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

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• zapato1060 says:

  21 Mar21 March 04:59

  Every little helps for them it seems and from 4x to 3x to 2x. Then they wonder why many like me have not set a foot in a Tesco for eons.

  • JDB says:

    21 Mar21 March 10:05

    @zapato1060 – Tesco has increased its market share, with well over a quarter of the UK grocery market while many others are slipping, so they must be doing something. They took the decision a few years to simplify the business and move away from non price promotions, eg Avios etc. which were anyway irrelevant to 90%+ of their customers. It may not suit you, but it’s been great for most customers and shareholders.

    • RussellH says:

      21 Mar21 March 10:30

      Share price had already dropped significantly long before SVB / CS nonsense.
      Nearest Tesco far too popular to be a pleasant place to shop, though.

    • ken says:

      21 Mar21 March 11:20

      Tesco’s market share is less now than it was in 2005

      The share price is lower now than almost anytime between 2000 and 2014

      Made a whole load of strategic and operational mistakes over last 2 decades.

      • QFFlyer says:

        21 Mar21 March 11:33

        I’d long since stopped bothered looking at Tesco’s share price, but I worked there for a while as a teenager and there was a share incentive scheme, which I eventually cleared out in 2007, around £6 per share. This was on top of a purchase program which set the price at the time of enrolment (£2.xx per share, if I remember correctly).

        Looks like that was the best time in the whole of the last 30 years to dump Tesco shares, by a long way. Just good timing and luck of course.

    • Harrier25 says:

      21 Mar21 March 19:30

      The only reason Tescos are the biggest supermarket in the UK is because they have more outlets than anyone else. Sainsbury’s are the 2nd biggest because they have more supermarkets than Asda. Although a few people go out their way to go shopping at their favourite supermarket, most just use their nearest most of the time for convenience.

  • Andrew says:

    21 Mar21 March 11:33

    To be fair to Tesco even 2x is extremely generous compared to the competition. Spend £1 in Tesco and receive 2p back in rewards. The Sainsburys/Nectar equivalent is 0.5p back for every £1 spend (although there are more bonus point earning opportunities)

• BJ says:

  21 Mar21 March 05:14

  There’s currently a Virgin Red refer a friend promotion for up to 20k points for referral made through end of this month. Qualifying activity which excludes points purchases anf transfers need to be within the next year I think.

  • SecretSquirrel says:

    21 Mar21 March 07:51

    Do you mean 2K points? That’s all I’m seeing on v red app

    • Rob says:

      21 Mar21 March 08:06

      2k x 10 friends.

• TimM says:

  21 Mar21 March 05:23

  Tesco invented the loyalty card. Now we are so conditioned into using them, Tesco seem little need in giving us any value from theirs.

  Like Zapato above, I walked away from Tesco a long time ago. The things I used to be only able to buy at Tesco, they stopped selling. Tesco cannot compete on value with Aldi or Lidl nor on choice with Sainsbury’s. With serial devaluations in Clubcard points, what now is the point of Tesco?

  • BJ says:

    21 Mar21 March 05:49

    Must be a youngster if you don’t recall Co-Op, Green Shield stamps etc.

    • TimM says:

      21 Mar21 March 06:58

      What Tesco introduced was a means of collecting data about individual shoppers. Co-op and Green Shield didn’t do that.

  • Rui N. says:

    21 Mar21 March 06:03

    Ask the people that make it the biggest chain, by revenue, in the UK?

    • TimM says:

      21 Mar21 March 06:59

      They should be asked.

      • Rui N. says:

        21 Mar21 March 08:36

        I know the answer, no need to worry: not everyone lives in your bubble and the same stuff doesn’t matter to them.

• captaindave says:

  21 Mar21 March 06:42

  Currently use Tesco a lot, mainly because the only alternative is a Morrisons where i live, and i have done ok out of some of the clubcard deals over the years, but will be moving to NorthernMonkey Land in next few months, then my nearest stores will be Aldi or Waitrose.
  There is a Tesco in a nearby town, but will probably sack them off given how they have gutted the CC scheme over the years, and we should be able to save decent money at Aldi, and even Waitrose basics are supposed to be ok these days..

  • RussellH says:

    21 Mar21 March 10:27

    We go to Morrisons for the Sunday afternoon price cuts.
    Our nearest Tesco is huge and often incredibly busy, and very unpleasant to visit as a result. But the next nearest one, while much smaller, is a very civilised and pleasant place to visit.
    But Aldi is just so much cheaper.

• GREYGOOSE says:

  21 Mar21 March 07:04

  Rob, your final section re ratio of virgin points needs correcting. In 2nd & 3rd paras I think you mean club card points buying virgin points rather than e.g. 2nd para stating presently that 100 club card points buys you 250 clubcard points!

  • Rob says:

    21 Mar21 March 08:10

    Fixed

• M says:

  21 Mar21 March 07:19

  I am a Tesco Clubcard user with points saved up for a special occasion. This is the first I’ve heard about this change – no email from Tesco last week….Ouch! Gonna have to plan a holiday….

  • RussellH says:

    21 Mar21 March 10:21

    No e-mail here either. But in general, I get very annoyed by companies that e-mail me, so I ask them not to.

• Greygoose says:

  21 Mar21 March 07:31

  Rob, your last section regarding ratios needs correcting. You talk about club card points buying club card points whereas I think you mean they buy virgin points!

  • Rob says:

    21 Mar21 March 08:09

    Fixed, sorry. Was written late last night as Virgin didn’t get back to me until then.

• JohnTh says:

  21 Mar21 March 08:02

  Times is hard, Mrs Lovett!
  So not unexpected unfortunately but could have been woŕse. However they do good clubcard prices, more obvious than Sainsbury’s personal offers that you can only see in the app.

  • lumma says:

    21 Mar21 March 09:35

    The Clubcard prices are just the deals that would have been available to all previously. You just lose out now if you don’t have/want to use one.

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