A warning has been issued to Tesco shoppers with a Clubcard. It comes as £16 million worth of Clubcard vouchers that must be used before they expire this month.
Financial guru Martin Lewis posted the update in his Money Saving Expert newsletter. Tesco Clubcard vouchers are issued to be used within two years.
It now means that coupons issued in February 2021 will expire at the end of this month. Customers can use the coupons both in-store and online to save money on their weekly grocery bill, the Mirror reports.
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They can also be used to reduce the cost of fueling the car or can be exchanged for rewards that are worth more. Tesco Clubcard vouchers can only be valid for two years, but Money Saving Expert has shared a “crafty” way shoppers can extend them even further.
To do this, the Money Saving Expert website said you need to “make a small purchase” on Tesco’s Clubcard rewards page online. The website founded by Martin Lewis said this cannot be done in the store or on other Tesco pages.
For example, with your Clubcard points, you can get a £1.50 voucher to spend at a restaurant chain like Zizzi, Cafe Rouge or Bella Italia by spending 50p in Clubcard points.
If you do this, the remaining balance is credited back to your Clubcard account in the form of points. These refunded Clubcard points will be reissued as new vouchers, with an expiration date up to two years in the future, the next time you receive a batch.
The Money Saving Expert website said: “So if you spend 50p on a £10 Clubcard voucher, you’ll get £9.50 as new vouchers.” The Money Saving Expert site added that there was “no minimum spend” for the coupon, but the goal was to “pay as much as possible.”
He also said that you’ll need to do this for each individual coupon you have, so you need to “evaluate” if it’s really worth it for small coupons. The Money Saving Expert site added: “If you have a £10 coupon, it’s probably worth it; if you have a handful of £1 coupons, maybe less.”
If you’re not sure if you have Tesco coupons that are about to expire, you can view your Clubcard account statement and see how many points you have in your Tesco Clubcard account. You can log in via the Tesco website under ‘My Clubcard’ or the Tesco Clubcard app.
Clubcard holders earn one point for every £1 they spend at Tesco. Each point is worth one cent in vouchers and you receive them every three months with your Clubcard statement.