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Reward credit card 'best for Christmas spending'

Reward credit card 'best for Christmas spending'

Category: Credit cards

Updated: 26/06/2009
First Published: 25/11/2008

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 It is now over 6 months old so the content may be out of date.

Britons could benefit from using a reward credit card to fund their Christmas spending, it has been suggested.

Abbey has found that 21 per cent of people are planning to fund holiday food spending with this form of finance, with over half intending to buy supermarkets' own brands.

And the bank noted that its cashback offer benefits those choosing to shop in supermarkets.

Head of credit cards Callum Gibson explained: "With supermarkets all offering enticing deals on different items and Abbey offering three per cent cashback, shoppers should take advantage of these and get the best deals on offer."

Mr Gibson also welcomed findings that 31 per cent of people will cut back on spending in order to fund Christmas dinner, while 47 per cent intend to sacrifice a social life.

Last week American Express found that just 45 per cent of credit card holders are receiving anything in return for their purchases.

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 Any products featured may be withdrawn by their provider or changed at any time.

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