Top Cashback Cards Discussion Area

stphnstevey

Shell CC cashback reduced to 1% from 3% in Oct - RIP Shell Credit Card, they have lost my business.

halsteadk

stphnstevey wrote: »

Shell CC cashback reduced to 1% from 3% in Oct - RIP Shell Credit Card, they have lost my business.

Got this letter too. The worst part for me is the reduction of the 1% on everything else to 0.25%. Yes, mine gets cut in half too at the end of Sep, back to my Barclaycard which (currently) gives 2% on petrol and supermarkets and 0.5% on everything else. With a Tesco Clubcard +2% Barclaycard cashback I can effectively match the 3% Shell card. So Shell petrol stations are likely to lose my business too.

I suppose the credit card companies feel that WE shouldn't be making money out of THEM, even a few quid a month...

silogram

arwynbr wrote: »

I was looking at the Shell card, earlier today, I use Shell 80% of the time, so would be great for me, and was thinking of applying - 6% is a lot off a £50 tank...
... but my brother wants me to be recommended by him because he believes there will be something in it for him, is this true? - I can't find anything about it on the Shell / Citibank site

I suppose everyone who has one will be on the downgraded Shell Card. Questionable if it's still worth holding.

cmatt360

poopiaw345 wrote: »

Cutting Back Today Can Get You Out Of Debt Tomorrow

When you start to get behind in your bills, your creditors often wait a several weeks before notifying collection agencies. During this time, it might be smart to write your creditors and request an extension or a reduction on what you owe so that you can pay the debt off slowly.

Since most creditors want the money they will extend your time to repay the debt. This is to their benefit too as it is a big hassle for them to go through the motions of reporting you. Most creditors want their clients to come back and believe that if given a chance you will pay off your debt and start a new account.

After you have talked to each creditor, set up a budget plan that will help you through eliminate your debts. The first thing you must do is add up your monthly living expenses - rent or mortgage, heat, lights, groceries etc.. These are the bills that MUST be payed for you to survive. Then subtract this from the money your salary pays and the difference is what you can budget to pay down your debt each month.

If you don't have anything left over at the end of the month for debt reduction you might have to find a job that pays more, move to a cheaper place or use less utilities per month.

If you have two cars and can do without one, it is smart to sell one of the them and apply the balance toward your debt.

Another thing you can do is sell off some of your personal items to pay the debt. While this may seem harsh, you can think long-term and know that you can eventually replace your items after your debts are repaid.

You might try getting rid of all that stuff in the garage or attack at a yard sale, or piece out some of the nicer stuff on eBay. Consignment stores are also a good place to turn unused items into much needed cash.

Another thing you can do is cut back on expenses - really take a look at what you spend and where you can cut back.

Do you buy products or groceries on sale, or are you paying the high fees for name brands?

Do you buy groceries in bulk, or go to the store every other day buying only a few items?

Do you spend more on gas simply because you haven't tuned up your vehicle?

Use coupons and buy items on sale then apply the savings to your credit bills.

If you like to read books or magazines get them at the library instead of paying for subscriptions or buying expensive books new.

Try buying clothing or household goods at consignment shops, shopping at yard sales, and spending less money on gifts and vacations.

do !!!! off.

mb73

poopiaw345 wrote: »

Cutting Back Today Can Get You Out Of Debt Tomorrow

When you start to get behind in your bills, your creditors often wait a several weeks before notifying collection agencies. During this time, it might be smart to write your creditors and request an extension or a reduction on what you owe so that you can pay the debt off slowly.

Since most creditors want the money they will extend your time to repay the debt. This is to their benefit too as it is a big hassle for them to go through the motions of reporting you. Most creditors want their clients to come back and believe that if given a chance you will pay off your debt and start a new account.

After you have talked to each creditor, set up a budget plan that will help you through eliminate your debts. The first thing you must do is add up your monthly living expenses - rent or mortgage, heat, lights, groceries etc.. These are the bills that MUST be payed for you to survive. Then subtract this from the money your salary pays and the difference is what you can budget to pay down your debt each month.

If you don't have anything left over at the end of the month for debt reduction you might have to find a job that pays more, move to a cheaper place or use less utilities per month.

If you have two cars and can do without one, it is smart to sell one of the them and apply the balance toward your debt.

