Supermarket credit cards

Credit cards that are offered by supermarkets such as Asda, Tesco, Marks and Spencer and Sainsbury's work in the same way that reward credit cards do, whereby basically you get rewarded, by way of savings and discounts, for spending, but the difference is, you are only rewarded for spending in that particular store.

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The reason why this works is because most people have a particular supermarket store that they favour (whether it is for taste reasons or simply just location and practicality) and a great deal of your money ends up going into that particular store every week so any savings or discounts will be used on something that you would have bought anyway, rather than encourage an extravagant, and unnecessary, purchase like a cashback card rebate might.

Supermarket credit cards also tend to have a reasonably lengthy 0% balance transfer period and can therefore be a good option for the transferral of any expensive debt that you are paying off.

Often these types of card are only really worth having to use for your weekly shop, while you pay for everything else with a separate account, as you are only rewarded for the in store purchases. Sometimes they can even offer less return in monetary terms than a rival cashback card would, so be sure to check out the rates before you take anything for granted and make sure that you choose a card that suits your personal spending patterns.

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