Shoppers can currently exchange their Tesco Clubcard vouchers for three times the value in rewards which can be spent at 100 ‘partners’ across travel, days out and restaurants.

However, from Wednesday 14 June 2023, the scheme will become less generous, offering customers double rather triple the value of points.

But there is a way to lock in the value ahead of this date so go quick if you’ve squirreled away lots of points to exchange for leisure activities.

Any reward partner codes ordered by 23:59 on Tuesday 13 June will continue to be valid for 12 months from the date of issue, so customers can bag the more generous exchange then to use at a later date.

Clubcard scheme less generous since 2018

Under the scheme, Tesco shoppers earn points for their spends when using their Clubcard. These points then build up into money-off vouchers which can be used at the supermarket, e.g. 500 points is worth £5 (one point = 1p).

But you can convert these vouchers to be used at reward partners where they’re worth three times as much.

So, based on 500 points accrued worth £5, this would mean £15 to put towards rewards.

These include a Disney + subscription, one-year railcard, family day out at Alton Towers, Blackpool pleasure beach, cinema or theatre trip, as well as restaurants such as Café Rouge, Bella Italia and Zizzi, for example.

But, since 2018, the scheme has become less generous, gradually eroding from four times the value to three, and soon to two.

It is understood the latest change comes as Tesco aims to keep prices low for customers during the cost-of-living crisis. It also offers ‘Clubcard Prices’ on over 8,000 products each week, from food to clothing.

However, the Clubcard scheme has faced some challenges recently, including the High Court ruling which backed Lidl’s claim that the blue and yellow logo used is a trademark and copyright infringement.

Meanwhile, campaign group Which? has also taken Tesco to task over Clubcard Prices – its discount shopping scheme for loyal customers.

It has reported Tesco to the Competition and Markets Authority, claiming its confusing pricing could potentially be illegal as it can make it “unnecessarily difficult” for shoppers to work out which items are cheapest.

‘Potential to save more than £300 a year’

At the time Tesco announced Clubcard reward changes in April, a spokesperson, said: “Clubcard unlocks the best value from Tesco – from thousands of exclusive deals through Clubcard Prices, to money off your groceries and fuel, or accessing double the value of your vouchers with more than 100 Clubcard reward partners.  ​

“Millions of people tap their Tesco Clubcard every time they shop, benefitting from access to more than 8,000 weekly deals on Clubcard Prices, which we’ve now rolled out across every part of our stores – so from food to clothing, Tesco Mobile to Tesco Bank, you can now find even more great deals.

“And with potential savings of up to £351 a year, more people than ever before are making the most of the immediate value that Tesco Clubcard offers. ​

“We are making a change to how members can use their vouchers with our reward partners, but they will still be able to unlock great value in the same range of ways as before.”​

In April, Tesco closed its Clubcard app, with users required to download the new version ‘Tesco Grocery & Clubcard’ in order to continue collecting points when scanning their phone, spending or viewing vouchers.