Credit cards Updated:
People are being given more chance than ever to be rewarded when they spend on their credit cards, new research has found.
The number of credit cards giving customers something back has expanded significantly in the last couple of years, figures from Sainsbury's Finance show.
Today, more than four in ten (42.3%) of credit cards offer a reward – a steep increase compared with 27.4% just two years ago.
A mixed bag of rewards are on offer; 22% offer cashback, 68% provide a points or voucher system and the remaining 10% reward spenders with air miles.
However, the findings reveal that the financial value of these rewards can vary dramatically and it is urging would-be card holders to select their credit cards wisely.
The figures show that if you're looking for a credit card that offers you something back, spending some time researching the best deals on the market is likely to net a better or larger reward in the long run.
"As the cost of living increases, people are increasingly looking to get more for their money and also be rewarded for being loyal customers," said Stuart McKeggie, head of credit cards at Sainsbury's Finance.
Find the best credit card rates - Compare credit cards
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.