When times are tight the savvy save whereas those of us who don’t do our research will inevitably end up paying more. It is now possible to save whilst spending. As contrary as it sounds it is now possible. All the major supermarkets now offer a credit card. In the past we have been offered ‘store cards’ by many high street retailers. Typically, they offered extremely poor credit terms and could only be used in store. The cards offered by the supermarkets these days are conventional credit cards and many also boast 0 balance transfers and interest free periods.
Where supermarket credit cards have something more to offer is in-store. Using a model popular with store cards and loyalty cards, if you use a store credit card in the store they offer ‘points’ that ultimately translate to savings. So, if you use one store for all your family’s weekly shop and use the store credit card then the savings could soon add up. Though it is unlikely to help with early retirement, in tight times any saving is welcome.
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