Tesco Bank is trialling new prepaid debit card with perks like extra Clubcard points
SHOPPERS can get double Clubcard points for three months using a new prepaid debit card from Tesco Bank.
The supermarket giant has launched Clubcard Pay and is giving users extra points when shopping at Tesco, as well as rewarding spending at other shops.
Clubcard Pay is currently being trialled by Tesco Bank and is available to current and new customers of Tesco's Clubcard loyalty scheme.
Users get a debit card that can be pre-loaded with cash from another bank account.
There is no overdraft but you can treat it like a normal debit card so you can use it for spending in shops and online as well as to make withdrawals.
It is linked to your Tesco Clubcard and any spending will earn points.
Tesco Bank will do a soft search of your credit file and if approved you will be sent a Visa debit card and PIN in the post.
The trial is running until Autumn before a wider roll out and only 20,000 people will be able to get the card at this stage.
This is just a prepaid card so you need to make sure it is topped up so you can pay for items.
It isn't possible to setup direct debits or standing orders with the card, as it's not a current account, and you can't use the Current Account Switching Service so will need to sign up yourself directly.
The card is run by Tesco Bank, which is covered by the Financial Services Compensation Scheme.
This means up to £85,000 loaded onto the card will be protected.
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