Tesco 6% Interest on £100 Clubcard Vouchers over 2 months...

Cardozo

Hello,

I was looking at my clubcard statement online today and noticed the Christmas saver scheme, hopefully I'm right here. The way I read it, if you sign-up and have £100 worth of vouchers (either through points or cash top up) by the November statement (when they send the vouchers out) they'll give you a £6 bonus. You can only top up with you're own cash upto October the 21st when instore.

I suppose if you can afford to put £100 away for 2 months or just top up your £30 of vouchers with £70 cash, making £6 towards your groceries isn't that bad.

Probably won't interest many or you already know, but I'm new here and just putting it out there.

http://www.tesco.com/clubcard/clubcard/clubs.christmassavers.asp

no1catman

No, to get a 'bonus' voucher you need to add top-ups for £100, it is not related to how much you may have in clubcard points. Moreover, the bonus voucher should be used first, it has a short 'life', followed by the top-up vouchers - in store.

DominicH

Nevertheless, it's better than a poke in the eye with a sharp stick - a free £6 for putting £100 away until the November statement arrives.

exel1966

If you've any sense you'll only add the £100 to the account a day or two before the bonus is paid. In the meantime keep that £100 elsewhere earning some interest.

DominicH

Yes, a whole 1p per day interest. Anyway, as the OP says you have to do the top-up thing by 21st Oct.

Cardozo

no1catman wrote: »

No, to get a 'bonus' voucher you need to add top-ups for £100, it is not related to how much you may have in clubcard points. Moreover, the bonus voucher should be used first, it has a short 'life', followed by the top-up vouchers - in store.

Yeah that's right, my wording wasn't great. I've highlighted the change in red.

DominicH

I don't think the highlighted text is correct - as no1catman says, the bonus vouchers depend solely on top-ups, not on Clubcard points.