It is pretty safe to say that a high % of the population of the UK spend a considerable amount of money in supermarkets, so would taking out a credit card with these companies make sense? We investigate.
Supermarket Credit Cards – What Are They?
Most of the larger supermarkets offer a credit card these days. They work in pretty much the same way as any other reward based credit card. Some even offer the card holder interest free periods, either on balance transfers, or on purchases – Rarely on the two!
Are Supermarket Cards Worth It?
If you spend money in a supermarket as a part of your shopping routine, then probably! – Look out for offers on fuel related to these cards also!
So, How Do I Decide Which Supermarket Credit Card To Choose?
There are a few things to think about here:
Considering the whole idea of supermarket credit cards is to save cash, whilst spending on your shopping in the way would already do, more often than not, the best supermarket card for you is the one from the supermarket you use the most!
Do bear in mind when trying to compare the offers of various stores, that the points systems they use are not as easy to understand as you may at first think!
Make sure you are aware of all the specifics of the offers also, such as the length of any 0% periods, and exactly what is covered by that period.
One really great way of comparing the various supermarket credit card offers is to use a comparison site that covers these types of cards. Http://www.creditchoices.co.uk is a great example of such a site. They have information on most supermarket’s offers all on one page, allowing easy comparison of the cards.
-
