If you estimate the amount of money you spent at local supermarket every year, you might get amazed. But with the use of supermarket credit card, you can take some benefit of all the money you spent during your weekly shopping. Like reward credit cards, supermarket credit cards let you earn reward points on your every spending, which can be transferred into your monthly savings easily. The best credit card for customer will be one which is offered by supermarket where he occasionally does shopping. Here is the comparison of features and charges associated with credit cards offered by different supermarkets-
• Tesco Clubcard Credit Card: Customer can avail one point for every £4 spent at Tesco supermarkets or somewhere else. There is no any interest applicable on balance transfers for initial 9 months and on purchases for 15 months. Customers can also get bonus clubcard points if they do shopping in Tesco stores or somewhere else. Customer has to clear all his dues before his grace period ends or else he will be charged 16.9% APR and he has to sacrifice all his other benefits. Tesco Clubcard credit cards are good for the customers who do lot of shopping at Tesco and consistently fill up Tesco fuel.
• Sainsbury’s Credit Card: It offers two points for every £1 purchases made at Sainsbury and one point for every £5 consumed in other stores. The card offers interest free purchases for initial six months at every store. It charges 0% on balance transfers for initial 15 months. Ensure to clear all your dues before your interest-free period ends or else you will be charged interest as high as 16.9%, which may wipe out all your precious savings in less time.
• Asda Reward Credit Card: It charges 0% interest on any purchases made for initial three months and offers interest free balance transfer facility for first year. Customers can avail 5% discount on purchases made at Asda stores. This card also features free home shopping delivery when customer spends £99 on Asda reward credit card. Customers can get four reward points for every £4 of purchases made in Asda, during initial three months and two points for every £4 of purchases made at somewhere else.
Supermarket credit cards will prove right only if customer pays off his entire balance or dues every month immediately after his interest-free period gets over. Otherwise, rewards earned by customers will cost them similar to interest they pay on their due amount.
