Barclaycard is set to axe its deals website on Monday following a financial performance review, with 112 staff in the UK and US impacted.
Bespoke Offers was launched two-and-a-half years ago, providing customers access to discounted offers from various merchants.
Following a review of its financial performance, Barclaycard said it decided to close the site along with its Beat My Price service, which pledged to find shoppers a more competitive deal on a particular product seen elsewhere.
A Barclaycard spokesman confirmed the closure would put 112 permanent roles at risk, adding that they would try to find suitable replacement roles for affected staff within the organisation.
As for customers, Barclaycard has insisted all purchases made through the sites before Monday would be honoured.
In an official statement, Barclaycard said: “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.”