Club Vouchers

 Haha, that's the spirit! 

Thank goodness for CT - my magazine came yesterday and I was thinking of investing in some vouchers - yet again CT has saved me some money!  I may get a few but not the amount I had thought of investing since there is and expiry date!  

Thank you OP for starting the thread :)

+1...Could easily have been an 'e' voucher.  I currently have two from different companies..1) Brittany Ferries, a 2yr e voucher for deposit paid (my choice i could have had a refund)..2) A French campsite, for deposit paid, valid for 18 maths or a refund if not used within expiry date.

As I have said before, CaMC urgently requires some new blood at the head to bring the club into the 21st century.. eg..When was the last update placed on the web site ?...have there been any updates. ?

Months ago we told that anyone with a Red Pennant Annual Multi Trip policy taken out with a start date between 1Feb until 13 Mar 2020 would be contacted with details of deferment or a refund. After a brief call a couple of weeks ago to enquire re an update...I received an email yesterday as below...interestingly new words have now been included.." Extension and Freeze".. and of course extensive negotiations are still taking place....!!

Dear Mr .......

I would like to apologise for the delay in contacting you regarding your request for either a refund, extension, deferment or freeze of your current Red Pennant policy. We are still in discussion with the Underwriters, Astrenska, with regards to what exactly can be applied and aim to contact you with an update as soon as we are able. Please be assured that the Club are working hard to protect the interests of our members.

As soon as we have an agreement in place we will update you with the options available.

I have withheld the staff name..

I think it makes perfect sense to have a expiry date on these vouchers. With virtually three months of the peak season down the drain the club stand to lose a lot of money. Selling vouchers can help the cash flow this year but builds up financial problems in future years. For 2021, because with so many vouchers floating around the cash take will likely be down on a normal year. Not sure what the average peak season price is but for argument sake let's say £30 a voucher. In 3 years time that could be £40 a night and yet the Club still has to honour that undated voucher so even less cash flow. I think the Club accounts won't look very good over the next few years which will put pressure on prices and no doubt membership fees. The Club is not a philanthropic organisation, at the very least it needs to break even each year. Even at that it would be prevented from improving sites or buying new ones so I would suggest members take a slightly longer view.  

David

But that is not exactly how the vouchers work David.  They have a monetary value, so as prices rise you will need to use more vouchers to pay the site fee, unlike the site night vouchers.

The vouchers are not site night vouchers ,they are gift vouchers with a value that you have paid for so even if you use one £10 this year or in two years it is still only worth £10, the offer now is 20% extra if you spend £100 up to £2000 

How can you say it makes perfect sense to have an expiry date on them ?. It makes perfect sense not to buy them with an expiry date on them as far as I am concerned and therefore will not. I hope and pray we are not in the same situation next year or following years .............but what if we are. They have a monetary value as KjeiiNN says, it is not a free night. Take the blinkers off, we are members, but not hopefully fools!.

I agree with EB, Kj and JV. If there was no expiry date, the club could be holding the upfront money longer and the voucher value would diminish in real terms in later years as site fees rise thus causing less cash flow issues than having them all used by 31.12.21. The scenario described by DK would be spot on for site night vouchers whose value would increase in real terms as site fees went up.

At best they can be seen a a bit of inflation-proofing, assuming site fees don't escalate beyond our wildest nightmares.