Tesco has today sent out its August Clubcard mailing alongside the launch of a new five-week promotion for customers.

The mailing will see customers receive £140m in rewards in its Double Points scheme. The five week promotion, called The Big Clubcard Voucher Exchange, means for every £5 in Clubcard vouchers, customers can opt to exchange them for a £10 rewards token to spend on products including garden furniture, mobile phones, pet food or clothing.

The Big Exchange runs until September 5.

Tesco’s UK marketing director Carolyn Bradley said: “This promotion is a real summer-saving bonanza for our Clubcard members and our way of saying ‘thank you’ to our loyal customers. Thanks to double points, customers are earning points twice as fast and getting more vouchers in their statements. The Big Clubcard Voucher Exchange gives people a fun and exciting way to spend their vouchers and make great savings just by doing their normal shop.”