Click here to close now.



Welcome!

Symbian Authors: Jack Newton, Kevin Benedict, Matthew Lobas, Shelly Palmer, RealWire News Distribution

News Feed Item

Reaping the Rewards from Credit Card Spending

CHESTER, England, November 21, 2012 /PRNewswire/ --

  • Cardholders can earn extra bang for their buck using a suitable reward or cashback credit card

With Christmas fast approaching, some Brits will be turning to plastic to fund the festive period, but many will be missing out on the opportunity to earn extra bang for their buck by not using a cashback or rewards credit card, according to MoneySupermarket.

With recent research from the UK's number one comparison site revealing one in ten people (10 per cent) will be putting festive spending on a credit or store card, choosing the right card is essential.* This can often be a daunting prospect for consumers, with a vast range of incentives on offer, including cash back, air miles and loyalty club points. Matters are made more confusing by the range of introductory zero per cent APR periods now on offer from many providers, either on balance transfers or purchases. Customers need to consider how often they will use their card, and which type of reward will be most useful to them.

A cashback or reward card will bring extra benefits to those spending on their cards, effectively receiving a discount on their purchases. For example, Barclaycard's Cashback Credit Card offers up to 6 per cent cashback on all spending for the first three months up to a maximum of £120. The card doesn't have any introductory periods so is only suitable for those who will pay off the balance in full each month. Alternatively, The M&S Credit Card offers 0 per cent on purchases for the first 15 months, and offers 1 point for every £1 spent on the card in M&S stores, with 100 points being worth £1 in M&S vouchers. Spending elsewhere earns 1 point for every £2 spent. **

Kevin Mountford, head of banking at MoneySupermarket.com, said:"Every reward or cashback card offers cardholders something different. As such, anyone looking to use one of these cards needs to work out what sort of rewards suit their personal circumstances and shop around for the best deal. For a frequent flier, this might be a product that offers them air miles towards their next trip, whereas people who are planning to use their card in the shops might be better off with a card that gives them money off their next purchase. It is essential anyone thinking about taking out a reward card, considers how and where they are likely to use the card before applying. Many schemes are tied in to certain retailers and purchase types, and if you don't use them regularly in the right place your card may not provide such a good deal after all.

"Card offers change frequently, but we have seen some rich reward products being offered by card providers, offering cashback or retail rewards which can help cardholder make the most of their money. Customers must remember however, that any interest charged on the card will always negate the value of the rewards, even on the most generous schemes.

"Anyone thinking about taking out a reward card needs to be disciplined and ensure they are paying off the full balance each month, ideally by a direct debit, to avoid getting stung by interest charges. If you do pay off your balance each month, then interest rates are of little relevance to you. However, if you intend not to repay your debt in full each month then you should avoid reward cards and opt for a card with a lower interest rate instead. If you are looking to get a new card for your Christmas spending, and know you'll be able to pay off your balance each month, then you need to be quick as time is running out in order to receive the card in time."

Notes to Editors

* MoneySupermarket webpoll 2012

How will you cover the cost of Christmas this year?

  • I'll dip into savings - 23.7%
  • I'll use my disposable income - 38.1%
  • I'll use my credit card/store card - 10.5%
  • I'll have to use my overdraft - 3.2%
  • I have been saving up all year via a savings scheme - 9.7%
  • I'll borrow money from friends and/or family - 1.6%
  • Unsure or don't know - 4.6%
  • I don't celebrate Christmas - 8.5%

** Cashback Credit Cards

                                          Introductory
    Provider                     Rep APR     Period            Benefits

                                                        6% cashback for 3 months up
                                                         to GBP120 on top 5 purchases
                                                        2% cashback on top 5 monthly
                                                         purchases (minimum of 15
                                                         purchases per month)
                                  19.9%                 0.50% on Barclaycard fee of
    Cashback                 (annual GBP24)    N/A       all other spend

                                                        5% cashback on up to GBP2,500 of
                                                         purchases in the first 3 months                                             
                                  18.5%                 1.25% cashback on everything       
                             (based on                   you buy    
    American Express          annual fee                Double cashback of 2.5% for 
    Platinum Cashback Card      of GBP25)      N/A       one month every year

