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Tesco Clubcard to Virgin Atlantic conversion rate cut to £1 = 200 Virgin Points

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If you have a Tesco Clubcard account, you should have had an email last week about a substantial devaluation of Clubcard partner rewards.

From 14th June, the conversion rate for all partner rewards drops from 3x face value to 2x.

This means, for example, that £10 of Tesco Clubcard points will only get you £20 of Hotels.com credit instead of the current £30.

Tesco Clubcard to Virgin Atlantic conversion rate cut

To soften the blow slightly, any Tesco Clubcard vouchers you redeem now for partner vouchers will be valid for 12 months instead of the usual six months. This offer runs until 13th June. The idea is that you can cash in now and think later about what you will use them for.

With Avios and Hilton Hotels gone as Clubcard partners, the scheme has become less relevant for HfP readers. We wrote this detailed article here about the best travel-related partner offers still available.

What about transfers to Virgin Points?

Whilst Avios withdrew from Clubcard in early 2021, Virgin Points has (and will continue to be) a Tesco Clubcard partner.

The email sent out by Tesco last week was not clear about the future of transfers to Virgin Points.

I have spoken to Virgin and the position is this.

Transfers into Virgin Points from 21st July 2023 will convert at the rate of 100 Clubcard points (£1) = 200 Virgin Points.

Tesco Clubcard to Virgin Atlantic conversion rate cut

This is a drop from the current rate of £1 = 250 Virgin Points.

21st July is the change date for those who auto-convert, to avoid confusion over the rate reducing midway through a Clubcard statement period. If you convert manually, the rate will change on 14th June.

The ratio between Virgin Points and other redemptions has improved

Whilst you are clearly getting fewer Virgin Points for every £1 of Tesco Clubcard vouchers you redeem, Virgin Points are – proportionately – going to be better value.

Here’s an example.

At the moment, 100 Clubcard points gets you £3 of partner vouchers or 250 Virgin Points. You are effectively ‘paying’ 1.2p per Clubcard point, because you are giving up £3 of partner vouchers.

Following the change, 100 Clubcard points gets you £2 of partner vouchers or 200 Virgin Points. You are now effectively ‘paying’ just 1p per Virgin Point.

(In reality these numbers are inflated, because very few Clubcard partner redemptions genuinely get you 3x face value. Bookings at Hotels.com using Clubcard vouchers do not earn Hotels.com Rewards credit, for example, which is worth 8% of your spending.)

If you didn’t previously consider Virgin Points to be good value compared to other Clubcard redemptions, you may want to think again.

If you want to earn more Virgin Points, our review of the Virgin Atlantic Reward+ Mastercard credit card is here (15,000 bonus points) and our review of the free Virgin Atlantic Reward Mastercard credit card is here.


How to earn Virgin Points from UK credit cards

How to earn Virgin Points from UK credit cards (July 2024)

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

You can choose from two official Virgin Atlantic credit cards (apply here, the Reward+ card has a bonus of 18,000 Virgin Points and the free card has a bonus of 3,000 Virgin Points):

Virgin Atlantic Reward+ Mastercard

18,000 bonus points and 1.5 points for every £1 you spend Read our full review

Virgin Atlantic Reward Mastercard

3,000 bonus points, no fee and 1 point for every £1 you spend Read our full review

You can also earn Virgin Points from various American Express cards – and these have sign-up bonuses too.

American Express Preferred Rewards Gold is FREE for a year and comes with 20,000 Membership Rewards points, which convert into 20,000 Virgin Points.

American Express Preferred Rewards Gold

Your best beginner’s card – 30,000 points (TO 16TH JULY), FREE for a year & four airport ….. Read our full review

The Platinum Card from American Express comes with 40,000 Membership Rewards points, which convert into 40,000 Virgin Points.

The Platinum Card from American Express

40,000 bonus points AND (to 27th August) £400 to spend at Amex Travel Read our full review

Small business owners should consider the two American Express Business cards. Points convert at 1:1 into Virgin Points.

American Express Business Platinum

40,000 points sign-up bonus and an annual £200 Amex Travel credit Read our full review

American Express Business Gold

20,000 points sign-up bonus and FREE for a year Read our full review

Click here to read our detailed summary of all UK credit cards which earn Virgin Points

(Want to earn more Virgin Points?  Click here to see our recent articles on Virgin Atlantic and Flying Club and click here for our home page with the latest news on earning and spending other airline and hotel points.)

Comments (34)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • Colin_Thames says:

    Rob,
    Do you mean “At the moment, 100 Clubcard points gets you £3 of partner vouchers or 250 VIRGIN points. You are effectively ‘paying’ 1.2p per Clubcard point, because you are giving up £3 of partner vouchers.
    Following the change, 100 Clubcard points gets you £2 of partner vouchers or 200 VIRGIN points. You are now effectively ‘paying’ just 1p per Virgin Point.”?

  • Richard S says:

    Any body had their Tesco points from Feb. Convert to VS points yet ?

  • ianM says:

    Tesco has been by far the best scheme, but the lack of bonus points and latest devaluation means the end of the glory years. Sainsburys just as bad, and more expensive in store by far, the Christmas double-up on wine was their only redeeming feature.
    Something else probably the fault of Brexit 🙂

  • ChasP says:

    I have not had an e mail from Tesco – only learning about the devaluation from here a couple of days ago

  • Alex W says:

    I guess this means there won’t be any more transfer bonuses to Virgin! Time to transfer our last £180 of Clubcard vouchers.

  • TM says:

    There goes the free Eurotunnel every year for skiing 🙁

  • Scott says:

    My Tesco spend probably doesn’t even hig £10/year these days. Since Covid and the introduction of clubcard prices, the place doesn’t interest me. Seems old and shabby, and unless you want endless offers on chocolate, not much attracts me to them.

    Even Sainsbury Nectar bonuses are losing their shine for me. Yes there are times when I get a half decent number of points, but a lot of the time, I can book a cheap flight and earn more Avios.
    I still buy certain things with say 50-120 points on, but I’m not going out of my way quite as much to get 45p of points on a £1.90 sourdough loaf for example.

    Used to have a few banking products going, but once things like my car and travel insurances shot up by 40-50% for the renewals, I was off elsewhere.

This article is closed to new comments. Feel free to ask your question in the HfP forums.

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