Tesco said its Clubcard statements that tell members how many points they have built up will be sent out in the next few days.
But it has confirmed on its website that the events will be scrapped following calls pantaloons femina miss india 2012 contestants from customers that the Clubcard system needs to be simpler to understand and easier to use.
The promotion allows customers to change 5 of Clubcard vouchers into a 10 exchange voucher, that can be spent on a range of non-grocery products including clothes, furniture and toys.Boost partners: Snapshot of some of the departments included in the last-ever Clubcard Boost event.In the year to February 2016 Tesco made 162 million profit as it attempted to fend off growing competition from discount stores Aldi and Lidl.Shoppers saving points for Christmas may be disappointed to hear pmi membership discount code 2015 its "Clubcard Boost" scheme has been scrapped Credit: Tesco.'Whether thats getting the garden ready for entertaining, planning a holiday in the great outdoors, or investing in a new camera to capture those special moments, weve chosen online prize winning quiz games categories this year that will help to make a memorable summer whatever the weather.'.
Tesco credit card holders saw their cash earnings halved as a result of new European laws that forced several high street lenders to withdraw cashback deals.
It is scrapping the scheme to give customers the chance to get more value from their Clubcards all- year round, not just during these set events.
The supermarket blamed the EU cap on credit card interchange fees for the change.The statement says a replacement will be introduced which will be available throughout the year and that Tesco will also be improving its Boost Partners.These can be exchanged in stores or online.Katie McQuaid, Clubcard director, said: We know our customers love the Clubcard Exchange and after a long, cold winter we want to help families really make the most of the summer this year, without breaking the bank.Tesco customers will be hundreds of pounds worse off each year as the supermarket has cancelled its "Clubcard Boost" scheme which doubles the value of store points on certain dates.Earlier this month the value of Tesco's shares plunged almost 8pc after its chief executive Dave Lewis warned the company's growing profits would slow in the first half of 2016.Double up: Tesco is relaunching its double Clubcard rewards scheme for one month only.