The supermarket giant said the number of vouchers set to expire was ‘higher than usual’
An unusually high number of vouchers for Clubcards will expire this month, Tesco said(Image: Getty)
Tesco has issued a warning to customers that they could lose out on hundreds of pounds if they don’t use their Clubcard vouchers before the end of November. The supermarket giant revealed that £16.5 million-worth of vouchers are due to expire at the end of this month.
These vouchers, which have a validity of two years, must be redeemed before midnight on 30th November. Customers can use these expiring Clubcard vouchers towards their weekly shopping, fuel costs or even to snag a new deal with Tesco Mobile.
Shoppers also have the option to double their voucher value with over 100 Clubcard reward partners, or take advantage of some fantastic new Reward Partner deals.
Among these offers is the new Tesco Tuesdays deal with Cineworld, where Clubcard members can purchase cinema tickets for Tuesday screenings for just £5 (£2.50 in Clubcard Vouchers). There’s also an incredible triple value voucher offer with PizzaExpress, meaning £10 of Tesco Clubcard vouchers can be exchanged for a code for £30 off food at the renowned pizzeria.
Tesco Group Membership and Loyalty Director Shama Wilson stated: “We don’t want anyone to miss out on making the most of their Tesco Clubcard Vouchers, and with some great new offers with Clubcard Rewards this really is a great time to use those vouchers up.”
“The value of vouchers expiring is higher than usual this quarter, and if all the vouchers expiring were used for Tesco Tuesdays it would be enough to get 6.6million cinema tickets at Cineworld. If they were exchanged with PizzaExpress they could secure an amazing £49.5million of reward codes towards food, so it really is worth checking in the Tesco app to see if you have any vouchers expiring.”
Tesco Clubcard members can accumulate points through various methods, including using their Clubcard during shopping trips or when buying fuel at Tesco, or whilst charging electric vehicles at Pod charging points located at Tesco outlets. Currently, over 24 million households across the UK hold a Tesco Clubcard, with members able to monitor the latest Clubcard Reward Partner offers through the Tesco app.
Meanwhile, Tesco’s chief executive this week urged the Government not to “make it harder” for the grocery industry to maintain low prices for consumers ahead of the autumn Budget, despite revealing profits could exceed £3 billion this year.
Family budgets continue to face pressure and consumers are increasingly looking for value, according to Britain’s largest supermarket chain. Ken Murphy, Tesco’s chief executive, said he hoped the autumn Budget would not place additional strain on grocers already confronting significantly higher business costs.
“What we’d love to see is a Budget that’s pro-growth and pro-jobs which, as a result, will help customers with the cost of living,” Mr Murphy said. “We know that people are worried about what lies ahead and we’re seeing that in the consumer sentiment. As a food retailer, we operate in a very competitive and very tough environment, and I think our one ask is don’t make it harder for the industry to deliver great value for customers.
“In the last budget, the industry incurred substantial additional operating costs. We’re doing our best to deal with them but enough is enough.”
Tesco has revealed that the increased rate of employer national insurance has added approximately £235 million to its annual costs, whilst new packaging taxes have contributed around £90 million. Mr Murphy indicated Tesco was “betting on a good Christmas “, with shoppers likely to approach the festive period in an “affordable and manageable” way.
The chief executive described the sector as “incredibly competitive” amid an intensifying price war between rival supermarkets, and anticipated this would persist throughout the second half of the year.
Tesco has also urged the Government to exempt large retail stores from a higher tax rate in forthcoming business rates reforms anticipated for next year.
Mr Murphy explained: “In many cases they’re the anchor tenant for a shopping centre or a high street – they are what draws all the other smaller retailers to that location and therefore their viability is hugely important to many, many high streets across the country.
“We genuinely believe it’s very important that all large premises are excluded from the higher rate of business rates.”
This follows a report in the Financial Times suggesting that the Treasury is considering removing large shops, including supermarkets, from its highest bracket for property tax due to criticism from high street leaders.
