Rewards schemes 'offer long-term value'

BEAT THE ENERGY PRICE CAP INCREASE - SWITCH NOW!

 
The price cap is set to rise by £117 – switch supplier to cut your bills by up to £447* & the chance to win a Fitbit (T&Cs apply).

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

Reward schemes featured on credit cards offer consumers "long-term value", according to an expert.

Donald MacLeod, head of cards at Sainsbury's Credit Cards, has stated that such initiatives move plastic away from just purely being a "borrowing item" into a "transactional product".

He went on to explain why his company's link to the Nectar reward scheme may prove attractive to some consumers.

"It will be [a pull] because there are a lot of rates out there and just about every card will have some introductory rate on it, but not all of them have rewards schemes attached to them...We have both," he explained.

"A Sainsbury's credit card with Nectar on it means I can apply for that card, have that card, and every time I spend there I'm going to be earning points on that."

Recent figures by APACS found that there were almost 31 million cardholders in the UK in 2007

It was also found that the average person had 2.4 credit cards and 1.6 debit cards.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more