Cashback Petrol Cards

[DaveH23]

Anybody use these types of cards?

Just been sent this link for the Santander Petrol Cashback card:
http://www.moneysavingexpert.com/travel/cheaper-fu...

Correct me if im wrong but you pay for your petrol on the card and then pay the balance off before the Interest charges hit, if you do this you then get 3% of what you have purchased transfered back to your bank.

I probably wont save a massive ammount as I only do around 8k a year but could be benefical for some on here.

[shandyboy]

But the account costs £2 a month so you need to make sure your saving more than covers that - it'll more than likely not be worth it...

[Krikkit]

Cashback on fuel is limited to £9/month, with a £24pa fee.

[DaveH23]

Krikkit said:

Cashback on fuel is limited to £9/month, with a £24pa fee.

Didn't notice that.

[Krikkit]

£84/year isn't too bad though, takes £3600pa on fuel to generate that much (including paying your fees for the card), so might be worth it for some folks.

[rfisher]

Why not get a Shell drivers club card instead?

It's a free loyalty card which pays 1% back in vouchers.

As I only use Shell for the Tam, I also use them for the daily commuting smoker wagon.

Most of their stations are the same price as supermarket ones anyway.

[anonymous-user]

why not get a shell loyalty card as well, not instead!

[Sir Bagalot]

Once I got as far as realising it was Santander it was game over.

They really are the worst fking excuse for a really fking useless bunch of fking s

[cslwannabe]

Opus Mastercard - no annual fee and had 5% cashback on everything for most of last year, been extended to 3% cashback throughout 2012. Coupled with Shell VPower card

[greygoose]

shandyboy said:

But the account costs £2 a month so you need to make sure your saving more than covers that - it'll more than likely not be worth it...

I got one of these cards when it came out and the first two months' cash back covered the yearly fee of £24 so it is just free money every month after that (as long as you pay the card off in full every month). A V-Power addiction gives £9 a month every month and you get cash back on your supermarket shopping too.

[jonah35]

I looked at the Santander card and decided against it.

The reasons were as follows:

1. You are limited to £9 per month claimback.
2. The card costs £2 per month.

However, the above was not the issue as clearly there is a profit in it if you use wisely.

The key thing was the fact that they will (probably) have something stating they reserve the right to increase the £2 fee (and I guess they will do that) and they will (probably) state that they can reduce the commission too. Eventually, you will be paying £5 per month and getting £3 per month cashback.

Therefore, for the small savings I thought (for me) it wasn't worth the hassle.