-
Apologies if this has been asked before, I did have a search but couldn’t find anything relevant. I have a Tesco Bank Credit Card which accumulates Clubcard points (which I tend to use to pay for Disney+) but I also have the new Chase Debit Card which I believe provides 1% cash back. What card would be preferable to use?
Depends upon:
> which Tesco credit card (there are 4 different earnings rates)> where you’re spending (Tesco or elsewhere)
> your typical transaction value (rounding is a menace for low txn values)
If you’re satisfied you’re genuinely getting 3x face value, which you might if you’d otherwise pay the full price for Disney+, then a Clubcard point is worth 3p (obviously). If you’re getting less than 1 pt per £3.33, then Chase is a better deal – but remember Chase is capped at £15 (£1500 spend) per month.
Best value would actually be to get a credit card that offers no interest on purchases for 18 to 24 months, make minimum payments each month, and put money into a savings account paying 3% or more to cover the spending.
One is a credit card offering s75 protection. The other does not. There will be many transactions where that may be important to you.
Best value would actually be to get a credit card that offers no interest on purchases for 18 to 24 months, make minimum payments each month, and put money into a savings account paying 3% or more to cover the spending.
Except that (not withstanding the extra faff and the time taken to accumulate enough balance to get a significant return) , depending on your circumstances, it will have to be anything up to 6% as the interest would attract income tax.
- You must be logged in to reply to this topic.
Popular articles this week:
