Tesco allows Clubcard vouchers to be exchanged £1-for-£1 for travel insurance

Tesco now lets Clubcard members convert vouchers into Tesco Travel Insurance credit at a £1-for-£1 rate, with a minimum £5 exchange required.

Tesco has introduced an option for Clubcard members to use their voucher value directly with Tesco Travel Insurance. Under the change, vouchers are converted digitally into a Reward Partner code that can be redeemed on Tesco's travel insurance website. Each £1 in Clubcard vouchers converts to £1 of insurance credit, with a minimum £5 exchange per transaction. Tesco shared the update alongside research on holiday plans in Britain for 2026. Key details: - Clubcard vouchers can be converted £1-for-£1 into credit for Tesco Travel Insurance. - Conversion is completed digitally and provides a Reward Partner code redeemable on Tesco's travel insurance site. - A minimum of £5 in vouchers must be exchanged in a single transaction. - Converted credit can be applied to Single Trip, Annual Multi-Trip, or Backpacker insurance policies. - Tesco reported research saying around 70% of people in Britain have already booked a holiday for 2026, with one in four planning two holidays and 28% expecting three or more trips. Summary: The change gives Clubcard members a direct way to use voucher value for travel insurance, which Tesco described as a first for its Insurance and Money Services division. Tesco's chief customer officer for Insurance and Money Services, Alex Cross, said the initiative represents a milestone in delivering value for Clubcard customers and noted it could make travel insurance more accessible. Undetermined at this time.