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Tesco set to introduce new payment method that limits how much shoppers can spend

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Sign up to FREE email alerts from our Money Saving Club Newsletter Supermarket giant Tesco is quietly trialling a new way people can pay for their shopping.

The new card contains a prepaid amount - and will only let you spend what's on there. The new card is called “Clubcard Pay” and has quietly been launched online ahead of a full rollout in September this year.

But the product isn’t the same as a regular current account and is instead designed to help shoppers budget. A prepaid card only lets you spend the money you load onto it - so if you run out of funds on it, you won’t risk overspending. READ MORE: Home Bargains shoppers in awe of simple 90p product that 'cures' hay fever Clubcard Pay comes with a contactless Visa debit card so you

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