                                                        5% cashback up to GBP2,000 of
                                                         purchases in the first 3 months
                                                        0.5% cashback on spend up to
                                                         GBP3,500
                                                        1% cashback on spend between
    American Express                                     GBP3,500 and GBP7,500
    Platinum Cashback                                   1.25% cashback on spend over
     Everyday Card                19.9%        N/A       GBP7.501

                                                        1% cashback on supermarket spend
                                                        2% cashback on department store
                                                         spend
                                   22.8%                3% cashback on fuel spend, 
                                (Based on                National Rail and Transport      
    Santander                    annual fee              for London spend up to       
    123 Card                      of GBP24)    N/A       GBP300 per month     

                                                        5% cashback in the first 3
                                                         months up to max GBP100
                                                        0.5% cashback on all subsequent
                                                         purchases up to the next
                                                         GBP5,999.99
                                                        1% cashback on all purchases
                                                         from GBP6,000 to GBP9,999.99
    Capital One                                         1.25% cashback on all              
    Aspire World Card             19.9%        N/A       purchases from GBP10,000

                                                        1% cashback om ASDA shopping
                                          0% on balance 1% cashback at any ASDA petrol    
    ASDA Money                            transfers for  station  
    Credit Card                   14.9%     12 months   0.5% cashback everywhere else


Sourced by http://www.moneysupermarket.com 13.11.2012

Rewards Credit Cards

     Provider              Rep APR    Introductory Period      Benefits
                                                          10,500 if you spend GBP500
                                                           in the first 3 months
                                                          3 points per GBP1 spent at
                                                            participating retailers
                                                          2 points per GBP1 spent on
                                                            groceries and petrol
                                                          1 point for every GBP1 spent
                                                            elsewhere
                                      0% for 9 months on  3,500 points
    Barclaycard                       balance transfers        = GBP10
    Freedom Rewards          18.9%   (2.90% fee applies)       voucher

                                                          Collect 10 points per GBP1 on
                                                           Sainsbury's shopping in
                                                           the first 3 months
                                                          (capped atGBP1,000 spend per
                                                           month)
                                                          After the 3 months receive 4
                                                           points per  GBP1 spent in
                                                          Sainsbury's and 1 point per GBP5
                                                           spent elsewhere
                                                          For the first 3 months you
                                                           will also receive 8 points per
                                                         GBP1 spent and 1 point per 1 litre
                                                         spent on Sainsbury's fuel, after 3
                                                           months you will receive
                                      0% for 6 months on    2 points per
                                        purchases          GBP1 spent
                                      0% for 15 months on     and 1 point
    Sainsbury's Finance                 balance transfers     per 1 litre
    Nectar Card Credit Card   17.9%     (3% fee applies)          spent.

                                                           1,000 bonus Avios points
                                                            when you spend GBP500
                                                            in the first 3 months
                                                           1 Avios point for every
    British Airways Card      15.9%            N/A          pound spent

                                                              5 points for every GBP4
                                                                spent in Tesco stores
                                                              5 points for every GBP4
                                                                spent on Tesco fuel
                                       0% on purchases for 16   1 point for
                                         months                 every GBP4 spent   
                                       0% on balance transfers  elsewhere
    Tesco                               for 9 months (2.9% fee  150 points = GBP1.50
    Clubcard Credit Card         16.9%      applies)            voucher

                                                                 Earn 1 point
                                                                   for every
                                                                 GBP1 spent at
                                                                   M&S and 1
                                                                   point for
                                                                  every GBP2
                                                                     spent
                                                                  elsewhere.
                                                                  Four times
                                                                   per year
                                                                 points earned
                                                                    will be
                                                                   converted
                                                                   into M&S
                                                                    Reward
                                                                   Vouchers
                                                                 which can be
                                                                 used as full
                                                                    or part
                                                                  payment on
                                                                  M&S goods.
                                                                 100 points =
    M & S                                 0% for 15 months on     GBP1 reward
    Credit Card              15.9%         purchases            voucher

                                                                 2,500 points
                                                                  for all new
                                                                   customers
                                                                    1 point
                                                                 received per
                                                                  GBP1 spent.
                                                                 Points can be
                                                                 used towards
                                                                   flights,
                                                                 holidays and
                                                                   on brands
                                                                 such as M&S,
    NatWest                               0% for 18 months on      Boots and
    YourPoints
    World MasterCard         17.9%         purchases            Amazon.


