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Michael Challiner's Articles in - Credit cards

  • Store Cards – Are You Storing Up Problems?
    The number of people with one or more credit cards has grown at an unbelievable rate in recent years. Like the mobile phone, the credit card has become a way of life for many people, something they’d be lost without.

    The offer of a store card for your favourite store can be tempting and may offer opening discounts, invitations to special events (encouraging you to spend money in the store, of course) and the familiar “If you take out the card today, you’ll get 10% off your...
  • Loyalty Cards – Think Again!
    Are credit card loyalty schemes worth the plastic they’re printed on? According to a recent study by moneysavingexpert .com the answer is a resounding “NO”. The study investigated 80 reward schemes and was especially unimpressed by Tesco’s Clubcard, Nectar and Airmiles. With the average value of each Tesco Clubcard point being worth from 1 to 4 pence, a Nectar point being worth 0.54 pence and an Airmile being valued at 7.9 pence, their reaction is hardly surprising.

    In act...

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