10 more things you can do with a credit card
Credit Card Pirate! Arr!
Image by zoovroo
I dunno about you, but I always hold MY credit card up to my right eye and smile =]
If you think a credit card is just for borrowing then think again. There are hundreds of cards offering many different perks…The UK is home to 60million credit cards, according to the British Bankers’ Association. But could your card offer you more than just credit? Here are 10 more things you can do with your plastic…
Earn cashback
Cardholders with a high credit score could earn cashback every time they use their plastic. The market-leading deal is the American Express Platinum Cashback Card, which pays 5% cashback for the first three months, to a total spend of £2,000. After that, you earn up to 1.25%, depending on the amount you spend.
Its representative annual percentage rate (APR) is 19.9% variable, so you’d need to be confident you can clear the balance in full each month, or your cashback would soon be cancelled out.
Save money on groceries
If you regularly use the same supermarket then it might be worth seeing if it offers a linked credit card, allowing you to earn extra loyalty points and discounts.
The Tesco Clubcard Credit Card is a good example as it’s also one of the market-leading cards for purchases, offering 13 months at 0% on purchases and nine months at 0% on balance transfers, for a 2.90% fee.
The card doubles up as a Clubcard but gives you an extra point for every £4 you spend with it, plus 500 extra points if you spend more than £300 in the first two months.
These points can be used on discounts in store, or for a variety of getaways, magazines and experience days.
Get stuff for your car
The AA Rewards Credit Card lets you earn points to redeem against items for your car, like child seats, roof racks and even car insurance – as long as you buy it through the AA. As you shop, you earn one point for every £2 spent, but you get one point for every £1 spent when you use the card on a service for the car, fuel or other motoring expenses.
The card also comes with 12 months at 0% on balance transfers, for a 3% fee, and 10 months interest-free on purchases. Its representative APR is 16.9% variable.
Build airmiles
Frequent fliers can save a fortune on flights by using the right credit card. Different cards are linked to different airlines, so be sure to pick a card that operates with your preferred carrier.
One of the best airmiles credit cards on the market is the BMI American Express Credit Card. If you spend £250 within the first 90 days, you get 20,000 destination miles – enough for two economy tickets to Amsterdam or a return business class trip to Moscow.
After that, you earn 4.5 miles for every £1 you spend at flybmi.com and 1.5 miles for every £2 you spend elsewhere. It also comes with three months at 0% on purchases and has a representative APR of 16.9% variable.
http://mycredit-score.org/10-more-things-you-can-do-with-a-credit-card/