Last day to convert Tesco Clubcard vouchers before devaluation

If you have a Tesco Clubcard account, you should have had an email 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.

TODAY (Tuesday) is your last day to convert your vouchers for a partner reward and get 3x face value.

To soften the blow slightly, any Tesco Clubcard vouchers you redeem today for partner vouchers will be valid for 12 months instead of the usual six months. 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.

Manual transfers from Tesco Clubcard to Virgin Flying Club will drop tomorrow from 100 Clubcard points = 250 Virgin Points to 100 Clubcard points = 200 Virgin Points.

However, if you are on auto-conversion, you will still receive the old rate on your July conversion. The rate will only reduce with the October conversion.

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.

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 (30,000 bonus points TODAY ONLY – it drops back to 15,000 points tomorrow) and our review of the free Virgin Atlantic Reward Mastercard credit card is here.

PS. If you are reading this but are not a regular Head for Points visitor, please consider signing up for our FREE weekly or daily newsletters. They are full of the latest Avios, airline, hotel and credit card points news and deals to improve how you travel. To sign up, visit this page of the site or click any of the ‘Subscribe’ links on this page. Thank you.

How to earn Virgin Points from UK credit cards (January 2025)

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 – 20,000 points, FREE for a year & four airport lounge passes Read our full review

The Platinum Card from American Express comes with 50,000 Membership Rewards points, which convert into 50,000 Virgin Points.

The Platinum Card from American Express

50,000 bonus points and great travel benefits – for a large fee 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

50,000 points when you sign-up 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.)