Supermarket shoppers might be missing out on a cash boost this Christmas. Supermarket saving schemes offer extra cash with some forward planning. Read on to find out how to get extra cash this festive season.
MyVoucherCodes has looked into supermarket saving schemes and found that money can be made using these simple bonus cards. If you have a set budget for your Christmas shop, it might be worth adding your cash to one of these cards.*
*your money is not protected when you save in one of these schemes. Reduce your savings risk by saving as close to the cut-off date as possible.
| Supermarket | Potential Savings | Useful Information |
|---|---|---|
| Sainsbury's Christmas Club Card | Receive £2.50 for every £50 you save on the Christmas bonus club card. £25 is the maximum bonus available. | Pay £50 by the 1st of November 24 Savings can be applied to the card in-store only Bonus is paid by the 24th of November Can be used online or in-store. Register your card online to use it online. |
| Morrisons Christmas Saver | Receive a £1 bonus when saving between £49 and £96. Receive a£3 bonus when saving between £97 and £145. Receive a £4 bonus when spending between £146 and £195. Receive a £6 bonus when saving £194. £6 is the maximum bonus available. | The cut-off date for adding savings stamps is 31.10.24. You will need the Morrisons More app. Saving stamps are purchased in-store and added to your digital wallet by the cashier. Your total savings and bonus will be exchanged for a voucher. |
| Asda Christmas Savings Card | £1 for saving between £30 and £79. £3 for saving between £80 and £129. £6 for saving between £130 and £179. £9 for saving between £180 and £229. £12 for saving between £230 and £279. £15 for saving between £280 and over. £15 is the maximum bonus available. | Pick up a card either in-store or online. You can also top up our card either online or in-store. Add your savings to the card by 5 pm on the 10th of November. Your bonus will be added on the 11th of November. |
| Iceland Bonus Card | Get £1 for every £20 you save. £50 is the maximum bonus available. | This scheme is available all year but works in the same way as the other Christmas saving schemes. A physical or digital card is available. You can top up your card online or in-store. No cut-off or expiry date as it’s available all year. |
| Co-op’s Christmas Stamps Scheme | Save £48 and get £2. £2 is the maximum bonus unless you complete multiple stamp books. | Only available by collecting physical stamps in-store and completing the stamp book. Stamps are available all year. The bonus is paid in December. Be sure not to lose these stamps and books. It’s just the same as losing cash! |
Deadline summary
Each supermarket has deadlines, check below to quickly check when they are so you don't miss out.
| Supermarket | Last date to add money |
|---|---|
| Morrisons | 31st of October 2024 |
| Sainsbury's | 1st of November 2024 |
| Asda | 3rd of November 2024 |
| Iceland | 6th of November 2024 |
| Co-op | 31st of December 2024 |
Maximum bonus available
| Supermarket | Maximum Bonus Available |
|---|---|
| Iceland | 20% |
| Asda | 5.3% |
| Sainsbury's | 5% |
| Co-op | 4% |
| Morrisons | 3% |
What we love about supermarket Christmas saving schemes
If you are a regular shopper at one or more of the supermarkets mentioned, this is a good way to earn extra spending before Christmas.
For example:
"I’m a regular shopper at both Sainsbury’s and Iceland. If I use the supermarket saving schemes at both supermarkets, I could grab up to £75 free cash to spend on Christmas goodies"
Sarah-Jane Outten
What we dislike about supermarket Christmas saving schemes
- When you save this way you are tied to that supermarket.
- Some schemes have deadlines on when you can spend your savings or bonus.
- Unlike saving at a bank or building society, your money isn’t protected.
- You might not get any change if you don’t use all the balance of savings vouchers.
- If you have an emergency, you can’t withdraw your money early.
- These saving schemes are not protected by the Financial Service Compensation Scheme.
- If the company goes bust or you lose your physical savings stamps - you have lost your money.
Hints and tips
- Using a savings account may suit you better. Especially as your money will be protected and you can still earn interest.
- If you do decide to save, add your money at the last minute so you can limit the time it remains unprotected whilst still receiving your bonus. A good idea would be to save your money in a high-interest account and move your money onto a supermarket savings scheme on the final day, just before the cut-off.
- Double your bonus. If you have 2 people in your household, both save on your chosen savings scheme and cash in on the bonus.
Boost your savings with MyVoucherCodes
Pocket even more savings with a discount code from MyVoucherCodes! From supermarket discounts to money off gifts. We have something for everyone. Make your money go further this festive season.
Read our other blog articles to find more ways to save money.
Just a heads up - if you make a purchase via some of the links in this article, we may make a small commission.
