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Reward credit card 'can ease the cost of food'

Reward credit card 'can ease the cost of food'

Category: Credit cards

Updated: 30/01/2009
First Published: 30/01/2009

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 It is now over 6 months old so the content may be out of date.

Those struggling as a result of the credit crunch could save money by using a reward credit card, it has been suggested.

Head of Abbey's credit card division Callum Gibson noted that such products can help make cash go further, particularly as more people have been found to be cutting back.

Abbey Credit Cards revealed that 56 per cent of Britons are now eating at pubs and restaurants less, instead choosing to dine at home.

And with 44 per cent reducing expenditure by cooking for themselves more often, rather than buying takeaways, Mr Gibson remarked: "The current economic climate means that people are looking to make cutbacks where they can to make their money go further."

He added that Abbey's credit card offers three per cent cashback for supermarket purchases, which could help "ease the cost of food shopping ".

The Relax Group recently urged those who facing financial difficulty to keep track of all their outgoings, comparing them to income.

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