6% return via Tesco Christmas Saver

[planteria]

easy 6% return via the Tesco Christmas Saver:

top up with £25/50/100/200 and get a £1.50/3/6/12 bonus.

[AAAlphaThunder]

Very impressive.

[jaytee]

Link for anyone who needs it:

https://secure.tesco.com/clubcard/christmas-savers/

[planteria]

it's interesting that they refer to £200-360.. but why would you top up that extra £160?

[Sarah]

why would you top up that extra £160?

It's a Christmas Saver scheme not a savings account - the main purpose is to help people put money away to cover the cost of Christmas instead of leaving it somewhere they could spend it. The bonus is secondary to that. Incidentally, the top-up vouchers are valid for 2 years and the bonus vouchers only 2 months.

If they offer the bonus gift cards again this year that works out better as it's a 10% bonus (£5 for every £50) and some of us can save even more (typically 4%-5% on top) with employee schemes too. I did pretty well with those last year, although you had to be quite dedicated to buy lots as stocks were limited and they restricted them to 2 per transaction.


(Picture: rjn21@HUKD)

[planteria]

that's right, it's not a Savings Account.
but if someone is going/happy to spend enough at Tesco, it's worth doing to turn £200 into £212, for example.
i didn't realise you are a Tesco employee, Sarah. so the £12, in my above example, would only be valid for 2 months, but other accrued Christmas Saver benefits, and the £200, are valid for 2 years, right?

[Sarah]

That's my interpretation of the published FAQ answers; obviously please check you agree before committing any funds.

I'm not a Tesco employee. I have access through my employer to one of the many Reward Gateway schemes that provides a range of cashback savings and gift card discounts. It includes Sainsbury's, Asda, Waitrose and Iceland too (although not Morrisons at present).

[planteria]

I'm not a Tesco employee. I have access through my employer to one of the many Reward Gateway schemes that provides a range of cashback savings and gift card discounts. It includes Sainsbury's, Asda, Waitrose and Iceland too (although not Morrisons at present).

thank you for explaining. sounds interesting. fwiw we have Tesco nearest and most convenient, but there is a good Sainsbury's and a good Morrisons not far away, and there's an Asda i've started using too, along with two local Co-ops, so i'm loyalty-carded up.

[AAAlphaThunder]

why would you top up that extra £160?

It's a Christmas Saver scheme not a savings account - the main purpose is to help people put money away to cover the cost of Christmas instead of leaving it somewhere they could spend it. The bonus is secondary to that. Incidentally, the top-up vouchers are valid for 2 years and the bonus vouchers only 2 months.

If they offer the bonus gift cards again this year that works out better as it's a 10% bonus (£5 for every £50) and some of us can save even more (typically 4%-5% on top) with employee schemes too. I did pretty well with those last year, although you had to be quite dedicated to buy lots as stocks were limited and they restricted them to 2 per transaction.


(Picture: rjn21@HUKD)

I'm pleased to read you have done very well for yourself.

[jaytee]

Hate to advertise the enemy, but TCB sell Top Gift Cards with cashback on purchase prices

Asda 2.5% cashback, Morrisons 2% cashback, Sainsburys 1% cashback.

https://www.topcashback.co.uk/top-gift-cards

Also bonuses when you claim your cashback.

Buy £100 of Morrisons Giftcards, get £2.00 cashback, claim your £2.00 cashback in Morrisons vouchers and get a 2.5% bonus, ie get a £2.05 Morrisons voucher.