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asda gift cards

just been reading an article on yahoo finance.
apparently asda have bought out gift cards.
load it with £144 and they add £6 to it.
they say this is the equivalent to an apr of 12.9% before tax
you can have as many cards as you want and there doesnt appear to be a time limit for their use.
put on less than £144 per card then the " interest " is substantially lower.
sorry if i am duplicating someone elses post.

Comments

  • Frugalista
    Frugalista Posts: 1,747 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    They are the Christmas savings cards and have been around for years. I have been using them since about 2008.

    Just load them with £144 and they add £6 just before Christmas. Only downside is that you have to do all your shopping at Asda. I usually take my sister with me (who shops using cash) and I pay for her shopping with the savings card and she gives me the cash.
    "Men are generally more careful of the breed(ing) of their horses and dogs than of their children" - William Penn 1644-1718

    We live in a time where intelligent people are being silenced so that stupid people won't be offended.
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