URGENT 4% INTEREST IN A DAY LOOPHOLE

MSE_Martin

Take a look at the article

4% interest in a day on supermarket spending

Robert_Sterling_3

I make it up to 4.167% with the ASDA Scheme rather than 4% but hey who cares?
Also it is not £4 for every hundred as at ASDA if you bought one hundred pounds worth of stamps you would get an extra £3 of stamps.
I also think it is not actually interest as it does not seem to be taxable.
Re:- ASDA in the article it says buy £97 get £3
In the Table it says £100 gets ( Or does it mean includes) £4 ?

david78

I think Martin as missed a couple of tricks in his article.

(1) You can top-up your card using a cashback credit card (its just a delayed purchase after all.), and

(2) At ASDA you can have as many cards as you like so there isn't really a limit to how much you can save.

What I would like to know is how long do I have to spend the money on my ASDA card from 22 Nov. Do I have to spend it all in one shop? Could I for example wait 'till the new year sales?

Margaret_Millne

I think Martin as missed a couple of tricks in his article.

(1) You can top-up your card using a cashback credit card (its just a delayed purchase after all.), and

(2) At ASDA you can have as many cards as you like so there isn't really a limit to how much you can save.

What I would like to know is how long do I have to spend the money on my ASDA card from 22 Nov. Do I have to spend it all in one shop? Could I for example wait 'till the new year sales?

From Martins article:

"Purchase them with a cashback card and you'll increase your return even further."

"There’s also no limit to the amount of cards you can buy, so you can multiply this as many times as  you like (or as is sensible as you have to spend the stamps in Asda, they’re not cash)."

Sorry David78, he beat you to it.

I do think I have read somewhere that with Asda you can only put a max of £50 at a time, but don't know whether you can go to more than one checkout and do it several times that way.