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Tesco credit card not available for new customers

  • 04-06-2017 8:12am
    #1
    Pablo1802
    Registered Users, Registered Users 2 Posts: 216 ✭✭


    From the website:

    "Please note that the Clubcard Credit Card is not currently available to new customers. Existing customers can continue to use their card as normal."

    There are no Tesco bank products for new customers in offer at all.
    Does it mean that Tesco Bank will shortly cease its operations in Ireland?


Comments

  • #2
    JTMan
    Registered Users, Registered Users 2 Posts: 5,557 ✭✭✭JTMan


    Tesco Bank are operating in Ireland under EU passporting rules. Tesco Bank cannot operate under passporting post Brexit so they either need a new legal structure or leave Ireland. It seems that they are going with the latter option.


  • #3
    kilburn
    Registered Users, Registered Users 2 Posts: 3,912 ✭✭✭kilburn


    Pretty much helps me decide to move on the lack of online services is very annoying


  • #4
    annascott
    Registered Users, Registered Users 2 Posts: 1,271 ✭✭✭annascott


    What happens to Tesco credit card holders after brexit? Will the cards still be valid or will they cease trading here and waive any outstanding balance?


  • #5
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭homer911


    annascott wrote: »
    ... and waive any outstanding balance?


    Oh yes, they will definitely do that!


  • #6
    JTMan
    Registered Users, Registered Users 2 Posts: 5,557 ✭✭✭JTMan


    annascott wrote: »
    What happens to Tesco credit card holders after brexit? Will the cards still be valid or will they cease trading here and waive any outstanding balance?

    The speculation is that Tesco Bank will sell their existing customer base to another credit card provider.


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  • #7
    miso1983
    Closed Accounts Posts: 31 ✭miso1983


    this means there wont be online banking now for sure so I am closing my account with them tomorrow .. It was great while it lasted (1 point for 2 euro spent) but at the moment the benefits are not worth it


  • #8
    Phoebas
    Registered Users, Registered Users 2 Posts: 9,371 ✭✭✭Phoebas


    JTMan wrote: »
    The speculation is that Tesco Bank will sell their existing customer base to another credit card provider.

    Presumably that means an end to the clubcard points.
    That was the only thing that the Tesco credit card had going for it.


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