clubcard points collection rates apply to each purchase transaction and are subject to change.
  • You must have available credit on your card.
  • The Tesco Clubcard Scheme is administered by Tesco Stores Limited, Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, AL7 1GA, who are responsible for fulfilling points.

Tesco Clubcard Reward Partners

Once you have collected 150 Clubcard points, you get a £1.50 Clubcard voucher and Clubcard vouchers are sent out four times a year in the Clubcard statement. If you don't want to wait you can download and use the Clubcard vouchers within 24 hours with Faster Vouchers.

You can spend your Clubcard vouchers on your shopping at Tesco or you can get even bigger savings with Clubcard Reward Partners, up to 3x your Clubcard voucher value to use for your next trip, a family day out, a meal or treat yourself or a loved one to something special.

Visit the Clubcard website to help you decide how to get the most from your Clubcard vouchers.

Tesco Clubcard points bonus

Once you’ve spent £5,000 in qualifying spend on your Premium Credit Card at Tesco in any year you’ll receive your 5,000 bonus Clubcard points (worth even more with Clubcard Reward Partners), increasing your Clubcard points total even further.

This benefit is changing

Once your new terms & conditions apply, after spending £2,500 in qualifying spend on your Premium Credit Card at Tesco in any year, you'll collect 2,500 bonus Clubcard points. You will only collect these bonus Clubcard points once per year. See the additional terms and conditions below.

Additional benefit terms and conditions

  • Qualifying spend includes any purchase transactions in Tesco Stores UK (excluding Tesco Mobile and Tesco Travel Money), Tesco.com (UK only), F&F Clothing and Tesco Petrol Filling Stations (UK only, excludes Esso).
  • A year begins on the date the account was opened and each anniversary of that date, and ends 12 months later.
  • Any refunds that you receive for returned items will be deducted from your total spend in that year. These Clubcard points will be added to your Clubcard Account within 45 days of the end of the relevant year and will be included in your next Clubcard statement after that.
  • The Tesco Clubcard Scheme is administered by Tesco Stores Limited, Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, AL7 1GA, who are responsible for fulfilling points.

Travel Insurance

Your card gives you access to worldwide annual Tesco Bank Premium Credit Card Travel Insurance if you’re aged under 70. Your immediate family members will also be covered if they’re under 70 years old too.

Planning on hitting the slopes? You and your family can enjoy 17 days of winter sports cover per year as standard.

Plus, you’ll have access to a 24 hour help and claims line for added reassurance as well as cover for emergency medical expenses, trip cancellation and personal belongings so you can get on with enjoying your trip.

We are removing travel insurance as a benefit

Your existing cover will remain in place until 11.59pm on the day before you move onto the new Terms and conditions. We are sending you a letter to confirm exactly when this is. After this date you'll no longer be insured to travel under this policy and will need to make other arrangements.

Keep in mind

  • The policy covers you, the primary cardholder and your immediate family members, which means spouse, co-habiting partner, civil partner and any dependent children including grandchildren, step-children and foster children under the age of 18.
  • Your policy does not cover pre-existing medical conditions and no other add-ons are available.
  • Monetary levels, excesses and exclusions apply.
  • Tesco Bank Premium Credit Card Travel Insurance is provided by Ageas Insurance Limited.

Travel Money

Off on your travels? As a Premium Credit Card customer, you’ll receive a 1% enhanced exchange rate on Tesco Travel Money when you buy at the in store bureau. So next time you’re in Tesco, why not pay the Tesco Travel Money Bureau a visit.

  • You’ll need to present your Premium Credit Card prior to purchase and be the named cardholder.
  • The offer applies to the advertised in store rate on the date of purchase for foreign currency notes and pre-paid foreign currency cards.
  • A 1% enhanced exchange rate is only available in store on currencies in stock and exchange rates may vary depending on whether you buy in store or online.
  • This benefit isn’t available in conjunction with any other Tesco Travel Money offer including Price Match.
  • Tesco Travel Money ordered in store is provided by Travelex Agency Services Limited. Registered no.04621879. Registered office: 4th floor, Kings Place, 90 York Way, London, N1 9AG.

Annual fee

We're reducing your annual fee

From 1st February 2019 we're changing your Terms and conditions to lower the annual fee to £36 per year. This reduced fee will be charged on the statement issued in the anniversary month of your account opening.

Have a question about your credit card?

Important information

Key product information

Some things to remember

  • Our credit facilities are available to over 18s and UK residents only, subject to status.

You can view the Benefits Terms and conditions below that will become effective on your next anniversary date on or after 1st February 2019:

You can view the Benefits Terms and conditions below that will apply until your next anniversary date on or after 1st February 2019:

Tesco Bank Credit Cards are provided by: Tesco Bank, PO Box 27028, Glasgow, G2 9FT.