If so, then don't spend a penny until you've got your new Capital One Platinum Cashback Card.
4%, yep 4% cash back on every £1 you spend for the first 3 months, so, if you're planning to buy something major, put it on your Capital One Platinum - in fact put every penny you spend on the card to get the maximum return - food, clothing, petrol, utility payments, put it all on plastic instead of using your debit card or cash.
After 3 months the cashback drops to a still market leading 1%. Do this right and you can make (ie save) £100s a year. First set up a Direct Debit to pay it off in full each month, so there's no interest charged; then use it for all spending.
Go on, give it a go and for once get something back from a credit card company!
2 comments:
Pay your credit cards off
Get an &More card get M&S money
M&S Stuart?
Read this from today's MoneyExpert.com weekly email:
Only make credit card min. repayments? DANGER! Especially for Barclaycard and M&S cardholders
Credit card minimum repayments are designed to keep you perpetually in debt, meaning an average high street card can trap you in-debt for 40 years. Next month Barclaycard drops its minimum from 2.5% to 2.25%; while this sounds tiny, the impact's huge, on a £5,000 debt it adds nearly 5 years and £1,000 interest by the time it's repaid in full. Also the Marks & Spencer card drops from 3% to 2.5% with a similarly huge impact. If you only pay the minimum on any card, for how this works and easy solutions, urgently read the Article: Beat The Minimum Repayment Trap
And yup, I always pay my CC card off in full and wouldn't touch a store card with a bargepole :O)
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