CREDIT CARDS
Brits value cash back when choosing a credit card
New research reveals some interesting trends for British credit card users. Cash back, rewards or Air Miles offers are the top incentives for four out of ten Brits when looking for card providers.
British customers clearly like to save as much money as possible with their credits cards. This is probably why most Brits value the benefits of those cards that offer cash back deals in particular.
The latest research from a leading comparison site shows that 41% of Brits choose their credit cards based on the cash back, rewards or Air Miles deals.
The length of the 0% period was selected as a top priority by 25.1% of respondents, and having no charges for overseas facilities was the main concern for 19.8% of those questioned.
In addition, further data reveals that 60% of credit card users pay off their bills in full each month.
Cash back credit cards
In the last few weeks, many financial institutions have launched cash back cards. Comparing credit cards is the first step to securing the best deal possible. Follow the tips below to help you do this;
- Sainsbury's Finance recently launched a new Sainsbury's Nectar Credit Card which offers 0% introductory offers on balance transfers and purchases.
- Santander launched its new 123 Cash back Credit Card, which offers 1% cash back on supermarket spending; 2% on department store spending; 3% on fuel spending and an expected average yearly cash back amount of £176.
- AA insurance launched the AA Reward Plus card. The card offers 3% cash back on fuel to all its clients and 0.5% on all other card purchases, with a generous upper limit of £2,000 on fuel purchases every year.
- American Express launched the New Platinum Cash back Credit Card, which aims to reward the long-term loyalty of customers by offering a flat rate of 1.25% cash back on all purchases, and a 2.5% introductory cash back rate for the first three months.
Tags: best credit cards, cashback rewards, credit card rewards, CREDIT CARDS