Does anyone recollect when in November these changes come in.
I have an old Tesco finest platinum card.
According to the MSE article (link in post #2)
"Tesco World credit card users (Visa or Platinum): From 1 November, existing customers (they're no longer on sale to new customers) will see the points they earn on non-Tesco spends slashed from one point per £2 spent, to one point per £8."
2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter
South facing (-5 deg), 30 degree pitch, no shading
Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the end
What to do? Which one do I change to now? I only got the Tesco Credit Card because on average I spend about £1K a month and I always paid in full and it was nice to get the Tesco clubcard points.
I've tried having a little look around and all these APR rates and cashback things have given me a headache.
Do I just use my bank card from now or are there any fabulous-tastic credit cards out there?
If you do not do anything else you will still be better off using your Tesco credit card than your bank card. Spending £1k will still get you 125 clubcard points per month.
If you do not do anything else you will still be better off using your Tesco credit card than your bank card. Spending £1k will still get you 125 clubcard points per month.
Only if it is one single transaction of £1000 or every single transaction amount is an exact multiple of £8
2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter
South facing (-5 deg), 30 degree pitch, no shading
Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the end
I've just received my clubcard statement to find a really low Tesco Bank amount of points from my credit card. I'm sooooo cross.
I have not received any letter from them and it's a complete shock.
Having phoned them they said it was in a statement, then she changed this to a separate letter around September.
It's not on my clubcard account online, my credit card statement, on any receipts in store or in my clubcard letter and hasn't been over the last few months. I've received no email about it either.
She said that's Royal Mail's fault. How convenient. Surely just before a massive Christmas spend a company as large as Tesco could find more than one way to notify customers. They should be completely transparent.
Does anyone have a copy of the letter? I've raised a complaint and have asked to take today as notification of the changes as they have numerous ways of contacting customers.
I've just received my clubcard statement to find a really low Tesco Bank amount of points from my credit card. I'm sooooo cross.
I have not received any letter from them and it's a complete shock.
Having phoned them they said it was in a statement, then she changed this to a separate letter around September.
It's not on my clubcard account online, my credit card statement, on any receipts in store or in my clubcard letter and hasn't been over the last few months. I've received no email about it either.
She said that's Royal Mail's fault. How convenient. Surely just before a massive Christmas spend a company as large as Tesco could find more than one way to notify customers. They should be completely transparent.
Does anyone have a copy of the letter? I've raised a complaint and have asked to take today as notification of the changes as they have numerous ways of contacting customers.
Me and my OH both got letters, they've been shredded though, so can't share unfortunately. They came separate to the statement though. I'd've thought they could have put a notice on the statements too, but hey ho. I never spent enough on that card for it to make much of a difference!
Today I said goodbye to the Tesco Credit card I must have got hundreds of pounds back over the last few years in vouchers... But its just not worth it now! I have moved to the Asda card, 0.5% back on purchases is better than nothing, and I now actually live closer to an Asda!
I still dislike paying full price for food in chain restaurants though!
I've just taken out their card for a big purchase on a long 0% on purchases offer. It was the best spending card offer at the time, but at the time their reward points scheme didn't compare well with the tesco one for me.
They have now! 1 point for every £5 spent outside M&S instead of every £2 from end of Feb.
Still 1 point for £1 inside M&S.
Had a look for a better offer but it's pretty thin on the ground now.
Replies
According to the MSE article (link in post #2)
"Tesco World credit card users (Visa or Platinum): From 1 November, existing customers (they're no longer on sale to new customers) will see the points they earn on non-Tesco spends slashed from one point per £2 spent, to one point per £8."
South facing (-5 deg), 30 degree pitch, no shading
2021 (offset) YTD £1375.00
Only if it is one single transaction of £1000 or every single transaction amount is an exact multiple of £8
South facing (-5 deg), 30 degree pitch, no shading
2021 (offset) YTD £1375.00
I have not received any letter from them and it's a complete shock.
Having phoned them they said it was in a statement, then she changed this to a separate letter around September.
It's not on my clubcard account online, my credit card statement, on any receipts in store or in my clubcard letter and hasn't been over the last few months. I've received no email about it either.
She said that's Royal Mail's fault. How convenient. Surely just before a massive Christmas spend a company as large as Tesco could find more than one way to notify customers. They should be completely transparent.
Does anyone have a copy of the letter? I've raised a complaint and have asked to take today as notification of the changes as they have numerous ways of contacting customers.
Me and my OH both got letters, they've been shredded though, so can't share unfortunately. They came separate to the statement though. I'd've thought they could have put a notice on the statements too, but hey ho. I never spent enough on that card for it to make much of a difference!
https://yourcommunity.tescobank.com/t5/News/Changes-to-Clubcard-benefits-for-credit-card-users/m-p/2180#U2180
In store spending attracts 5 points per £4 of spending (on qualifying purchases). Out of store spending is now 1 point per £1 of qualifying spending.
Other credit card lenders (such as Capital One, M&S Bank etc) have also cut or reduced their credit card rewards on the back of the EU ruling.
Rest assured others will follow suit in the coming weeks and months (or follow Santander and increase/introduce an Annual Fee).
I think there might be a typo there. is it not 1 point per £8 spending out of store?
£8 = 1 point.
£15.99 = 1 point.
£16 = 2 points.
etc
I still dislike paying full price for food in chain restaurants though!
They have now! 1 point for every £5 spent outside M&S instead of every £2 from end of Feb.
Still 1 point for £1 inside M&S.
Had a look for a better offer but it's pretty thin on the ground now.