Tesco Clubcard devalues Cosmos holiday rewards – what next?

This is a slightly peripheral article for Head for Points, but in the last few days Cosmos has drastically reduced the value of Tesco Clubcard points if you use them for a holiday.

Historically, you could convert your Clubcard tokens into Cosmos holiday vouchers at 3x face value, with a £300 per person cap.   This was a very good deal, if Cosmos if your ‘thing’.

The deal has now worsened dramatically.  You can now only convert your vouchers at 2x face value.  More drastically for heavy points collectors, the maximum discount you can have per person is just £100.

Over the last couple of years, the overall value of Tesco Clubcard has been sharply reduced.  If you converted to Avios or Flying Club miles, you won’t have realised it, but it has been going on.

Of course, some of the jumbo deals in the past were just too good to last.  When Motorpoint joined, they were letting you get a discount on a car for 4x the face value of your vouchers, with no cap.  Plenty of heavy collectors got a free car!

Similarly, Virgin Holidays let you redeem at 4x face value with no cap.  Lots of people got a lot of totally free holidays from that.

Most Clubcard deals are now just 3x face value.  It is difficult to see where the real value is these days.  I would suggest:

Goldsmiths still let you buy watches and jewellery at 3x face value with no cap

Safestore (where I have been redeeming recently) gives you 3x face value with no cap

Some of the cruise offers still give 3x face value, with no cap

This article from last year looks at the other travel deals you can get for Clubcard points and whether they are worth a look – the answer was generally ‘no’!

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How to earn Avios from UK credit cards (June 2021)

As a reminder, there are various ways of earning Avios from UK credit cards.  Many cards also have generous sign-up bonuses!

There are two official British Airways American Express cards:

You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points, such as:

We also recommend Capital On Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card:

Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.

(Want to earn more Avios?  Click here to visit our home page for our latest articles on earning and spending your Avios points and click here to see how to earn more Avios this month from offers and promotions.)