LEEDS, UNITED KINGDOM--(Marketwire - Oct. 2, 2012) - Recent research from Asda Money shows that the nation is disillusioned with credit card point schemes.*
One in three Britons believes that you have to spend too much on a reward scheme credit card to reap any benefits.** A further 20% don't even use the reward schemes offered by their card provider.
Asda Money explains how a cashback credit card could help you.
A cashback credit card can be a useful alternative for those who want to put more pounds in their pocket. These types of credit cards are designed to give cashback rather than giving points. This allows consumers to spend the cash they have earned on their credit card on anything they choose rather than being allocated reward points.
Cashback credit cards can help you make money on the money you spend.
The process of getting a cashback credit card is simple and straightforward, however, there might be a few details you may want to check before committing yourself to one. This should include the interest rate that you will be required to pay, the credit limit and when you receive the cashback.
Many lenders offer 0% interest deals for a set period of time, especially for new customers. It might also be worth checking this so you don't get caught out when the interest free promotion ends.
The Asda Money Credit Card offers unlimited 1% cashback for purchases in Asda stores and online; fuel from any Asda petrol station as well as clothing and footwear from the George fashion brand.
Cardholders can also benefit from 0.5% cashback on entertainment, travel, hotels, holidays and eating out when using the card to pay in non-Asda stores.
One of the additional benefits of the Asda Money Credit Card is the fact that customers are able to access their account at any time via an online money management service. So you can check your balance and how much cashback you have earned wherever you are.
Notes to editors
* Asda Money POINTS SCHEMES LOSE FAVOUR, SAYS ASDA MONEY, 06/08/12
** 34% Brits with credit cards believe they have to spend too much to get any return on their reward scheme.
About Asda Money Credit Card
- 1 % cashback on Asda shopping
- 1% cashback at Asda filling stations
- 0.5% cashback on all other spend
- 0% balance transfers for 12 months+
|Standard Purchases: 14.9% p.a. variable.
|Representative APR: 14.9% variable.
|Total amount of credit: £1200.
|This is for illustrative purposes only and actual total amount of credit may differ.
+Balance Transfer Terms and Conditions: Balance Transfer fee of 2.9% (minimum fee £3 per transaction) will be charged in respect of each Balance Transfer. Subject to account status. Account Terms and Conditions apply. You can Balance Transfer up to 80% of the available credit limit within the first 90 days of account opening. Balance Transfers from existing storecard accounts and loans issued by Creation Financial Services Ltd or Creation Consumer Finance Ltd and credit card accounts issued by Sygma Bank UK are not permitted. Minimum value for Balance Transfer is £50. At the end of the promotional period you will be charged the Standard Rates of Interest in accordance to your Account.
Asda Money is a trading name of Asda Stores Limited. Asda Stores Limited uses a selection of companies to provide its products and services. Please refer to www.ASDA.com/money for details of our product partners and the relevant terms and conditions for each of our products and services.
Subject to status. Applicants must be aged 18 or over and UK resident (including Isle of Man and Channel Islands). The Asda Money Credit Card is issued by Sygma Bank UK, Chadwick House, Blenheim Court, Solihull B91 2AA.