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Cashback credit cards 'only suit certain customers'

Cashback credit cards are suitable for certain customers, but may not be the best choice for others, it has been suggested.

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20 January 2009

Cashback credit cards 'only suit certain customers'”

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An article for online resource This Is Money states such cards could well suit people who clear their balance in full every month because interest rates can be high.

The makes its assertion as it notes rewards & cashback credit cards are becoming increasingly popular with customers.

It explains this is because "getting something back for nothing" can be a welcome offer when consumers are forced to tighten their purse strings during a turbulent economic climate.

The article notes cashback credit cards are available from a wide range of providers, including Bank or Ireland, Smile and Egg.

Egg states its credit card has a number of other offers, including no annual fee, internet shopping security and free travel accident insurance if consumers pay for all or some of their fare using the payment solution.

Written by Marcus Jenkins

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Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9^%
16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
	Virgin Credit Card
	20 months	3 months	16.8^%
16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
	Barclaycard Platinum with BT
	22 months	3 months	17.5^%
17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
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