Best credit card for buying my fuel ?

robadub

Hello, i'm currently a self employed delivery driver, and was thinking about getting a fuel card, however a few other couriers have said i would be better paying for all my fuel on a credit card which has bonuses ?

Dont know anything about CC's as i have only ever had 1 before so was just wondering if anyone could recommend me a card ?

I tend to spend between £100 and £150 a week on diesel. Mainly filling up at Sainsburys but not solely there.

Thanks in advance.

giblet10

Tesco Clubcard is what I use - 1 point for every pound spent plus bonus of a further point on every pound when used at a Tesco filling station (not the Esso with Tesco mini market).

Plus, you get 1 point for every £4 spent anywhere else that takes Mastercard.

I make about 1000 points a month which roughly gives me £40 of hotel vouchers when exchanged..

System

Santander 123 card http://products.santander.co.uk/creditcards/the123creditcard.html

3% on fuel spend up to £300/mo (getting £9 cashback/mo) plus 1% for supermarket purchases and 2% for department store purchases

£108 a year saving on petrol, although the card has a £24 annual fee but at the moment, if you sign up through Quidco you get £21 cashback so it will cost you £3/yr the first year.

I guess as you spend more than £300/mo you could get an Amex Platinum cashback card (again this has a fee, but you can get most of it back using quidco) - this will offer you 5% cashback on everything for the first 3 months (up to £2000) and after that you will get 1.25%

you could get this and then the Santander card after 3 months (5% for 3 months, then 3% after that up to £300/mo then use your Amex after that for 1.25%)

bit confusing but easily explained if you want more info

Gromitt

I have Tesco and AA CC's. I don't actually use the Tesco CC (always balance of zero), but it gives me 1 Clubcard point per £1 spent on fuel (twice as much as a plain clubcard) and then pay with an AA card which gives me 2% cashback (1% for non-AA members).

When I visit Sainsburys instead (can be cheaper than Tesco at times), I use a Nectar card + AA card.

If your a new customer to Capital One, you could grab their 5% cashback for 3 months offer.

giblet10 wrote: »

Tesco Clubcard is what I use - 1 point for every pound spent plus bonus of a further point on every pound when used at a Tesco filling station (not the Esso with Tesco mini market)

I'm pretty sure Tesco don't give you 2 points for every £1 spent at a Tesco filling station. More like 1.25 points for every £1 spent (1.25%) at a Tesco filling station, which is why I changed my cards to get 3%.

robadub

thanks for the advice everyone

any benefit on the capital one card over the the amex platinum one ?

think the favorite is Looies idea of the amex plat card for 3 months then the santander one after that

do i need a santander current account to take out a CC with them though ?

robadub

When applying for the CC it is asking for details of yearly income and monthly outgoings. I have only been self employed for 6 months so am not certain on what this is going to be as yet, how accurate do i have to be ? Can i get in to any trouble for not getting it right ?

Gromitt

robadub wrote: »

When applying for the CC it is asking for details of yearly income and monthly outgoings. I have only been self employed for 6 months so am not certain on what this is going to be as yet, how accurate do i have to be ? Can i get in to any trouble for not getting it right ?

They'll compare it to previous applications you've made to other lenders (maybe other CCs, Mortgage, car purchase, etc...).

If they don't believe you, they may ask for proof.

The worse will be rejection unless you deliberately enter false information, in which you could get a fraud marker.

Poosmate

If you are an AA member you could get 3 points per £ spent on motoring. You also get points for all other spends.

You can redeem these points on AA products (breakdown cover, insurance etc.), high street vouchers or cash. Redeeming against AA products seems to be the most value, the value of the high street vouchers was literally half that of the AA products and the cash back half that of the high street vouchers.

I like the flexibility of the rewards of this card - I must apply for one.

Hope that helps.

Poo

robadub

Gromitt wrote: »

They'll compare it to previous applications you've made to other lenders (maybe other CCs, Mortgage, car purchase, etc...).

If they don't believe you, they may ask for proof.

The worse will be rejection unless you deliberately enter false information, in which you could get a fraud marker.

everything i have applied for in the past (mortgage etc) i was on a salary earning 20k a year, wonder if that will make any difference ?

mgdavid

will you be able to cope with a credit card bill of £600 at the end of every month, i.e be able to keep sufficient money held back to pay it off?
This is the slippery slope that leads so many to get into debt, when they find they somehow don't quite have enough to pay the whole bill monthly.
TBQH if you can afford to pay as you go now, then I'd stick to that... :T

Gromitt

Poosmate wrote: »

If you are an AA member you could get 3 points per £ spent on motoring. You also get points for all other spends

How do you work that one out? I only get 1 point/£1 on most stuff, and 2 points/£1 on motoring and fuel.