Credit cards that offer rewards are a popular option for many people. If you are going to be paying interest for your purchases, you might as well get something out of the deal. While there are many different reward programs to choose from, store loyalty options are growing increasingly popular.
Expedia Coupon Codes: Are They Better?
Instead of credit card rewards, there are travel promo codes available to anyone on most major coupon code websites. There’s these coupons for Expedia that offer a $100 instant rebate, at least according to CouponFeed.org.
So is it more advantageous to go after a credit card with minimal fees (and are also easy credit cards to get) and use coupon websites to get our savings?
In the U.S., consumers typically choose between the Tesco ClubCard credit card and the Sainsbury’s credit card with Nectar Points. When you are ready to choose a credit card that offers loyalty rewards, you will want to compare these two schemes to see which one is the right fit for you.
Sainsbury’s Nectar Credit Cards
Sainsbury’s offers two credit cards, each of which carries different interest rates and benefits. The Nectar Card comes with a 16.9 percent APR, but you do get zero interest on purchases and balance transfers for the first 15 months with this option. Should you opt for the Sainsbury’s Low Rate Card, you will enjoy a 7.9 percent APR, but you won’t get an interest-free period on purchases and balance transfers. Both cards come without an annual fee and offer one loyalty point for every ?5 you spend. Since these cards come with the MasterCard logo, you can earn loyalty points even if you aren’t using them at Sainsbury’s stores.
Nectar Points Scheme
Sainsbury’s Nectar Points can be redeemed in a variety of fashions. You can use them for store purchases, or you can use them through many different online retailers and local businesses. You can cash in your points for airline tickets, hotel rooms, meals at restaurants, or local attractions.
You can earn additional points when you shop with trusted partners, so you can make your Sainsbury credit card purchases worth even more. British Gas is a partner with Sainsbury’s, so you can earn loyalty points when you pay your energy bill every month, and you can also earn points if you bank with the Sainsbury’s bank.
Tesco ClubCard Credit Cards
Tesco offers more credit card options than Sainsbury’s, so you’ll need to sort through the different options to see which one is better for you. There is a card designed specifically for purchases, two that are geared toward consumers looking for an affordable balance transfer, and one designed for people who want a lower overall APR. The representative APR for all but one credit card from Tesco is 18.9 percent, which is higher than the offering from Sainsbury’s. The low APR Tesco credit card has a 7.8 percent APR, making it competitive with the low interest Sainsbury’s card. A key difference between the two retailer’s card offerings is the rate of loyalty point accumulation. Tesco ClubCard credit card holders earn one point for every ?4 spent, making it a better deal than the Sainsbury’s Nectar Points scheme. Your Tesco ClubCard credit card also comes with a MasterCard logo, so you can earn points no matter where you shop.
Tesco Rewards Points Scheme
Much like Sainsbury’s, you can redeem your points for store merchandise or for goods ad services offered by Tesco’s partners. You’ll be able to choose from dozens of local and national eateries and pubs and local attractions, as well as airline travel, hotel stays, and vacation packages.
You can also redeem extra points through purchases made with partner companies, like the energy supplier E.ON. Sainsbury’s offers more merchants to earn points through than Tesco, but each loyalty program offers similar options for places that points can be redeemed. You’ll also be able to earn points through partner petrol stations and when you choose Tesco’s mobile phone service.
Both credit card loyalty programs have advantages and drawbacks. Sainsbury’s offers fewer credit card options, while Tesco has fewer options for ways that you can earn points outside of using your credit card. Your decision may come down to your personal preference between the two retailers and the credit card option that meets your financial needs best. No matter which card you choose, you will be able to save money by earning rewards voucher good for merchandise, food, entertainment, and travel, so be sure to choose one of these credit cards if you are looking for a great loyalty reward option.