E.ON devalues its Tesco Clubcard earning rates as it launches E.ON Rewards

Back in October, I wrote about how to collect Clubcard points with E.ON.   I even switched our own gas and electricity supply over to E.ON at the same time.

My timing was not great.  E.ON has just written to customers to say that they will no longer be earning Tesco Clubcard points directly.  The only upside is that customers who are currently on Clubcard-earning tariffs will receive the remainder of the points they were promised as a lump sum.

E.ON Rewards is being launched instead.  This is an opt-in scheme, with E.ON presumably hoping to make a significant saving when a large proportion of its customer base fails to sign-up.

eon

The rules are very simple:

You earn a capped 1,500 points per year for being on an eligible tariff

Points accrue daily and are awarded monthly

You can either transfer these to Tesco Clubcard (1:1, no minimum) or for High Street shopping vouchers (500 = £5 voucher)

On the face of it, this is no worse than the old scheme.  Under those rules, you received 1000 points in year one, 1500 points in year two and 2000 points in year three.  That averaged out to the same 1500 points offered here.

However …. E.ON is dropping the additional 1000 points you earned for reading your own meter.  It is also dropping the additional 1000 points bonus for being a dual fuel customer.

You can learn more about E.ON Rewards by visiting their website.

Want to earn more Clubcard or Nectar points? Click here to visit the Shopper Points home page for the latest news and offers. Come back every day for new deals or join our email list.

Do you have a Clubcard or Nectar credit card?  If not, you can receive up to 20,000 FREE points for signing up!  Full details are in this article.

Do you convert Clubcard points into Avios or Virgin Flying Club? If you do, visit our sister site, Head for Points, which is full of tips for maximising your frequent flyer miles.

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Want to earn more Clubcard or Nectar points? Click here to visit the Shopper Points home page for the latest news and offers. Come back every day for new deals or join our email list.

Do you earn Clubcard or Nectar points from your credit card?.  If not, you're missing out. We review the best options in this article.

Do you convert Clubcard points into Avios or Virgin Flying Club? If you do, visit our sister site, Head for Points, which is full of tips for maximising your frequent flyer miles.

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