MILLIONS of Tesco customers could lose their Clubcard points if they don’t take action now warns Martin Lewis.
The MoneySavingExpert.com (MSE) founder said that over £16million in Clubcard vouchers will expire this month.
Millions of Tesco Clubcard vouchers will expire at the end of the monthGetty
It means that over two million customers could be at risk of losing their vouchers if they don’t use them by 11:59pm on February 28.
The vouchers, which were first issued in February 2021, will expire on February 28 and will help households up and down the UK.
Customers can use vouchers in-store and online to knock money off their weekly shopping bill or cut the cost of filling up their car with fuel – or swap them for rewards worth more.
Alternatively, Tesco customers could extend the use of vouchers they have earned through the Clubcard loyalty scheme.
The MSE experts say you’ll need to do one simple thing that means you won’t lose points.
Just make a small purchase on the Tesco Clubcard Rewards website and you’ll get the remaining points credited back to your account.
For example you could get a 50p voucher to spend at restaurants like Hungry Horse pubs, Zizzi or Cafe Rouge.
It’ll give you £1.50 to spend at your chosen location, as the rewards are worth three times as much as the voucher value.
Note that you’ll need to do this for each individual voucher though, so weigh up if it’s actually worth it for smaller denominations.
For example, if you’ve a £10 voucher it’s probably worth it – if you’ve got a handful of £1 vouchers, maybe less so.
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.
For more loyalty schemes, you can read a full list and our verdict over which ones are worth it here.
Do you have a money problem that needs sorting? Get in touch by emailing [email protected]