Tesco to slash value of Clubcard from December
Hey exciting Tesco Clubcard loyalty scheme customers! Have you been saving up your Clubcard vouchers? Were you thinking that you might swap 'em for something at four times their value?
Perhaps you were going to snag a holiday with them or something?
Well, you better hurry up because Tesco will be cutting the reward rates from 6th December from being four times the value to three times the value.
Currently, £10 in Clubcard vouchers can be exchanged for a £40 token to spend on food at places like Pizza Express and Café Rouge, but from 6th December you'll only get a £30 token in exchange for a £10 voucher. You'll have to act sharply if you want to reap the benefits of the latest Clubcard offer where you can exchange every £5 in vouchers online for £10 in rewards tokens to spend in selected stores.
The last date to exchange your vouchers online at the higher rates is 5th December. For full details see tesco.com/clubcard.
Tesco has justified this change to customers by highlighting their decision to continue giving shoppers double points where, for each £1 spent on products that qualify for points either in-store or online, customers now get two points rather than one.
"Double points means we send out more vouchers, so customers have more value to spend with our rewards partners. To help both Tesco and our partners manage this increase (after all, there are only so many seats in a restaurant or rooms in a hotel), we will be making changes to our rewards rates."
At the start of this month, Clubcard points earned on fuel purchases went down from one point per £1 spent to one point per £2 spent. Also, Tesco are looking to close accounts that have not been used for the last two years.