co op extra points for members

kittycatface

Co op 50 membership pts wys £5 on fruit and veg in 1 transaction between 1st and 15 june. worth 50p in rewards. hth

surfsister

could combine with the £1 off veg/fruit which came with the Co-Op dividend cheque!

building_with_lego

One point does not neccessarily equal one pence though, last year it was 2.4p IIRC. I've just tried to find out this year's value but couldn't find it!

(Cooperative membership website says this:Each year we work out the value of a point. The value is linked to the financial performance of The Co-operative Group. At the end of each trading period we will calculate the points you have earned. These will be converted into a cash value based on how much a point is worth. )

steviedeal

For this payout the value of each point is 1.75p

kittycatface

from the t&c:

Offer is available to members of The Co-operative Group only. 50 bonus points are awarded when member spends £5 or more in a single transaction on Fruit & Vegetables between 01/06/12- 15/06/12. Multiple transactions are not valid and 50 bonus points will only be awarded once for the purpose of this promotion. Single qualifying transaction must be made in a Co-operative Group store within the qualifying categories. A valid Co-operative Membership card must be presented at check out. Points are awarded to the member and are non-transferable. A bonus point is valued at 1p for the purposes of this promotion. The points will be awarded in line with the member’s individual Share of the Profits calculation and within the Share of the Profits payment subject to The Co-operative Membership scheme standard terms and conditions. The Co-operative Group reserves the right to alter, cancel or withdraw the promotion without prior notice. This offer cannot be used in conjunction with any other offer. For more details on bonus points please visit https://www.co-operative.coop/terms/membershiptermsandconditions/#bonus.

hth am looking forward to my voucher in the dividend mailout, thanks for the advance notice!

comicmankev

I used these today and only noticed when I got home, but they charged me 1p for each voucher used!!! What a cheek!

juno

comicmankev wrote: »

I used these today and only noticed when I got home, but they charged me 1p for each voucher used!!! What a cheek!

No, it takes 1p off the total

steviedeal

yea, everytime one of the points vouchers goes through the till it deducts 1p off your shopping also.

rwgray

steviedeal wrote: »

For this payout the value of each point is 1.75p

Bear in mind that co-operative bonus points are always worth 1p each, not a proportionate share of the profits in the business.

http://www.co-operative.coop/terms/membershiptermsandconditions/#bonus

Also, with the exception of co-op bank accounts, your dividend and bonus points are all tax-free.

http://www.co-operative.coop/terms/membershiptermsandconditions/#5_3

Share of profits from bank accounts are taxed at source at 20%, so you only have to make a payment or reclaim with HMRC if you are not a basic-rate taxpayer.

Share and Enjoy!

Rich.x

labrador22

We regularly book travel through the co-op but have just received a letter stating that as they did not make a profit we will not receive any dividend. Coincidentally their terms and conditions web page is not available. Can they do this?

McKneff

Yes, they can, may I also point out that the original post is nearly 2 years old x