How to Choose a Supermarket Credit Card


by David P Walker - Date: 2010-08-14 - Word Count: 491 Share This!

If you worked out how much money you spent at your local supermarket in a year, you might be a bit horrified. But by using a supermarket credit card you can take advantage of all the money which goes out on your weekly shop.

Supermarket credit cards, like any other reward credit card, allow you to earn points each time you spend, and these can be converted into savings on your overall bill. They can also offer a number of deals to the user, such as 0% balance transfers and interest free purchases for a set period of time.

Choosing the right supermarket credit card

The most important thing about your supermarket credit card is likely to be the savings you make on your shopping bills. It is therefore likely that the best card for you will be the one offered by the supermarket at which you regularly do you weekly shop. This way you will be using your card, and therefore making savings with it, as often as possible.

If you have the choice of a number of different supermarkets, then take a look at the loyalty schemes on offer with each of the different cards, as they will have different deals and offers attached to them.

Picking up 'points'

By purchasing items in your supermarket, you will be picking up 'points' on your supermarket reward card along the way. However, these can be confusing to the uninitiated. For instance, how much will you need to spend to pick up 100 points, and how much will those points, in turn, save you on your shopping? These figures will differ from shop to shop.

Other features

As well as 'points', the various credit cards will offer a number of other features which may or may not be of use to you. For example, the balance transfer, or the amount you will have to pay to transfer your money, as well as any interest free purchases offers, and the APR of the card, should all be taken into account when choosing your card.

Making it work for you

Remember, using a supermarket credit card will only be beneficial to you if you remember to pay off your balance in full each month. Otherwise, any savings you manage to make on the card will be minor in comparison to the amount you will have to spend on interest.

You will also need to be careful when it comes to any 0% balance transfer offered to you - if you do transfer a balance then you will need to pay it off before the end of the promotional period so that you don't pay interest. If this isn't possible for you, find another card which offers 0% balance transfers and transfer the balance over to that card.

Cashback cards

An alternative to the many twists and turns of supermarket credit cards is a cashback card. These offer cash rewards instead of points, which can be simpler to understand when it comes to making savings on your shopping bills.


At Credit Choices you can compare instant decision credit cards online. Whatever your individual credit card needs, we can help you find the best deal.n
n Your Article Search Directory : Find in Articles

© The article above is copyrighted by it's author. You're allowed to distribute this work according to the Creative Commons Attribution-NoDerivs license.
 

Recent articles in this category:



Most viewed articles in this category: