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Tesco Christmas Club 6% return

  • 13-02-2011 12:03am
    #1
    dfbemt
    Registered Users, Registered Users 2 Posts: 1,398 ✭✭✭


    Lots of leaflets in Tesco advertising this.

    Basically, you can save any amount each time you shop (max €360) and Tesco will give it back to you in vouchers next Christmas.

    If you save €100 - €300 they will add €6 to it. If you save €100 you get €6 or 6%.

    6% - best saving rate around.

    http://www.tesco.ie/clubcard/clubs.christmassavers.html


Comments

  • #2
    okidoki987
    Registered Users, Registered Users 2 Posts: 10,632 ✭✭✭✭okidoki987


    6% - best saving rate around.

    Couple of points.
    If it's a full year, 6% is good apart from the fact you have to use them all in Tesco or use them as Clubcard vouchers.
    If it's less than a full year, it would be a higher rate e.g. save in June and get 6% in December is then 12% return approx.


  • #3
    bazwaldo
    Registered Users, Registered Users 2 Posts: 1,777 ✭✭✭bazwaldo


    Also its a pity the vouchers can't be used with Tesco Deals. That would have been nice. Well, they say Clubcard rewards, I assume its the same thing.


  • #4
    blobbie
    Registered Users, Registered Users 2 Posts: 673 ✭✭✭blobbie


    Read the small print

    ou can top-up up to €360 per year. Clubcard points are not collected on cash top-ups. Top-up and bonus vouchers cannot be exchanged for Clubcard rewards. Maximum bonus voucher value is €6.


  • #5
    dfbemt
    Registered Users, Registered Users 2 Posts: 1,398 ✭✭✭dfbemt


    blobbie wrote: »
    Read the small print

    ou can top-up up to €360 per year. Clubcard points are not collected on cash top-ups. Top-up and bonus vouchers cannot be exchanged for Clubcard rewards. Maximum bonus voucher value is €6.

    I don't see anything wrong with the small print - straight forward enough.


  • #6
    snubbleste
    Banned (with Prison Access) Posts: 31,117 ✭✭✭✭snubbleste


    Reading the t&c's
    So would it be fair to say you could join this scheme in October with €100.01 and get €106.01 Tesco vouchers in November?


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  • #7
    snubbleste
    Banned (with Prison Access) Posts: 31,117 ✭✭✭✭snubbleste


    Bump.
    Has anyone signed up for this?

    I'm considering signing up and sticking €100 into it in early November and hopefully Tesco will have more 'double clubcard voucher' exchange deals in the near future. If not I get an extra €6 to spend.


  • #8
    dfbemt
    Registered Users, Registered Users 2 Posts: 1,398 ✭✭✭dfbemt


    Have done it myself as I started the thread.

    Absolutely no catches. 6% return.

    Happy to recommend.


  • #9
    wmpdd3
    Registered Users, Registered Users 2 Posts: 9,626 ✭✭✭wmpdd3


    I was wondering why it was so popular. Plenty of people putting the odd €10 on it weekly. I would miss the clubcard vouchers every 3 months though, I'd def start it next Feb. ( No point saying Jan, ill be too broke!)


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