Sourced by http://www.moneysupermarket.com 13.11.2012

MoneySupermarket.com compares (at 30th Oct 2012)

  • 129 car insurance brands and 100 home insurance brands
  • 10 broadband providers and 18 energy providers   
  • 30 unsecured loan and 5 secured loan providers
  • 62 mortgage lenders and 29 credit card providers
  • 66 savings providers and 37 current account providers.
  • Over 950,000 mobile phone deals

Our customers

We help our customers to save money on all of their household bills by providing a free, easy to use online service so they can compare a wide range of products in one place and find the product most suited to their needs. Our size means we are able to offer our customers exclusive, market-leading deals, including some they can't even get direct from providers.

Our providers

By having considerable volumes of informed customers actively looking for products and ready to purchase, we offer our providers an efficient and cost effective customer acquisition solution across all of our channels. This enables our providers to target their marketing spend in an effective and completely measurable way.

Our revenue comes predominantly from fees paid to us by product providers when a customer clicks through to their website and actually applies for or purchases a product. It is a success based marketing fee.

Our customer commitment

  • We make it easy to find the brands you expect to see
  • We strive to ensure a product cannot be found cheaper by going direct
  • We let you remain in control of your personal data
  • We are independent and impartial
  • We make it easy to switch and save
  • We strive to always show the most competitive product available


Paul Lawler
PR Manager
Tel: +44(0)1244-370-317
Email: [email protected]




SOURCE moneysupermarket.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Learn how IoT, cloud, social networks and last but not least, humans, can be integrated into a seamless integration of cooperative organisms both cybernetic and biological. This has been enabled by recent advances in IoT device capabilities, messaging frameworks, presence and collaboration services, where devices can share information and make independent and human assisted decisions based upon social status from other entities. In his session at @ThingsExpo, Michael Heydt, founder of Seamless...
The IoT's basic concept of collecting data from as many sources possible to drive better decision making, create process innovation and realize additional revenue has been in use at large enterprises with deep pockets for decades. So what has changed? In his session at @ThingsExpo, Prasanna Sivaramakrishnan, Solutions Architect at Red Hat, discussed the impact commodity hardware, ubiquitous connectivity, and innovations in open source software are having on the connected universe of people, thi...
WebRTC: together these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at WebRTC Summit, Cary Bran, VP of Innovation and New Ventures at Plantronics and PLT Labs, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it may enable, complement or entirely transform.
There are so many tools and techniques for data analytics that even for a data scientist the choices, possible systems, and even the types of data can be daunting. In his session at @ThingsExpo, Chris Harrold, Global CTO for Big Data Solutions for EMC Corporation, showed how to perform a simple, but meaningful analysis of social sentiment data using freely available tools that take only minutes to download and install. Participants received the download information, scripts, and complete end-t...
For manufacturers, the Internet of Things (IoT) represents a jumping-off point for innovation, jobs, and revenue creation. But to adequately seize the opportunity, manufacturers must design devices that are interconnected, can continually sense their environment and process huge amounts of data. As a first step, manufacturers must embrace a new product development ecosystem in order to support these products.
Manufacturing connected IoT versions of traditional products requires more than multiple deep technology skills. It also requires a shift in mindset, to realize that connected, sensor-enabled “things” act more like services than what we usually think of as products. In his session at @ThingsExpo, David Friedman, CEO and co-founder of Ayla Networks, discussed how when sensors start generating detailed real-world data about products and how they’re being used, smart manufacturers can use the dat...
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT’s direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Buildi...