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TopCashback has just announced that they are removing the ability to transfer cashback into Tesco Clubcard Points.
The change is coming in on 31st July 2016, so ensure that you make any transfers before that date! Until then, the usual £50.00 annual transfer limit remains.
As we have covered many times before, Tesco Clubcard Points are extremely flexible and worth at least 2 x face value. They are also easily convertible to Avios and Virgin Flying Club miles at an extremely generous rate. Being able to easily and reliably earn £50.00 worth of Tesco Points (per family member, per year) from TopCashback was a great benefit, and this is a substantial blow for Points/Miles collectors (and other savvy travellers/shoppers) here in the UK.
It is also quite a big blow for TopCashback too, as the Tesco Clubcard transfer option was something that really set them apart from other cashback sites like Quidco.
As you can see from their statement below, TopCashback seem to be aware of this and tried hard to get Tesco to reconsider:
“Tesco has recently made some alterations to its Tesco Clubcard scheme and as a consequence from the 31stJuly 2016, Tesco Clubcard points will no longer be available as a payout method. We realise this may be frustrating for members and we did everything we possibly could to keep Tesco Clubcard as a payout method on site…
…We are continuously working with retailers and brands to ensure all of the offers, tools and facilities meet members’ needs and will always look for the optimum way to provide the best deals and biggest savings. Currently, we are exploring new ways to enhance our payout offer and will hopefully have some exciting news to share soon.”
This is a very disappointing change, and to be honest I can’t really see any potential silver linings.
What do you make of it?