Tandem Bank due for major ‘restructuring’ as it winds down credit cards

Tandem, one of the UK’s earliest digital banks, is scrapping its standout credit-card line as it focuses on trying to break even, the company has informed its users in an email.

Ricky Knox, Tandem’s chief executive, told Sifted that the decision has come as Tandem’s credit card product proved too costly, despite introducing a fee earlier this year.

Read more: Sifted