Tesco offering targeted 24,000 Avios for opening their bank account …. general offer on the way?

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When Tesco Bank launched its current account last year, it was done very quietly. They wanted to make sure that their systems worked and did not want to attract a huge rush of business on Day One.

The problem with this strategy is that it has made the account uncompetitive. Marks & Spencer is offering £100 if you switch your current account to them. First Direct is also offering £100. Tesco is offering nothing.

I have written a few times on HFP that I expected a 10,000 Clubcard points offer to materialise eventually. It has now arrived – but only for targeted customers.

10,000 Clubcard points, of course, will convert into 24,000 Avios points or 25,000 Virgin Flying Club miles.

Tesco Bank 10,000

Tesco Bank emailed some existing customers yesterday with an offer of 10,000 Clubcard points if you open a Tesco current account and move your banking across. It appears that you do NOT need to agree to your existing current account being closed to qualify.

This offer is targeted. The email sends you to the standard website for Tesco Bank where this offer is NOT mentioned – Tesco will presumably work out manually who qualifies and who does not.

Whilst you can never guarantee that this offer will eventually be made generally available, it would not surprise me. 10,000 Clubcard points simply matches the £100 offers from M&S and First Direct. You’ll hear about it here first if and when it happens.

How to earn Avios points from UK credit cards

How to earn Avios from UK credit cards (December 2021)

As a reminder, there are various ways of earning Avios points from UK credit cards. Many cards also have generous sign-up bonuses!

There are two official British Airways American Express cards with attractive sign-up bonuses:

British Airways BA Amex American Express card

British Airways American Express

5,000 Avios for signing up, no annual fee and an Economy 2-4-1 voucher for spending ….. Read our full review

British Airways BA Premium Plus American Express Amex credit card

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

You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points, such as:

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

Run your own business?

We recommend Capital On Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card, along with a sign-up bonus worth 10,500 Avios:

Capital On Tap Business Rewards Visa

The most generous Avios Visa or Mastercard for a limited company Read our full review

You should also consider the British Airways Accelerating Business credit card. This is open to sole traders as well as limited companies and has a 30,000 Avios sign-up bonus: