| Hi
and welcome to the first issue of the weekly Polar
Money Tips newsletter. This newsletter will give
you tips each fortnight to help you keep your
money in your pocket, which could save you £100s
over the course of the year. Enjoy!
Stella
Hulott, Editor
When
Reward Cards Don't Pay |
 |
|  Whether it's cash
back, airline miles, or savings for
college, reward
credit cards have their appeal. After
all, who doesn't want to get
paid to shop? It's like free money.
Unfortunately, reward credit cards are
not for everybody.
First
of all, who should avoid reward cards?
If you tend to carry a balance from
month to month, then in this instance,
reward cards are probably not for you.
This is because reward cards do tend
to have a slightly higher interest rate
than some other credit cards, so if
you don’t pay your balance off
in full every month, the interest charged
will probably outweigh the benefits.
.
However, if you pay off the full balance
at the end of the month (and therefore
interest rates are not a concern) then
it will certainly be worth your while
looking for a reward credit card. Choose
one that gives you benefits that you
will actually use. For example, if you
are a keen traveller, one that offers
double airmiles or free travel insurance
will have some value for you. Or, there
are cards that will offer a free extended
warranty on the purchase of some electrical
goods and ones that a give percentage
of your spend back.
If
you are looking how to make the most
out of your loyalty reward card as opposed
to your reward credit card, the see
on in our newsletter….
|
|
Protect yourself from Identity Fraud. |
|
|
Protect yourself from Identity fraud.
Trial CreditExpert for free and get
email or SMS alerts of key changes on
your credit report before identity fraud
strikes. Sign up for your free
30-day trial today and get
a free credit report. |
Making
the most of your loyalty card… |
|
|
Loyalty reward cards are the cards that
stores (such as Sainsburys, Tescos,
Boots etc) offer you as a reward (and
as an incentive!) for shopping with
them. They should not be confused with
reward credit cards!
Loyalty
schemes can sometimes be confusing,
as providers offer different ‘rewards’.
However, there are ways you can make
the most of your loyalty cards –
it’s just about taking a bit of
time out to investigate who offers what
and how you can get the maximum benefit!
For
example, with a Boots Advantage Card,
you get 4 points for every £1
you spend on non-prescription stuff
such as toiletries, cleaning products
etc. If you are a Tesco Clubcard holder,
you get 1 point for every £1 spent
and, for Nectar cardholders, you get
2 points for every £1 spent.
So,
even by changing the way you shop just
for essentials (such as toothpaste,
deodorant, even sunglasses), you can
max out on points! For example, if you
spend £25 on toiletries in Boots,
you’ll get 100 points compared
to 25 points in Tescos and 50 on your
Nectar Card!
Also,
with all loyalty cards, look out for
special in-store promotions, such as
‘Buy 2 and get an extra 100 points
free’. Your points will soon tot
up!
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|
Tell Us What You Think |
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| We would love to hear what you think of this issue of Polar
Money Tips. And of course, if you have
any suggestions for future issues that
you'd like to share with us, please
send those, too! Just e-mail me, Stella,
at: moneytips@polarloans.co.uk
PLEASE DO NOT RESPOND TO THIS EMAIL!
|
|
Legal
Disclaimer
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information provided in this newsletter is for information
purposes only and is based on our current understanding
of personal finance matters and the law. We cannot be
held responsible for any omissions or errors in the
information published, nor held liable for any losses
incurred as a result of you using this information.
We also cannot be held responsible for the content of
external websites.
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feel free to pass this around to friends and family!
They will thank you for it! PolarLoans.co.uk is
a trading style of J2-Squared Limited. For our site
Terms and Conditions and Privacy Policy please click
here |
In
This Issue:
- When Reward cards Don't Pay
- Protect Yourself from Identity Fraud
- Making
the most of your loyalty card…
- Tell Us What You Think
Debt
Consolidation Loans from Polar Loans
Do
you need to consolidate your debts into one low cost
easy payment, then try our consolidation
service.
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