Cashback credit cards 'can help with bills' - Credit cards - News - Moneyfacts


Cashback credit cards 'can help with bills'

Cashback credit cards 'can help with bills'

Category: Credit cards

Updated: 30/04/2009
First Published: 30/04/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Using a cashback credit card can help consumers with household costs such as phone bills, it has been suggested.

American Express has urged Britons to consider using such products for payments they are currently making with debit cards.

Vice president of UK lending Tom Allder explained that the typical household pays thousands of pounds on debit cards each year, for items including petrol and supermarket shopping.

But a study by the company indicated that over a fifth of people who earn cashback spend it on household bills and he noted that switching such to such a card could lead to significant savings.

"We're on a quest to get UK householders to ditch their debit card payments," said Mr Allder, adding: "People could be earning themselves hundreds of pounds of free cash."

Last week, the government announced that funding is being increased for the Warm Front Scheme, which provides support for those on benefits who are struggling to pay gas and electricity bills.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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