MILLIONS of Tesco shoppers have just two weeks to make sure they don’t miss out on Clubcard points.
The supermarket giant is cutting how much customers can transfer into reward partner vouchers.
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From June 14, Clubcard points spent with reward partners will be worth less.
Customers can currently exchange and triple the value of these vouchers at various reward partners including Pizza Express and Zizzi.
But from June 14, Clubcard vouchers will only be worth double their value if exchanged at any of Tesco’s 100 reward partners.
The move will mean that their value won’t go as far as it used to on things like family days out at Alton Towers Resort, meals at PizzaExpress, sunny getaways with Hotels.com and much more.
If you’re planning on using your points for vouchers, exchange them or they’ll be worth a lot less after two weeks.
Customers wishing to avoid the points devaluation for as long as possible can do so by ordering partner codes before June 14.
Rewards ordered up to and including June 13 will still be valid one year from the date of issue – so if you ordered them on June 10, they’ll expire June 10 2024.
Alessandra Bellini, chief customer officer at Tesco said: “While we are making a change to how members can use their vouchers with our Reward Partners, we want to remind millions of Clubcard holders to redeem their vouchers at 3x the value until 13 June so they can use their Reward Partner codes to give themselves and their families a well-deserved treat.
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“We have extended the validity of redeemed codes at the 3x rate, so if swapped before the deadline, they will be valid for a year, instead of six months, to give customers even more time to enjoy them.”
Change to points for fuel from June
Drivers using Clubcards can currently get one point for every £2 of fuel they buy.
From June 14, you will collect one point for every two litres instead.
The current average cost of a litre of unleaded in the UK was 145.69p as of May 5, according to the RAC, so two litres cost almost £2.91.
That means the majority of people will be getting less Clubcard value from buying fuel.
The change excludes Esso filling stations with a Tesco Express store.
For Tesco Bank customers, the number of points you collect will also depend on whether you use your card to collect points for fuel, to pay for fuel, or both.
How does the Tesco Clubcard scheme work?
Tesco’s Clubcard was launched in 1995, allowing shoppers to earn points as they shop which can then be turned into vouchers for money off food or other partner schemes.
Each time you spend £1 in store and online, you get one point when you scan your card or app.
You also get one point for every £2 spent on fuel.
One point equals 1p, so 150 points gets you £1.50, for example.
You’ll need a minimum of 150 points to request a voucher.
Once you have enough points, you can turn them into vouchers worth the face value to spend in store at Tesco, or you can triple their worth to spend at reward partners, including restaurants, and on days out.
Clubcard holders also get cheaper prices on some items compared to those without the loyalty card.
How can I save on my supermarket shop?
There are many ways you can cut costs on your groceries.
Firstly, take advantage of supermarket schemes as the majority offer them and it’s an easy way to earn points and save cash.
We’ve got some great tips on how to make the most of the loyalty schemes you’re signed up to here.
Keep an eye out for offers too.
For example, Morrisons is currently offering shoppers 5p off a litre of fuel when they spent £35 in store and online.
There are cheap food clubs run by local community groups or charities floating around.
They’re different to food banks because you don’t need to be referred by anyone to join one.
These clubs link up with local supermarkets, who donate food nearing their sell-by date.
They are usually run from public places, such as church halls.
There are also food waste apps to make use of.
The Too Good To Go app, for instance, matches you with local food outlets that have food left at the end of the day to sell for less.
You pay from £1 to £7 for a ‘magic’ bag or box from a local business that contains a surprise mix of products.
Do you have a money problem that needs sorting? Get in touch by emailing [email protected]
