Bespoke Offers, the deals website run by Barclaycard, is being axed on Monday – but the provider says "all transactions will be honoured".

Daily deals site Bespoke Offers, which launched in 2013, sells 'bespoke' discounts on electricals, fashion, and food and drink to anyone, not just Barclaycard or Barclays customers.

In the past it's run competitive deals, some of which we've featured on – for example; a £10 iTunes voucher for £5, a £10 Starbucks gift card for £5, and a £10 M&S e-giftcard for £5.

However, Barclaycard says the website will "cease to trade" from Monday 26 October, although no specific time's been given.

Barclaycard's 'Beat My Price' tool, which features on the Bespoke Offers website, is also closing Monday. The service tries to generate discounts on goods from selected online retailers including Currys, Argos and John Lewis.

I've just bought an item/voucher, what happens now?

Barclaycard says that while the service is closing, orders already placed, including any placed over the weekend, will be processed and fulfilled as normal.

Any vouchers with a redemption date after Monday 26 October can also continue to be used as normal until they expire.

It adds that if a customer has any issues with delivery, the item, voucher or service, contact details will be posted on the homepage on Monday.

Barclaycard to axe 'Bespoke Offers': How it affects you
Barclaycard to axe 'Bespoke Offers': How it affects you

Why is Barclaycard doing this? asked Barclaycard if the decision to close its deals offering is due to the forthcoming cap on the fees card firms charge retailers to process transactions; in the past few months we've seen Capital One, RBS and Tesco Bank scale down on cashback and loyalty point schemes.

However, the provider wouldn't confirm or deny this, it only told us: "Following an internal review we have announced the closure of our Digital Marketplace business (incorporating our bespoke offers and Beat My price products). 

"Our decision to close the businesses was taken after a detailed review of the financial performance to date and against their potential to deliver acceptable returns in the future.

"The business will cease to trade with effect from Monday 26 October. Any transactions that have occurred but not yet been fulfilled will of course be honoured."