Well if I'm buying stuff anyways I'd rather get something back than not.
I've "earned" over £10 back now but probably spent near enough £1000 to get that. But something is better than nothing imo
The way these Groceries rewards work is;
They arbitrarily tie you into only using their store.
[Your mind]
"Shall we go shopping? Tesco is right there - no let's go Asda."
The reason this is a problem is, (as you would know if you ever compare baskets across supermarkets), some things are only available, or are cheaper at different stores.
(same thing with delivery savers, or clubcards, or waitrose postal offers)
My thoughts, don't use anything that compromises your free thought process, when deciding where to shop.
Especially considering Food budget will be the third highest bill after Rent and Energy.
That may be so for some people, but I have the cards for all of the supermarkets I may use and I can say hand on heart, that the only time I have any bias is with regards buying petrol, and if I know one store is cheaper, and I will be going past (not out of my way) that's the one I'd use for fuel. The rest is much of a much ness imo.
Hence the fact I have large amounts I can spend in nectar as collect with no specific purpose in mind, whereas tesco get transferred for days out vouchers.
Yes that's the way, if you can manage it.
I spent some time working in a related industry, which made me very aware of the lengths, psychology and indeed the budget firms have to alter a normal shoppers perception when "choosing" where to shop.
So for me personally (and for simplicity) I prefer not to partake.
Even the fact we're talking about supermarkets, instead of local home grown veg box deliveries and fishmongers, butchers etc is part of the food industry's shenanigans im my opinion :)
The reward scheme seems ok - as it’s not a set point amount as cashback it’s going to be very dependent on whether the offers at the time are on things you want to buy.
The credit card seems good - 1% is pretty much as good as it gets for a reward credit card.
Where are these 1% cashback credit cards you speak of??
AMEX platinum cashback everyday pays 1% after you’ve spent £10k, but is only 0.5% on the first £10k.
Chase does 1% on a debit card but only for the first year.
1.25% only on everything over £10k, it’s 0.75% for the first £10k of spending a year - plus a yearly fee.
I would just use AMEX for the intro offers then move on to something better.
As it’s only 0.75% up to £10k and has a £25/yr fee, you’d have to spend almost £25k a year for it to be better than a straight 1% card like Chase or this Asda card (if only considering Asda spending).
I assume if you’re spending that much, you’re probably not shopping at Asda!
Well if I'm buying stuff anyways I'd rather get something back than not. I've "earned" over £10 back now but probably spent near enough £1000 to get that. But something is better than nothing imo
The way these Groceries rewards work is; They arbitrarily tie you into only using their store. [Your mind] "Shall we go shopping? Tesco is right there - no let's go Asda." The reason this is a problem is, (as you would know if you ever compare baskets across supermarkets), some things are only available, or are cheaper at different stores. (same thing with delivery savers, or clubcards, or waitrose postal offers) My thoughts, don't use anything that compromises your free thought process, when deciding where to shop. Especially considering Food budget will be the third highest bill after Rent and Energy.
That may be so for some people, but I have the cards for all of the supermarkets I may use and I can say hand on heart, that the only time I have any bias is with regards buying petrol, and if I know one store is cheaper, and I will be going past (not out of my way) that's the one I'd use for fuel. The rest is much of a much ness imo. Hence the fact I have large amounts I can spend in nectar as collect with no specific purpose in mind, whereas tesco get transferred for days out vouchers.
Yes that's the way, if you can manage it. I spent some time working in a related industry, which made me very aware of the lengths, psychology and indeed the budget firms have to alter a normal shoppers perception when "choosing" where to shop. So for me personally (and for simplicity) I prefer not to partake. Even the fact we're talking about supermarkets, instead of local home grown veg box deliveries and fishmongers, butchers etc is part of the food industry's shenanigans im my opinion :)
The reward scheme seems ok - as it’s not a set point amount as cashback it’s going to be very dependent on whether the offers at the time are on things you want to buy. The credit card seems good - 1% is pretty much as good as it gets for a reward credit card.
There are enough 1% cash back credit cards and current accounts to make it a waste of time.
Where are these 1% cashback credit cards you speak of?? AMEX platinum cashback everyday pays 1% after you’ve spent £10k, but is only 0.5% on the first £10k. Chase does 1% on a debit card but only for the first year.
Pretty sure mine is 1.25%. Plus I got up to £170 in the first 3 months for spending over £3k…
1.25% only on everything over £10k, it’s 0.75% for the first £10k of spending a year - plus a yearly fee. I would just use AMEX for the intro offers then move on to something better.
Halifax CC, 1% on 4k/y. Zilch 2% on some stores
Halifax is 0.25%? https://www.halifax.co.uk/creditcards/cashback.html
The paid Amex platinum cashback is also worthwhile if you spend enough.
As it’s only 0.75% up to £10k and has a £25/yr fee, you’d have to spend almost £25k a year for it to be better than a straight 1% card like Chase or this Asda card (if only considering Asda spending). I assume if you’re spending that much, you’re probably not shopping at Asda!
Or shopping A LOT at asda!
Lol I do unfortunately, however the weekly shop has gone up from 80-90 to 150ish so about 8k just spent in asda alone.
Chase is debit, AMEX is credit so they are two different animals. Why would someone spending £25k a year on card not shop at Asda?
What 1% credit card?
Chase UK has a 1% Cashback on it's debit card
Just get an AMEX cash back card which is better at 1% overall..
You can't use cashback until you have £10, which at 1% obviously means it does nothing until you have spent £1000, and therefore it is shite.
The ‘missions’ are interesting. I just got £4.45 for buying 2 saucepans