1000 Clubcard Points with Tesco Instant Access Savings Account

hulltrucker

I opened one of these accounts when they did the offer last year and it is still open - I just rang Tescos and asked them if I closed the account and opened a new one would I get the 1000 points this year - they said yes I would, so I suggested they might like to give me the 1000 points anyway and save themselves a lot of trouble - the guy I spoke to checked, confirmed that I would get my 1000 points by closing and reopening the account, but said that they could not just give me the points. I closed my account with him and he suggested leaving it until I get the cheque for the interest due on the account and then re-open it - so thats another £40 of Tesco deals for doing a bit of paperwork - suits me!

charis18uk

surfsister wrote: »

hubbie and I opened one each last year and both got points surely if you both have a tescos clubcard it's a bit mean to stop one of you getting the points isn't it? Have they changed the terms and conditions?

I'll just go rewrite that cheque:T

Harrietxxx

Just a word of warning not to leave it too late, I missed out last year as I tried to open the account at short notice, give yourself a good three weeks before to get it sorted.

I will not be so tardy this year, thanks OP :T

ujb_98

claren wrote: »

What a nasty comment - you need to learn some manners!

Agreed Claren

heather2209

exscuse my ignorance hear, but how much is 1000 tesco points actually worth|?? I rarely shop at tesco, but do have a card.
thanks
heather

WELSH-DRAGON_2

Hiya Heather 1,000 tesco clubcard points is worth £10 in store when using your blue clubcard vouchers or £40 when converted into clubcard deals.

The tesco website has more information on deals etc. I am quite tempted to do this myself.

Welshy x

heather2209

hmm sounds interesting, i might just give it a go, i have 1000gbp, currently sitting in a savings account, so I will take it frome there, and then put back in when I have rwceived the clubcard points.

Thanks for the advice.
Heather

stphnstevey

Can anyone confirm if you AND your partner can open one?

(Also shouldn't this be moved to the savings board?)

pennypuppy

good one thanks op. Now does that mean we can pay in the 1000 into the tesco store on the 18th I wonder?

System

oldagetraveller wrote: »

The 5.25% rate only applies to £50000+ balances. It's only 4.1% for balances between £1 and £2999

technically, this will COST me the lost interest while the cheque/ bank transfer is in progress from my other account

ALSO, as this pay LESS interest than my other account I lose more interest.

Technically speaking this isn't free as there is the loss of other interest earned.

However, 1000 cc points are worth considerabley more than the lost interest - so a profit to be made.

Darktechno was actually correct IMO - if a little harsh! :cool:


NOTE - if you take it out of your ISA you'll have to use another £1k of your allowance to put it back in.