If you're a Tesco shopper, you might be interested to hear there's a new way to pay.
Forget cash and card as the supermarket giant has discovered a new way for 20million shoppers to pay for their goods.
Now, shoppers can add money to into their Tesco Clubcard Pay+ account from any UK bank, using the Tesco Bank mobile banking app.
You won't be able to spend money from a current account but only the cash you actively put onto the card.
The pilot launch happened in March 2021, and almost 45,000 accounts have been created since.
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Another bonus of the payment method is that Tesco Clubcard Pay+ lets shoppers save by rounding up purchases to the nearest pound and the difference is then put into a Round Up account.
Tesco Bank chief executive Gerry Mallon said: "We’re very encouraged to see Tesco Clubcard Pay+ help give shoppers the confidence to start saving while managing their budget and picking up extra Clubcard Points wherever they shop.”
Tesco Clubcard Pay+ has been used to pick up a whopping 5.25million Clubcard points nationwide so far, and the pilot scheme saw more than £24million spent on 1.2million transactions using Clubcard Pay+ at Tesco.
Here's how it all works…
How does the Tesco Clubcard Pay+ work?
The brand new scheme has been put on by Tesco Bank and it's available to Tesco Clubcard members in the UK, aged 18 or over.
Those with an account will get a debit card which will also act as their Clubcard and it'll replace their current one as a result.
You can apply for it online here.
You'll be able to collect points through the Tesco Bank and Tesco Mobile too.
Each point is worth 1p, so for every 500 points you'll accrue £5 to spend.
Money bloggers Ricky and Naomi explained: “Every 50p collected in Tesco Clubcard vouchers can be exchanged for up to £1.50 to spend on days out and attractions around the UK.
“This means you can get free or reduced entry to attractions like Shrek's Adventure! London, Blackpool Pleasure Beach and Warwick Castle.”
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