A warning has been issued to Tesco shoppers with a Clubcard. It comes as £16million worth of Clubcard vouchers need using before they expire this month.
Financial guru Martin Lewis issued the update in his Money Saving Expert newsletter. Tesco Clubcard vouchers are issued to be used within two years.
It now means vouchers issued in February 2021 will expire at the end of this month. Customers can use the vouchers both in-store and online to knock money off their weekly shopping bill, reports the Mirror.
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They can also be used to cut the cost of filling up the car with fuel or be swapped for rewards worth more. Tesco Clubcard vouchers may only be valid for two years - but Money Saving Expert has shared a "crafty" way shoppers can extend them further.
To do this, the Money Saving Expert website said you should "make a small purchase" on Tesco's Clubcard Rewards page online. The Martin Lewis-founded website said this cannot be done in-store or on other Tesco pages.
For example, with your Clubcard points, you can get a £1.50 voucher to spend at a chain restaurant like Zizzi, Cafe Rouge, or Bella Italia by spending 50p worth of Clubcard points.
If you do this, the remaining balance is credited back to your Clubcard account as points. These refunded Clubcard points will then be reissued as new vouchers, with an expiry date of up to two years in the future, when you next get a batch.
The Money Saving Expert website said: "So if you spend 50p using a £10 Clubcard voucher, you'll get £9.50 back as new vouchers." The Money Saving Expert site added there was "no minimum spend" for the voucher but the aim was "shell out as much as possible".
It also said that you will need to do this for each individual voucher you have so you should "weigh it up" if it is actually worth it for the small vouchers. The Money Saving Expert site added: "If you've a £10 voucher it's probably worth it – if you've got a handful of £1 vouchers, maybe less so."
If you are unsure if you have Tesco vouchers about to expire, you can view your Clubcard statement, and see how many points you have, on your Tesco Clubcard account. You can log on to this through the Tesco website under 'My Clubcard' or the Tesco Clubcard app.
Clubcard holders earn one point for each £1 spent at Tesco. Every point is then worth a penny in vouchers and you receive these every three months with your Clubcard statement.
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