I got a Lloyds AmEx as well as the Mastercard I applied for. Which should I use?

Sayva

I signed up to a Lloyds Bank Choice Rewards Credit card over the phone. When they spoke to me they me and went over the Ts & Cs, they only ever mentioned Mastercard. However in the post, I got an American Express card as well. I think they're both linked to the same credit limit as they both show up on my online banking on the same account. Does anyone know which I should use, or what the difference is?

I can see from their website that the AmEx card offers a much higher rewards points rate per spend, so should I ever use the Mastercard at places that accept both?

Is the AmEx card just a chargecard that I'll have to repay in full each month? I get 16 months interest free and intend to run it up to the limit with y normal spending and minimum payments, and save the interest with Santander 1-2-3, so if it's a chargecard, I'd rather not use it.

Can anyone explain. I'm very confused I don't usually use credit cards I'm not very knowledgeable about them but the cashback and free interest sold me in the end!

20aday

Sayva wrote: »

I signed up to a Lloyds Bank Choice Rewards Credit card over the phone. When they spoke to me they me and went over the Ts & Cs, they only ever mentioned Mastercard. However in the post, I got an American Express card as well. I think they're both linked to the same credit limit as they both show up on my online banking on the same account. Does anyone know which I should use, or what the difference is?

I can see from their website that the AmEx card offers a much higher rewards points rate per spend, so should I ever use the Mastercard at places that accept both?

Is the AmEx card just a chargecard that I'll have to repay in full each month? I get 16 months interest free and intend to run it up to the limit with y normal spending and minimum payments, and save the interest with Santander 1-2-3, so if it's a chargecard, I'd rather not use it.

Can anyone explain. I'm very confused I don't usually use credit cards I'm not very knowledgeable about them but the cashback and free interest sold me in the end!

I've got one of these so I'm more than happy to help!

There's no difference other than some retailers don't accept AmEx so that's when you'd need your MasterCard.

The AmEx is not a charge card; they share the same credit limit too. For the first six months you earn double Choice points for qualifying purchases on your AmEx (the MasterCard remains at 10 points per £5 of qualifying spend.) So for every £1 you spend you'll get 20 points.

Here's a link:

http://www.lloydsbank.com/credit-cards/choice-rewards.asp

Fruit_and_Nut_Case

Several providers provide dual-card accounts these days. The general advice is to use the AmEx where it is accepted and fall back to the Mastercard/Visa anywhere else.