The number of credit card companies competing for business is good news for all consumers in the UK. There is a wider range of companies offering credit cards and some fantastic deals and rewards programs that can help people to get the most for their money. There is a wide range of reward programs available with many of the UK’s biggest retailers offering their own programs and credit cards. Points are earned with each Pound spent and these can be redeemed for vouchers or other rewards. Cash back cards are also a popular choice and can be a good way of getting more value for the money spent on plastic.
As always you need to be disciplined when using cards to earn rewards. If you want to get the most value from reward style credit cards the balance needs to be paid off in full each month. Otherwise any gains from the rewards earned are going to be wiped out by the interest you will have to pay. If you aren’t sure that you are going to be able to clear the outstanding balance on a card one with a 0% interest rate on balances may be a better option.
Santander 123 Card
This is a cash back card that helps consumers get the most for their money on everyday purchases. There are a number of features unique to the card and why it is known as the 123:
- 1% cash back on purchases from major UK supermarkets including Asda, Tesco and Morrison’s
- 2% cash back from many of the UK’s leading retailers and department stores including Debenhams, Selfridges and BHS
- 3% cash back from petrol stations.
Up to £300 can be earned through cash back each month and it is a great way to get more for your money on the items you spend most on each month.
Aspire World Card
The Aspire World Card has a great cash back scheme and one of the best introductory offers around. New customers using the card can earn up to 5% cash back on all their purchases for three months and then 1.25% when the introductory offer finishes.
Tesco Credit Card
Tesco is the UK’s biggest retailer and their card is great for anyone who loves to shop there. It is an easy way to boost the number of Clubcard points earned when shopping at Tesco and comes with a decent introductory offer of interest free purchases for 16 months.