Loyalty Credit Cards

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We all fall prey to loyalty card schemes and many of them might not be very upfront about their benefits. Evaluating schemes requires you to compare what each point gets you at the end. For example, one of the best schemes available is the Boots Advantage loyalty program which effectively offers customers a 4% discount on products purchased. However, other cards might not offer such transparent valuation and thus loyalty card points are never better than real cash.

Pricing of standard goods at high street shops might actually be a tad higher than that of the chain store and thus in effect the savings are really not there. Loyalty points accrued in credit cards are not advantageous until and unless you pay them off in full. In fact, cash back cards are much better than loyalty cards. Many cards may offer points in multiple programs encouraging you to spend in their store…however, this is not always beneficial to the user and you might end up buying things which you might not even need.

Tesco’s Clubcard can be used to maximize points by getting vouchers, using these vouchers on the Clubcard Deals Brochure and also by using Clubcard Plus services where you can earn double points. Stay out of overdraft and you would have made the most out of your Clubcard. There are frequent offers which are also worth looking at but just don’t buy something because the offer is good!
The Nectar card is good is some locations such as Sainsbury, TalkTalk, BP and Debenhams. The Amex Nectar sign-up results in a minimum of 1000 free points and there are a range of services you can use these points on. We have already mentioned the Boots Advantage Card and you can use it for just about anything. The ATM offers a wide range of discount coupons to cash on to and many products offer triple points as well.

The AirMiles does not directly relate to miles collected by flying an airline but gives high value points at Avis, Homebase and Leslie Davis. Going directly to AirMiles results in more points and the name comes from the fact that the points are collected from travel related services. As the internet becomes common-place for transaction services, you can get more AirMiles as well as other just by using the services and booking features online. Being loyal to one company is not necessarily bad and if you stick around with a good card like the Boots or the Tesco one, you can be assured about the points you will accumulate.