Credit Card Reward Schemes Discussion Area

SophieB73

Further to my last post, I have been looking at cashback cards and there does seem to be slightly more choice of Non-AMEX cards than when looking at rewards cards.

Perhaps if you can't get an AMEX card you should give up and get a cashback card instead?

nigbus

Hi. A quick question regarding TESCO CREDIT CARD. Do you get points based on monthly spend or per transaction? ie Do you get the same points (2 points) for spending £8 in one go as spending £2 four times?

basiaking

I used to have the old style Tesco Credit Card (issued pre 2006) which paid double the amount of points that they pay now (ie. 1 clubcard point per £2 spent outside of Tesco.) I rang them once to ask the same question as you are asking and they said it is per transaction per 2 whole pounds. If this is still the case, as you now get 1 clubcard point per £4 spent outside of Tesco, I would presume it is still per transaction. So you get 1 clubcard point for every "whole" £4 that you spend in a single transaction, so if you spend £7.99 you will only get 1 clubcard point. Hope this makes sense.

nigbus

basiaking wrote: »

I used to have the old style Tesco Credit Card (issued pre 2006) which paid double the amount of points that they pay now (ie. 1 clubcard point per £2 spent outside of Tesco.) I rang them once to ask the same question as you are asking and they said it is per transaction per 2 whole pounds. If this is still the case, as you now get 1 clubcard point per £4 spent outside of Tesco, I would presume it is still per transaction. So you get 1 clubcard point for every "whole" £4 that you spend in a single transaction, so if you spend £7.99 you will only get 1 clubcard point. Hope this makes sense.

Thanks for your reply.
Just to confuse me even more I've just used the REWARDSCHECKER.COM and put in the TESCO credit card spending £10. The REWARDCHECKER.COM says I get £0.01 per point with a total of £0.04 if SPENDING IN STORE or £0.04 per point with a total of £0.10 if SPENDING ON DEALS.
Totally confused now!
Somebody must know the answer.
MARTIN, help us please?

gjchester

SophieB73 wrote: »

However, as AMEX is not the easiest card to get

Amex are no harder to get than any other card used to be but not any more, mnost people will qualify. However they are harder to use, I cancelled mine as I was tired of people saying they didn't accept amex and I had to use my non cashback debit card.

Amex take a higher %age from the merchant so they are often refused in stores. Only recently did Tesco start to accept them and big internet players like Play.com don';t accept them, It's no use how much they pay back if you can't use it in the first place.

basiaking

I use the Amex and have an Egg Moneyback card to use where Amex isn't accepted. I seem to spend most of my money in Tesco where they do accept Amex so this works well for me.

kardy12

What about the Virgin Atlantic Amex airmiles card? On the face of it, the payout structure is similar to the BA one (a point per £1 spent), but how does it compare in payout terms?

joweir

This weeks email gave info on the new Lloyds Duo card so now I am even more confused! Which is best - the Lloyds Duo or the BA Amex? We are wanting to save up the miles for 2 flights vegas in 18 months time - are either of these cards the best way to go? We probably spend about £15000 per year on cards and yes pay off everything each month!

Oh and why are they all so confusing?!!!

CannyJock

joweir wrote: »

This weeks email gave info on the new Lloyds Duo card so now I am even more confused! Which is best - the Lloyds Duo or the BA Amex? We are wanting to save up the miles for 2 flights vegas in 18 months time - are either of these cards the best way to go? We probably spend about £15000 per year on cards and yes pay off everything each month!

Oh and why are they all so confusing?!!!

http://www.airmiles.co.uk/spend

You need 8000 miles to get to Vegas (from a London airport). Yout get 1 airmile per £10 using the Amex Duo card so you need to spend £80,000 for one flight .....

