Shoppers with a Tesco Clubcard Pay+ account need to act quickly before the scheme is officially shut down on 26 April 2026.
The supermarket finance brand just announced it will be axing the popular product – a prepaid debit card and round-up savings account allowing users to earn extra loyalty points on spending, first launched in March 2021.
In an email to customers, Tesco Bank said the decision was so it could focus on other projects, and while the news ‘may be disappointing’, there were no plans to offer a similar service in its place.
Some loyal users shared their upset at the move on X, including @Tom_K1962 who posted a ‘WTF’ gif alongside the caption: ‘I can’t believe that Tesco is closing down their excellent Clubcard Pay+/Round Up accounts next April… I always use it to save up for Christmas.’
‘This has worried me big time,’ wrote another, @rhyspyle1997.
However, Tesco Bank confirmed it would be in touch with those affected, and added: ‘You can keep collecting points with your Clubcard, and we have other savings accounts available.’
What is a Clubcard Pay+ account?
The Clubcard Pay+ account, which became available to almost 20 million Clubcard members just four years ago, was an immediate hit with the public.
Part debit card, part savings account, Clubcard Pay+ came with a contactless Visa debit card, which shoppers could add money to using Tesco Bank’s mobile banking app and spend as they pleased.
Like the normal Clubcard, you could also use the account to collect points – two points for every £1 spent in Tesco in the first 100 days after opening your account, down to one point per £1 afterwards.
Plus, you could collect an additional point for every £8 spent elsewhere.
But one of the card’s best features was the ‘Round Up’ element; each transaction would be rounded up to the nearest pound, and those extra coins would then be transferred automatically to a savings account.
Tesco has done a lot of grafting this year to try and keep its shoppers happy, bringing back its Clubcard Challenges initiative – which offers the chance to accrue extra bonus points by hitting personalised spending goals – back in February.
It also seriously levelled up its meal deal game, adding the beloved Aussie sweet treat, Tim Tam, to its selection.
But after the retailer’s banking arm was sold to Barclays in 2024, millions of credit cards, loans and savings customers were warned to be aware of potential changes as a result of the sale.
That said, if you have a Clubcard Pay+ account, don’t stress; the precious points you’ve earned won’t be lost as long as you follow a few simple steps.
I have a Clubcard Pay+ account – what do I need to do?
Clubcard Pay+ will be shutting down on April 26, 2026, but you can continue using your card as normal until then.
If there’s still money on your account, mark that date in your calendar and aim to withdraw all remaining funds in your account before then.
As long as you have a Clubcard linked, your points will be transferred – but if not, you you can apply for one on the Tesco website or app.
Tesco Bank urges customers to ensure their balances are down to zero by April, but if you forget, don’t worry – the supermarket will return any funds left and notify customers of any issues.
Interest for the previous financial year is paid into the bank’s Round Up accounts on March 31, 2026, so even if you’ve taken your money out prior to this, it’s worth checking your contact details are up to date.
Make sure you update any subscriptions too – if your Clubcard Pay+ account is connected to services Netflix or Disney+, switch over onto a different card so you don’t risk getting cut off from your favourite shows.
Otherwise, the only thing you need to consider is which account to switch your spending to.
If you want to stick with Tesco Bank, it offers a range of savings products including the Internet Saver account, which gives users 24/7 access to their money and utilises mobile banking. There’s also an Instant Access Cash ISA, Fixed Rate Saver and Fixed Rate Cash ISA.
Unfortunately none of its savings products connect to your Clubcard for points on everyday spending, but its credit cards do – you can continue using the loyalty scheme at the Tesco tills regardless, so it’s really about what works best for you.
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