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Cashback card vs 0% 12 month Purchase Card?
humfer
Posts: 1,779 Forumite
in Credit cards
Considering going for one of the latest cashback cards as recommended in Martin's recent article for my wife. She only spends about £300 a month on the card, but it is mainly on petrol. Just wondering if going for, say the GE Money card paying 3% cashback would be better than merely spending on a Sainsburys card 0% for 12 months and putting the spare cash that would have been paying of the balance each month into a savings account. Anyone have any recommendations?
0
Comments
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'Profit'...
Sainsbury's - £57
GE Money - £108
Assumptions:
Sainsbury's...
Stooz pot interest rate is 4.75%
Basic rate tax-payer
Min payments made from stooz pot
GE Money...
All the £300/month is spent on food/petrol0 -
YorkshireBoy wrote:'Profit'...
Sainsbury's - £57
GE Money - £108
Assumptions:
Sainsbury's...
Stooz pot interest rate is 4.75%
Basic rate tax-payer
Min payments made from stooz pot
GE Money...
All the £300/month is spent on food/petrol
God thats quite a difference, GE Money card it is then...0
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