Tesco has launched a new ‘Clubcard Pay+’ debit card allowing shoppers to earn rewards points when they shop in other stores.
Tesco’s new bank account will see customers receive one point for every £8 spent in other retailers, or one for every £1 spent in Tesco stores.
According to the UK’s largest supermarket, shoppers will also receive double point when shopping in Tesco for the first three months.
Clubcard Pay+ has been being tested by Tesco with a limited number of customers since March seeing 21,000 accounts opened since then, with customers reportedly spending a total of £7 million and saving £150,000 through its new round up feature.
This feature allows shoppers to round up their purchases to the nearest pound placing the money into a savings account with a 0.1 per cent interest rate.
READ MORE: Tesco to trial “Clubcard Pay” debit card
Users will be able to add money to their Clubcard Pay+ accounts from any major bank, link directly to their bank accounts and control their spending via the Tesco Bank app.
The new cards, which Tesco has now opened up to “tens of thousands” more customers, can be used anywhere in the UK and will replace shoppers Clubcards.
It comes just months after Tesco announced that it was closing all of its current accounts at the end of November.
“Tesco Clubcard Pay+ has been developed by Tesco Bank to provide a new method of payment for shoppers that delivers all the value of Clubcard membership and a range of additional features,” Tesco’s chief customer officer Alessandra Bellini said.
“We’re very encouraged to see shoppers regularly topping up their Tesco Clubcard Pay+ account to take control of their groceries budget, and to start saving.”