With LTSB if you spend more than £15,000 a year, you get a voucher for a free flight:

1. ONE COMPANION TICKET WILL BE AWARDED PER CUSTOMER PER YEAR SUBJECT TO A MINIMUM CREDIT CARD SPEND OF £15,000 PER YEAR. £15,000 SPEND THRESHOLD EXCLUDES BALANCE TRANSFERS, REFUNDED PURCHASES, INTEREST, FEES AND OTHER CHARGES. 2. TO QUALIFY FOR A COMPANION TICKET THE CARDHOLDER MUST HAVE SPENT A MINIMUM OF £15,000 IN THE 12 MONTHS PRECEDING THE ANNIVERSARY OF OPENING THE LLOYDS TSB DUO PREMIER CREDIT CARD ACCOUNT. IN EACH SUBSEQUENT YEAR CARDHOLDERS WILL QUALIFY IF, THEY HAVE SPENT A MINIMUM OF £15,000 IN THE PRECEDING 12 MONTHS. COMPANION TICKETS ARE LIMITED TO ONE PER YEAR. A YEAR WILL COMMENCE ON THE ANNIVERSARY OF THE CREDIT CARD ACCOUNT. 3. CARDHOLDERS WILL BE NOTIFIED IF THEY HAVE QUALIFIED FOR A COMPANION TICKET VIA A VOUCHER ON THEIR AIRMILES ONLINE ACCOUNT APPROXIMATELY 4 WEEKS AFTER REACHING THE SPEND THRESHOLD OF £15,000 4. COMPANION TICKETS MUST BE BOOKED ONLINE BY VISITING WWW.AIRMILES.CO.UK FOR QUERIES PLEASE CONTACT 0844 49 333 49 (TEXTDIRECT 18001 0844 49 333 49) 5. THE COMPANION TICKET VOUCHER WILL BE VALID FOR A PERIOD OF 12 MONTHS AFTER WHICH TIME THE COMPANION TICKET VOUCHER WILL EXPIRE. 6. COMPANION TICKETS ARE ONLY AVAILABLE ON BRITISH AIRWAYS FLIGHTS WHEN USED IN CONJUNCTION WITH ECONOMY CLASS BOOKINGS THAT ARE PURCHASED WITH AIRMILES. CASH-ONLY PURCHASES SHALL BE EXCLUDED. 7. CARDHOLDERS USE OF COMPANION TICKETS WILL BE LIMITED TO ONE TICKET PER BOOKING. 8. THE ‘COMPANION’ MUST TRAVEL TO THE SAME DESTINATION AS THE CARDHOLDER AND BE ACCOMPANIED BY THE CARDHOLDER IN ORDER TO TAKE ADVANTAGE OF THE COMPANION TICKET. 9. COMPANION TICKETS CANNOT BE USED IN CONJUNCTION WITH ANY OTHER OFFER AND ARE SUBJECT TO AVAILABILITY. 10. NEITHER THE BANK NOR AIRMILES CAN GUARANTEE THAT A CARDHOLDER WILL BE ABLE TO USE A ‘COMPANION TICKET’ ON A PARTICULAR FLIGHT. 11. CARDHOLDERS MUST BOOK (THROUGH AIRMILES) A FLIGHT TO ONE OF THE SELECTED DESTINATIONS AND AIRMILES RESERVE THE RIGHT TO WITHDRAW OR AMEND THIS OFFER UPON PROVIDING REASONABLE NOTICE.

But looking at the moment, there's no BA flights available from London to Las Vegas for that November 2011.

Spending Air Miles can be just as tricky as earning them And it's complex so that you don't get the best deals possible without doing a bit of research - that way their cost of being part of the scheme is kept to a minimum

dannyboy83

Hi,

I've been a big fan of Goldfish rewards credit card over the years - had one for around 6 years. But since Barclaycard took them over, rewards are getting less and less valuable. I got a letter today saying it would take 3500 points to order a £10 voucher for a high street store. 1 point = £1.

So I need to spend £3500 to get a tenner... sounds pretty crap to me. I think I'll use the recommendations on this site to find something better.