Massive Clubcard devaluation

[WillPS]

John wrote:

I find it a bit odd that Tesco is using “2x” here which implies that Virgin points are definitively worth 1p. I don’t think they ever said it like that before, including for avios?

I think they used it but referring to points rather than vouchers – 1 Clubcard point converts to 2.5x Virgin points (and in the past 2.4x Avios).

[WillPS]

Today’s the day then. 2500 pt bonus for the final year of my Premium Card landed yesterday. Called today to cancel, no fuss at all.

As a non-flying couple we’ve done very well off it but moving forward Nectar Amex (@1%) and Avios Barclaycard (@0.66% when converted to Nectar) will be a better deal for us, with the added bonus that we’re less compelled to use Tesco. Even at Tesco the effective cashback rate of 4% (on spend of exactly £2500 and expecting 200% valuation on Clubcard redemptions) can be beaten by egiftcards purchased from Sodexo/Perks at Work using Avios Barclaycard.

The only place we’ll lose out will be Tesco filling stations, which I’ll probably just not use as much going forwards (still got a Clubcard Pay+ card to activate 1pt per litre when we do tho). Costco and even Sainsburys have been far cheaper recently

Thanks for the memories Clubcard.

[NorthernLass]

I stopped using Clubcard offers a few years ago when all the decent bonuses dried up, but apparently OH still gets petrol at Tesco and I just found out we have £20 in vouchers accumulated in that time. So I now have £60 in restaurant vouchers to spend next time we venture to a city as all the participating restaurants within about 20 miles seem to have disappeared since the pandemic!