MORE payments are now made by debit card – 13.2billion in 2017 – than in cash. The news signals our gradual shift towards a cashless society. In a report by banking trade association UK Finance, people cited the convenience of contactless payments, with nearly two-thirds of us using the technology. And one in six shoppers never uses cash to pay for their shopping on an average day, says payments firm Square. But cash is far from obsolete. More than two million people still mainly use it. There are pros and cons to each. Mike Bately, of currency firm Travelex, says: “Some use technology to their advantage by making use of cashback and budgeting tools. “Others find it hard to keep track of card spending. For them, using cash is a far more effective way of budgeting.” Today we look at both payment methods. CARDS: PROS & CONS CASHBACK: Using cards can get you cashback and rewards. This is particularly true of credit cards but some debit cards also give … [Read more...] about Credit cards are set to eclipse cash on the high street — we find out which are the best options for customers
Best cash rewards credit card
There has always been a debate whether students in the tertiary education system, usually entering their adulthood, should have access to credit cards or not. While some financial experts and parents are rightly concerned about the possibility that young adults may run into debt problems, the truth is that if students can learn to use their cards smartly from a young age, they may manage to establish a credible and solid credit history for a secured future. As we all know, banks love prospective customers with a long-established credit history and a good score. So, if a student needs a new line of credit in the future, chances of getting an approval will improve manifold if he/she manages to use a student card wisely. 6 Obvious Benefits of Owning a Student Credit Card A robust credit score: A robust credit score can be an asset even if many cardholders don’t realise the benefits of it immediately. A good score can help establish credibility and a life-long relationship of trust … [Read more...] about Why Students Should Have Credit Cards
There are a number of rewards credit cards out there, and each seems to offer the user something different. Some offer points rewards that you can spend in their online store or trade in for discounts. However, two of the most common types of rewards are frequent flyer points or travel rewards and cash back rewards. How do you decide between these two types of rewards? By asking yourself a few simple questions. How much do you travel? This may seem like an obvious question, but the simple answer is if you don’t travel that much, frequent flyer mile rewards may not be nearly as beneficial to you. If you often travel by car, they also may not be worthwhile. However, if you do travel frequently by air, getting frequent flyer rewards points, especially for other types of purchases you make besides travel, can be a great benefit and save you money in the long run, more money than you might make from cash back rewards. What kind of travel do you do? Do you travel for business or for … [Read more...] about Frequent flyer points, travel or cash back rewards, which one is best for you
AIRMILES can make saving for a trip that bit more easy money-wise. Airmiles, which is also now known as frequent flyer miles or Avios, can be a great way of using day to day purchases to save on flights - here's the lowdown. How do Airmiles work? Airline miles, also known as frequent flyer miles, travel points or Airmiles, are part of a loyalty program offered by certain airlines and credit card companies. Those signed up to the schemes usually accumulate a set amount of miles based on how far they fly or how much they spend on their credit card. Check with the airmiles company you are signed up to see which brands and stores you can gain airmiles through purchasing with. The miles accumulated via this flying or spending can then be used as payment towards future tickets. Is it worth getting an Airmiles card? Air miles credit cards are good for those who: Spend a lot Are a regular traveller Are flexible (availability of flights is more restricted when redeeming miles) If you fit … [Read more...] about Why should I use Airmiles? From Virgin to BA to Avios here are the best Airmiles credit cards and loyalty schemes
Virgin has launched two credit cards that reward borrowers with points that can be used on flights, upgrades and free "companion tickets". One of the cards, the Virgin Atlantic Reward credit card has no annual fee and offers 0.75 "Flying Club" miles for every £1 spent. You'll also get 5,000 points with the first card purchase as long as it's within 90 days of the account opening. The Virgin Atlantic Reward+ credit card costs £160 a year. Borrowers earn 1.5 miles per £1 spent and 15,000 bonus points with the first card purchases within 90 days. Double miles can be earned with Virgin flights and Virgin holidays with both cards if booked direct. Both cards offer six months interest free for balance transfers and money transfers after an initial 3pc fee. How do the Flying Club miles work? You can use the points on upgrades and companion seats once you hit a spending limit. But the best rewards are saved for the big spenders. Once you've spent … [Read more...] about Virgin launches two new reward credit cards – how much do you need to spend to get the travel perks?