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]




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
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...

SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nigeria has the largest economy in Africa, at more than US$500 billion, and ranks 23rd in the world. A recent re-evaluation of Nigeria's true economic size doubled the previous estimate, and brought it well ahead of South Africa, which is a member (unlike Nigeria) of the G20 club for political as well as economic reasons. Nigeria's economy can be said to be quite diverse from one point of view, but heavily dependent on oil and gas at the same time. Oil and natural gas account for about 15% of Nigera's overall economy, but traditionally represent more than 90% of the country's exports and as...
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
"At our booth we are showing how to provide trust in the Internet of Things. Trust is where everything starts to become secure and trustworthy. Now with the scaling of the Internet of Things it becomes an interesting question – I've heard numbers from 200 billion devices next year up to a trillion in the next 10 to 15 years," explained Johannes Lintzen, Vice President of Sales at Utimaco, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"For over 25 years we have been working with a lot of enterprise customers and we have seen how companies create applications. And now that we have moved to cloud computing, mobile, social and the Internet of Things, we see that the market needs a new way of creating applications," stated Jesse Shiah, CEO, President and Co-Founder of AgilePoint Inc., in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal Systems Group, discussed how key attributes of mobile technology – touch input, sensors, social, and ...