Another thing you can do is sell off some of your personal items to pay the debt. While this may seem harsh, you can think long-term and know that you can eventually replace your items after your debts are repaid.

You might try getting rid of all that stuff in the garage or attack at a yard sale, or piece out some of the nicer stuff on eBay. Consignment stores are also a good place to turn unused items into much needed cash.

Another thing you can do is cut back on expenses - really take a look at what you spend and where you can cut back.

Do you buy products or groceries on sale, or are you paying the high fees for name brands?

Do you buy groceries in bulk, or go to the store every other day buying only a few items?

Do you spend more on gas simply because you haven't tuned up your vehicle?

Use coupons and buy items on sale then apply the savings to your credit bills.

If you like to read books or magazines get them at the library instead of paying for subscriptions or buying expensive books new.

Try buying clothing or household goods at consignment shops, shopping at yard sales, and spending less money on gifts and vacations.

You will definitely need to do all of the above after taking out the sub-prime loan and bad credit car loan that poopiaw has spammed the board with :rolleyes:

Duxk

Bit slow on the uptake with it but they calculate 1% (at the moment not spent enough for 1.5% as was) on each line item e.g. £7.99 equals 7 pence, £7.01 equals 7 pence.

Now I spent £925 last month but only got £7.99 cash back not £9.25 i.e. .86% not 1%

My Capital one card pays me 1% on the monthly balance so that would have been the full £9.25 but as I've just read they've discontinued the card :mad: I wonder when they'll take mine away- I guess when it expires?

The Play (dot) com card seems pretty good- thinking of applying for one of them- anyone else use one?

LongTermLurker

Duxk wrote: »

My Capital one card pays me 1% on the monthly balance so that would have been the full £9.25 but as I've just read they've discontinued the card :mad: I wonder when they'll take mine away- I guess when it expires?

Mine's been renewed this year and still has 1% cashback (I think - they haven't said otherwise anyway). It's still a good card to have.

JPD23

This [The Bank of Ireland 0.5% card] beats Amex Platinum if you'll spend under £3,000 in the first year, and anyone who spends less than £9,700 in subsequent years (once the 5% Amex bonus has disappeared).

Can someone explain the Maths behind the above statement in the main MSE article on this? (Sorry, it's Friday night!!!) Specifially the £9,700 figure quoted.

I have an Amex Platinum but have had it about 18 months so am outside the initial 5%. I've barely used it since the initial 5% period; my main card of choice has been Skycard but this is no longer issuing cashback (actually money off Sky bill).

Have applied for the Bank of Ireland 0.5% card and also Barclays moneyback card (not mentioned in the MSE article but I understand it does 1% up to a £2000 spend limit).

So the question is, am I better off using my Amex, or the Barclays (up to £2000) once it arrives? I probably spend around £600 a month on card, and obviously pay off in full every month.

stphnstevey

halsteadk wrote: »

Got this letter too. The worst part for me is the reduction of the 1% on everything else to 0.25%. Yes, mine gets cut in half too at the end of Sep, back to my Barclaycard which (currently) gives 2% on petrol and supermarkets and 0.5% on everything else. With a Tesco Clubcard +2% Barclaycard cashback I can effectively match the 3% Shell card. So Shell petrol stations are likely to lose my business too.

I suppose the credit card companies feel that WE shouldn't be making money out of THEM, even a few quid a month...

I have a TescoClubcard Plus card I am now using for petrol and food at Tesco. What with the normal doubling clubcard pts now and also the extra double pts I get from the Tesco Clubcard Plus card it works out about 3% cashback if spend pts in store and a massive 12% cashback if spent on Tesco deals.

I will be using my Egg money card for eslewhere spending - 1%.

Barclaycard sounds good though, but could be beaten at Tesco if you are after pts rather than direct cashback

However, I think the Barclaycard 2% cashback and the Tesco Clubcard Plus is closed to new customers?

halsteadk

stphnstevey wrote: »

However, I think the Barclaycard 2% cashback and the Tesco Clubcard Plus is closed to new customers?

I think that Barclaycard is, and a bit worryingly my latest online statement says that the terms and conditions will be changing at the end of October (I assume they'll come in the post, wouldn't be surprised if the % go down).

Couldn't see anything particularly stand-out about Tesco's current credit cards, so the Play.com card looks the most appealing to me now until I see what changes, if any, happen to the Barclaycard.