Tesco Xmas Clubcard Vouchers

where_are_we

" We’re making some changes to Clubcard Christmas Savers for 2024

Top-ups will only be available from 26 December 2023 to 1 April 2024. Between these dates, you can still top up to a maximum of £360 and receive up to a £12 bonus on us* "

I will not be participating in 2024! Previously you could buy your top-ups as late as October 18 giving you a £6 bonus on a £100 spend and use about a month later. Lets hope the other supermarkets are not so mean with their Xmas 2024 schemes!

35har1old

where_are_we said:

" We’re making some changes to Clubcard Christmas Savers for 2024

Top-ups will only be available from 26 December 2023 to 1 April 2024. Between these dates, you can still top up to a maximum of £360 and receive up to a £12 bonus on us* "

I will not be participating in 2024! Previously you could buy your top-ups as late as October 18 giving you a £6 bonus on a £100 spend and use about a month later. Lets hope the other supermarkets are not so mean with their Xmas 2024 schemes!

I perfer to  buy gift cards at a discount of 5% which give you a instant gain every time.plus using a Chase card gives you the 1%

HonestJohn

35har1old said:

where_are_we said:

" We’re making some changes to Clubcard Christmas Savers for 2024

Top-ups will only be available from 26 December 2023 to 1 April 2024. Between these dates, you can still top up to a maximum of £360 and receive up to a £12 bonus on us* "

I will not be participating in 2024! Previously you could buy your top-ups as late as October 18 giving you a £6 bonus on a £100 spend and use about a month later. Lets hope the other supermarkets are not so mean with their Xmas 2024 schemes!

I perfer to  buy gift cards at a discount of 5% which give you a instant gain every time.plus using a Chase card gives you the 1%

Where do you get Tesco gift cards at a discount?

meldrew56

Had email yesterday from Tesco saying that from April we can no longer pay into the Christmas savers scheme, no explanation as to why. It was a good scheme to help out with the cost of Christmas, a life saver for cash strapped families I expect. One of the reasons for shopping at Tesco was this scheme.

35har1old

HonestJohn said:

35har1old said:

where_are_we said:

" We’re making some changes to Clubcard Christmas Savers for 2024

Top-ups will only be available from 26 December 2023 to 1 April 2024. Between these dates, you can still top up to a maximum of £360 and receive up to a £12 bonus on us* "

I will not be participating in 2024! Previously you could buy your top-ups as late as October 18 giving you a £6 bonus on a £100 spend and use about a month later. Lets hope the other supermarkets are not so mean with their Xmas 2024 schemes!

I perfer to  buy gift cards at a discount of 5% which give you a instant gain every time.plus using a Chase card gives you the 1%

Where do you get Tesco gift cards at a discount?

It's a perk offered by my electric supplier Power Ni and Click Energy excess to discounted gift cards from a number of companies

HonestJohn

35har1old said:

HonestJohn said:

35har1old said:

where_are_we said:

" We’re making some changes to Clubcard Christmas Savers for 2024

Top-ups will only be available from 26 December 2023 to 1 April 2024. Between these dates, you can still top up to a maximum of £360 and receive up to a £12 bonus on us* "

I will not be participating in 2024! Previously you could buy your top-ups as late as October 18 giving you a £6 bonus on a £100 spend and use about a month later. Lets hope the other supermarkets are not so mean with their Xmas 2024 schemes!

I perfer to  buy gift cards at a discount of 5% which give you a instant gain every time.plus using a Chase card gives you the 1%

Where do you get Tesco gift cards at a discount?

It's a perk offered by my electric supplier Power Ni and Click Energy excess to discounted gift cards from a number of companies

I used to get them from my energy company before they went bust. Not found anywhere else I can get them.
I have left the Clubcard Christmas Saver now as there is little going for it.

WillPS

It's still quite useful as a way of preventing vouchers from being issued too regularly - useful if you prefer to save up and go for bigger redemptions.

I wonder why Tesco have done this - I suspect they might be planning to move to a more straightforward 'top up a gift card' arrangement as most of their competitors have implemented already.

subjecttocontract

WillPS said:

It's still quite useful as a way of preventing vouchers from being issued too regularly - useful if you prefer to save up and go for bigger redemptions.

I wonder why Tesco have done this - I suspect they might be planning to move to a more straightforward 'top up a gift card' arrangement as most of their competitors have implemented already.

Paying £200 in just before April 1st & having £212 in November is equivalent to around 8%pa guaranteed return. As I can't get an 8% return anywhere now and as interest rates continue to fall I shall be taking advantage of this offer.

Tesco will have decided they need to cut costs & improve profitability and this will be contributing to the plan.

Sharpiepr67

My wife and I have been regular users of the Tesco Christmas Savers top up scheme since it started. I have received an email informing me that they are stopping this scheme on the 1st April 2024. I find this very disappointing as it was a great way to save for Christmas, as you got your savings, which was boosted by up to £12 if you saved £200 or more ( giving you a yield of 6% which you would never get at a bank or savings account ), plus all your Clubcard vouchers you have accrued over the year. At the time a of this Cost of Living Crisis we are in I think it is a kick in the teeth for people like us that have to budget carefully for Christmas.
I have contacted Tesco and I am awaiting a reply.
Is there any way Martin Lewis can look into this as my single voice will I suspect have very little impact.

MSE_James

Hi @Sharpiepr67 - we've moved your post into a thread where these changes are already being discussed.

(I also flagged this change by Tesco to colleagues here at MSE last week)

subjecttocontract

subjecttocontract said:

WillPS said:

It's still quite useful as a way of preventing vouchers from being issued too regularly - useful if you prefer to save up and go for bigger redemptions.

I wonder why Tesco have done this - I suspect they might be planning to move to a more straightforward 'top up a gift card' arrangement as most of their competitors have implemented already.

Paying £200 in just before April 1st & having £212 in November is equivalent to around 8%pa guaranteed return. As I can't get an 8% return anywhere now and as interest rates continue to fall I shall be taking advantage of this offer.

Tesco will have decided they need to cut costs & improve profitability and this will be contributing to the plan.

Tesco have now upped the bonus to £17 on £200 deposit. That equals around 15% return. Best offer I've seen all week.