what credit card - to be paid off every month?
Discussion
Get something with cashback if you always pay off the balance...
http://www.moneysavingexpert.com/credit-cards/cash...
http://www.moneysavingexpert.com/credit-cards/cash...
I just got a Capital One Business Aspire for the purposes of cashback. As long as it's paid off in full every month, I couldn't see a downside.
No annual fee. 5% cashback (up to £100 back) in the first 3 months as an introductory bonus.
Then in any given year:
0.5% cashback on purchases up to £3000
1.0% (or might be 0.75%) purchases between £3000 and £7500 (or a similar number, I should really have dug the paperwork out before posting!)
1.25% above £7500 (or similar!)
They pay you every January, so a nice little bonus.
No annual fee. 5% cashback (up to £100 back) in the first 3 months as an introductory bonus.
Then in any given year:
0.5% cashback on purchases up to £3000
1.0% (or might be 0.75%) purchases between £3000 and £7500 (or a similar number, I should really have dug the paperwork out before posting!)
1.25% above £7500 (or similar!)
They pay you every January, so a nice little bonus.
Just as a slightly different thing...
We've got a joint Tesco card which is interest free purchases for 18 months. We put everything on it and leave all the money to pile up in our accounts to which is offset against our mortgage.
We've been doing this now for the past 7 months and it's working well, we're saving around £100 a month in interest payments and have so many clubcard vouchers we don't know if we can spend them all. Especially if you boost them.
Obviously you need some discipline to pay it off when it hits the limit or the term comes to an end. When it does end I think we'll do it again.
We've got a joint Tesco card which is interest free purchases for 18 months. We put everything on it and leave all the money to pile up in our accounts to which is offset against our mortgage.
We've been doing this now for the past 7 months and it's working well, we're saving around £100 a month in interest payments and have so many clubcard vouchers we don't know if we can spend them all. Especially if you boost them.
Obviously you need some discipline to pay it off when it hits the limit or the term comes to an end. When it does end I think we'll do it again.
Depends whether you like points or not.
Cashback: Amex and Santander both seem decent at the moment
Points: Any of the major supermarket banks will have a good points deal to get a lot more value back on your shopping, and often deals on petrol/etc thrown in
Travel points: I like the British Airways Amex which gives you miles as well as a 2-for-1 upgrade deal, if you like to travel fairly often at the front of the plane
Other travel:[blatant plug] The Halifax Clarity card offers free foreign transactions, so it's worth having even if you only really use it abroad [/blatant plug]
Source: I work in the industry
Cashback: Amex and Santander both seem decent at the moment
Points: Any of the major supermarket banks will have a good points deal to get a lot more value back on your shopping, and often deals on petrol/etc thrown in
Travel points: I like the British Airways Amex which gives you miles as well as a 2-for-1 upgrade deal, if you like to travel fairly often at the front of the plane
Other travel:[blatant plug] The Halifax Clarity card offers free foreign transactions, so it's worth having even if you only really use it abroad [/blatant plug]
Source: I work in the industry
NNH said:
Depends whether you like points or not.
Cashback: Amex and Santander both seem decent at the moment
Cashback: Amex and Santander both seem decent at the moment
I use both of these.
Amex for everyday transactions, as it gives 1.25% cash back.
Santander gives 1.00% cash back on most transactions, BUT
2.00% at major department stores
3.00% at major petrol stations and TfL. 3% off the monthly travelcard and fuel bill is worth having for me.
MajorProblem said:
Just as a slightly different thing...
We've got a joint Tesco card which is interest free purchases for 18 months. We put everything on it and leave all the money to pile up in our accounts to which is offset against our mortgage.
We've been doing this now for the past 7 months and it's working well, we're saving around £100 a month in interest payments and have so many clubcard vouchers we don't know if we can spend them all. Especially if you boost them.
Obviously you need some discipline to pay it off when it hits the limit or the term comes to an end. When it does end I think we'll do it again.
Regarding club card points, I amass that many, I use the club card boost to buy apple products through Tesco, and sell on as BNIB goods cash sale on various sites to get the cash back.We've got a joint Tesco card which is interest free purchases for 18 months. We put everything on it and leave all the money to pile up in our accounts to which is offset against our mortgage.
We've been doing this now for the past 7 months and it's working well, we're saving around £100 a month in interest payments and have so many clubcard vouchers we don't know if we can spend them all. Especially if you boost them.
Obviously you need some discipline to pay it off when it hits the limit or the term comes to an end. When it does end I think we'll do it again.
Tesco club card for us, pay for EVERYTHING on it. Max it every month, then pay it back end of month.
lukefreeman said:
MajorProblem said:
Just as a slightly different thing...
We've got a joint Tesco card which is interest free purchases for 18 months. We put everything on it and leave all the money to pile up in our accounts to which is offset against our mortgage.
We've been doing this now for the past 7 months and it's working well, we're saving around £100 a month in interest payments and have so many clubcard vouchers we don't know if we can spend them all. Especially if you boost them.
Obviously you need some discipline to pay it off when it hits the limit or the term comes to an end. When it does end I think we'll do it again.
Regarding club card points, I amass that many, I use the club card boost to buy apple products through Tesco, and sell on as BNIB goods cash sale on various sites to get the cash back.We've got a joint Tesco card which is interest free purchases for 18 months. We put everything on it and leave all the money to pile up in our accounts to which is offset against our mortgage.
We've been doing this now for the past 7 months and it's working well, we're saving around £100 a month in interest payments and have so many clubcard vouchers we don't know if we can spend them all. Especially if you boost them.
Obviously you need some discipline to pay it off when it hits the limit or the term comes to an end. When it does end I think we'll do it again.
Tesco club card for us, pay for EVERYTHING on it. Max it every month, then pay it back end of month.
I use a Santander 123 card, mostly for fuel as much of my fuel spend is claimed back as a business expense through my employer. I just pay it off in full every month, and get around £80 a year in cashback for doing nowt.
Little calculatory thing here may be useful: http://www.santander123.co.uk/
Little calculatory thing here may be useful: http://www.santander123.co.uk/
oyster said:
To buy an iPad using Tesco points you'd have to spend something like £140,000 on the credit card. Are you buying houses with it??
We can rack up £2-4k a month on a credit cards easily, Food, fuel, car parts, holidays, bills, even buying stuff for mates, and getting cash off them later. TiPad mini's are 22500 points, but we are just buying iPods and apple TV's
Jonny_ said:
I use a Santander 123 card, mostly for fuel as much of my fuel spend is claimed back as a business expense through my employer. I just pay it off in full every month, and get around £80 a year in cashback for doing nowt.
Little calculatory thing here may be useful: http://www.santander123.co.uk/
Same, I think the max fuel cash back is based on £300 a month which I more than do so I get £9 a month back on fuel alone as well as collecting nectar points at BP stations. Little calculatory thing here may be useful: http://www.santander123.co.uk/
jon- said:
gregf40 said:
Definitely get an Amex Platinum Cashback card.
Can't fault Amex service and the cashback level is pretty high.
And the 3 places you can use them are great Can't fault Amex service and the cashback level is pretty high.
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