closeing 123 credit card

Candyapple

robotrobo wrote: »

no doubt its me , but because of the free time you get before the next bill arrives , i continually seem to have a biggish bill every month & we cannot remember all the purchases we have made .
i have talked to the wife about just getting the petrol , shopping , on the card only & anything that does not give cash back we will pay on our debit card , we have no problems paying the credit in full every month , it just seems never ending,
we have had £136 back since we opened the account some 4 years ago , obviously we are not useing it properly , my wife will draw her weekly money , say £170 & spend it on various things for the week shop & will say pay asda cash on the thursday weekly shop.
i think i have answered my own questions ,but how does our cash back compare to you good people out there?, & i am opened to suggestions on how to get the best use of our credit cards?.
we have no problems really with the 123 accounts we have , i just top them up to the max occasionally & make full use of the interest .
thanks for your reply

I only opened mine earlier this year and for fuel and train travel alone I am on target to receive the full £108 once the year is up (£9 max per month in that category). A quick glance at my statement reveals I am averaging £14 per month in cashback so the other £3 is made up of supermarket shopping and I have bought quite a few things recently from department stores due to a wedding so will expect it to drop to an average of £11/12 per month henceforth so my on target earnings for my first year should be circa £140-150 at a conservative guess as there was no fee for the first year. The second year even if I just spent on the fuel/travel category alone, £108 less £24 fee would still see me in £84 profit for the year. So in comparison to your sum of £136 cashback for sum total of 4 years, assuming I had held my card for the same time as you have, I would have made just shy of £400 in cashback and that’s working on not adding supermarket shopping etc.

Obviously everyone will be different according to their lifestyle and spending habits, but £136 for 4 years does seem like you are not utilising it to its maximum capacity at all.

Why not get your wife to put any cash she withdraws or do a bank transfer towards the Santander card and then use that to spend on it instead?

skea56

My qualifying purchases recently have been very light on this card and the majority of my CB comes from diesel spends.
Over the last 6 months I have received the following CB
June £5.64
May £8.36
Apr £3.85
Mar £8.21
Feb £2.65
Jan £4.08

Not bad for little use, plus I am currently on a 0% on BT and all purchases so as long as I make at least £2 per month on CB the card pays for itself.

sk56

robotrobo

[QUOTE=Candyapple;


Why not get your wife to put any cash she withdraws or do a bank transfer towards the Santander card and then use that to spend on it instead?

thanks candy , as from today .because she has withdrawn the housekeeping already , she has been to tescos today & put the money & recipt away so that when i get the statement i can cross check it, & we are going to try harder.
thanks:)

robotrobo

Candyapple wrote: »

I only opened mine earlier this year and for fuel and train travel alone I am on target to receive the full £108 once the year is up (£9 max per month in that category). A quick glance at my statement reveals I am averaging £14 per month in cashback so the other £3 is made up of supermarket shopping and I have bought quite a few things recently from department stores due to a wedding so will expect it to drop to an average of £11/12 per month henceforth so my on target earnings for my first year should be circa £140-150 at a conservative guess as there was no fee for the first year. The second year even if I just spent on the fuel/travel category alone, £108 less £24 fee would still see me in £84 profit for the year. So in comparison to your sum of £136 cashback for sum total of 4 years, assuming I had held my card for the same time as you have, I would have made just shy of £400 in cashback and that’s working on not adding supermarket shopping etc.

Obviously everyone will be different according to their lifestyle and spending habits, but £136 for 4 years does seem like you are not utilising it to its maximum capacity at all.

Why not get your wife to put any cash she withdraws or do a bank transfer towards the Santander card and then use that to spend on it instead?

£9 max per month in that category, now i understand what that means:o

robotrobo

enthusiasticsaver wrote: »

I have the Santander 123 credit card and use it for petrol, supermarket and department store spends to get the cashback which is a lot more than the yearly £24 charge. What do you find confusing about it?

thankyou , i realise i have not used it to its full potential & as from today we have agreed to use it on all cashback deals , ie shopping & petrol mostly..
and now i will remember where the moneys gone every month with the new care we are both takeing.
thankyou