How low can they go? Tesco Clubcard and Virgin Atlantic Flying Club have announced another conversion bonus, running from 1 November until 5 December, 2015. These pop up 2-3 times per year, but seem to be going lower and lower.
The current promotion offers 15% bonus miles when converting Clubcard vouchers into Virgin Atlantic Flying Club miles. The standard rate is 250 miles per £1, so this promo would take that to 287.5 miles per £1.
In 2015, we have seen a 30% bonus in February, a 20% bonus in May and now 15%. A 15% bonus is silly. Nice to have if you have an imminent need for some Virgin Atlantic miles, but you should not change your behaviour based on it.
For those not fully familiar with Tesco Clubcard, it should be noted that you collect points year-round, but these can’t actually be spent on anything until they are converted to vouchers each January, April, July and October… Vouchers should have been issued recently for the October statement run. There’s no need to spend vouchers right away, you can leave them in your account for up to 2 years.
A useful trick for extending the life of your points / vouchers is to spend a high-denomination voucher on a small miles transfer. The balance of the voucher will be converted back into points shortly ahead of the next statement date, and turned back into a brand-new voucher (extending its life by another 2 years). The only downside is that you can’t use those points until they are converted back into a voucher – horrible if a conversion bonus or other requirement comes along…
Virgin Atlantic also continue to push hard to convince Tesco Clubcard members to set their accounts to automatically transfer vouchers to miles each quarter. This time, they are offering 1,000 miles for doing so. However, nothing stops you from signing up for “Auto Opt In”, but then cancelling once those bonus miles have been earned. I’ve been able to do that so many times I’ve lost count.