Drive away the petrol price rise blues - Credit cards - News - Moneyfacts


Drive away the petrol price rise blues

Drive away the petrol price rise blues

Category: Credit cards

Updated: 10/11/2010
First Published: 10/11/2010

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 It is now over 6 months old so the content may be out of date.

Motorists might be wondering why their wallets are once again feeling a little bit lighter than usual. The 1p increase in fuel duty which took effect from October will have played its part.

It is also set to be a rather unhappy New Year as well, with the cost of a litre of unleaded petrol expected to rise by a further 2.5p when the VAT increase comes into effect. The issue of rising fuel prices is the bane of millions of motorists' lives and it is easy to see why.

According to AA Financial Services, the cost of fuel has increased by almost 11p per litre over the past year, a rise which has added £23 to the monthly petrol bill of a two-car family. Aso making a dent in drivers' pockets has been a 39% rise in the average cost of a comprehensive car insurance policy over the same period.

However, not for the first time, the AA is attempting to come to motorists' rescue. The AA's Credit Card aims to help keep the cost of motoring in check by offering a market leading reward points scheme that can earn a return of up to 4% for AA members, when points earned on motoring or fuel spend are redeemed against other AA products.

AA Reward Points can be redeemed on a wide range of goods, including AA products, high street shopping vouchers, wine, days out or cash back. Using the AA Credit Card for all fuel purchases will also help to counter the petrol price rises.

In addition to the introductory 0% on purchases for 10 months (APR 16.9% typical rate variable), the card earns double points on the purchase of fuel, including that bought from supermarket filling stations. AA members will also earn points at twice the rate of non-members.

If you're being driven insane by the ever spiralling cost of running your car, calling the 'fourth emergency service' might just make your motoring pound stretch a little bit further.

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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 Any products featured may be withdrawn by their provider or changed at any time.

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