Money Saving Expert Martin Lewis has issued his 'golden rule' to anybody with a Tesco Clubcard. It comes after Tesco issued a 48-hour warning to all card holders.
Earlier this week the supermarket giant warned that £15million-worth of Tesco Clubcard vouchers will become invalid after today (May 31). Today is the last chance to use them up for many.
However, Martin Lewis has issued a piece of advice to bypass this. He says his 'golden rule' can both prolong the vouchers, as well as triple their value.
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Clubcard holders earn one point for each £1 spent at Tesco and every point is then worth a penny in vouchers and you receive these every three months with your Clubcard statement. The vouchers set to expire on Wednesday were first issued in May 2021 - under the current rules you have two years to spend your Clubcard points once your voucher has been issued.
The Money Saving Expert shared his handy tip whilst presenting Good Morning Britain last week which would not only extend the time you can use the points but triple their value too. He told viewers: "Go online and check, or on the app, and check whether you have any of these vouchers, it will tell you if you have any unused vouchers.
"It's worth noting that currently, you can trade in a £5 voucher for three times the value - £15 worth - on things like Pizza Express or Legoland. From June 14 they're going to be double, but if you trade them in now, it's valid for a year."
"Say you've got a £10 voucher, you go online, you login, you spend say 50p of your £10, so you've now got £1.50 in restaurant vouchers - because 50p becomes £1.50. For the rest of the £9.50, they re-issue it and it lasts another two years.
"So if you spend just a little bit of the voucher, the rest of it is re-issued and it lasts another two years." However, shoppers should be aware that they only have until June 14 to be able to get triple the value of their points.
After this date, Tesco is changing its rules so points are worth double when you spend with a “Rewards Partner”. Tesco currently has over 100 “Reward Partners” including Disney+, Thorpe Park, Alton Towers, Pizza Express, Legoland and Zizzi.
At the moment, 500 points are worth £5 in-store but £15 when spent with a Rewards Partner. From June 14 however, your 500 points will only be worth £10, reports the Mirror.
You won't get this if you buy something in store or online using the voucher though - it's only if you're using them on rewards. If you have several vouchers expiring on Wednesday then you will need to do this for each one of them.
Customers can use their Clubcard vouchers to bring down the cost of their weekly shop, both in-store and online, and you can also use the voucher to get money off your fuel too. If you are unsure if you have Tesco vouchers about to expire, you can view your Clubcard statement, and see how many points you have, on your Tesco Clubcard account.
You can log onto this through the Tesco website under "My Clubcard" or the Tesco Clubcard app. You can use the vouchers either on the app - or you can print them out at home if you prefer to use them instore.
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