Reward credit card "perfect" for small purchases - Credit cards - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Reward credit card "perfect" for small purchases

Reward credit card "perfect" for small purchases

Category: Credit cards

Updated: 17/12/2008
First Published: 17/12/2008

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 It is now over 6 months old so the content may be out of date.

Consumers have been advised to use a reward credit card in order to make their money go further.

The advice from Sainsbury's Bank comes as it finds that 7.55 million people are using credit cards for everyday purchases of £20 or less.

And with 48 per cent of all credit card holders failing to receive any form of reward, the firm estimates that these Britons could be missing out on as much £1.76 billion each month.

Head of cards at Sainsbury's Donald MacLeod noted that while consumers spending on their cards for small purchases should ensure they pay off their balances each month, a reward credit card is "perfect".

"There's no better time to switch to a card that gives you something back," he remarked.

Earlier this month Egg noted that 80 per cent of people plan to use the internet for Christmas shopping, urging these to consider a reward credit card for benefits such as cashback.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Credit card mistakes cost borrowers £948m

At this time of year, many people could be turning to balance transfer credit cards in an attempt to overcome their Christmas debt. However, many of these borrowers could get caught out in the year ahead, and they could end up paying for it.

6 of the best balance transfer credit cards

Does the thought of opening your credit card bills fill you with fear? If so, you're not alone! Christmas may be over, but unfortunately, many people will still be paying for it, after turning to credit to cover the cost of their festive spend.

Get a better credit score for the New Year

A new year means a fresh start, and one of the best things you can do is take a cold, hard look at your finances – particularly when it comes to your credit score.
 
Close