Money Analyst – Banking and Insurance
14 April 2026
Tesco Bank will shut down its Clubcard Pay+ prepaid card – and its linked ’round up’ savings accounts – on Sunday 26 April. If you use these services, you should withdraw your money as soon as possible. Here’s what’s happening.
With Clubcard Pay+, which launched in 2022 but closed to newbies last year, you can add money to it and then collect Clubcard points when spending on it, both at Tesco and elsewhere.
It also lets you round up transactions to the nearest pound and put the change into a linked savings account automatically.
But Tesco Bank says it’s now closing the card and savings accounts to “focus on our range of other accounts”.
What to do if you have Clubcard Pay+
Your prepaid card, and the linked ’round up’ savings account (if you have it), will stop working on Sunday 26 April. Before then, it’s a good idea to:
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Withdraw your cash as soon as possible. You can use the Clubcard Pay+ mobile app to transfer the money to any UK bank account in your name.
If you have a linked ’round up’ savings account, you’ll first need to move any funds in it to your main Pay+ account, before you can then transfer it elsewhere.
Any money left in these accounts after Sunday 26 April will still be returned to you, though it will likely take longer than just doing it yourself. Tesco Bank says it’ll write to you to confirm the details.
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Ensure your contact details are up to date. When your account closes, Tesco Bank will send you a final statement and, if you haven’t already withdrawn it, return any money owed. To help this go smoothly, check your details are correct in the app.
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Update any subscriptions. If you’re using your account to pay for any services directly, make sure to provide alternative payment details to the provider.
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Get another Clubcard to keep collecting points at Tesco. When using Pay+ at Tesco, you didn’t have to scan your Clubcard separately to earn points, as the two were linked. Now that Pay+ is shutting down, you can get a replacement digital Clubcard (if you need one) through the main Tesco app (which is free to download on the Apple App Store and Google Play Store) or request a plastic one.
You can visit Tesco’s Pay+ web page for further info on the scheme’s closure.
Top-pick alternative cards
If you’re looking for a new card for your everyday spending at Tesco and elsewhere, there are currently two strong best-buys to consider:
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Chase DEBIT card – 1% cashback on groceries (up to £15 a month) plus 5% interest on round-ups. You can use this in a very similar way to a prepaid card, by loading money onto it to spend separately from your main bank account. As it’s a debit card, you don’t need to pass a hard credit check to get it. It also lets you round up your transactions and save the difference automatically – and it pays a top rate on those savings.
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Lloyds Ultra CREDIT card – 1% cashback for a year on almost all spending. Provided you pay it off IN FULL each month, there’s no interest and you’re effectively paid each time you spend. Plus, it doesn’t charge any fees for overseas spending, and you get the same 1% cashback abroad. But, as with all credit cards, you’ll need to pass a full credit check to get it.
For full info and lots more options, including a card offering a FREE £225 at Amazon or M&S, see our Top rewards cards guide.
For Clubcard offers specifically, Tesco still offers a range of credit cards through Tesco Bank, but they’re not always the cheapest option. See our Tesco credit cards guide for more. You can also see our Prepaid cards guide for alternatives to credit or debit cards.
Top-pick alternative savings
If you’re wondering where to move your round up savings to, you can currently earn up to 4.62% with the top easy-access accounts, or up to 4.67% fixed. See our Top savings guide for full details.
Want to keep saving with round ups? The Chase account listed above is the top payer. But your existing bank or debit card may also offer the feature (Lloyds, Monzo and NatWest all do, for example). Alternatively, there are automatic savings apps you can try.