Shoppers are Saving by Spending With Cashback Credit Cards

LONDON, March 9, 2012 /PRNewswire/ --

Shoppers are making their money go further by getting cashback for their credit card purchases, according to comparethemarket.com, one of the UK's leading comparison websites. The company has found that increasing numbers of consumers are visiting their website in a bid to find the best credit cards which offer rewards for shopping.

Those who pay off their monthly credit card balance have found it particularly useful to get a card which offers rewards. Since they pay their full credit card amount each time, these spenders have found interest rates less of a factor when choosing the right card. Cashback credit cards can be an attractive option, offering a reward for purchases.

Simon McCulloch, Director of Money at comparethemarket.com said: "There is a range of different cashback and rewards cards available on the market, with each offering their own unique reward scheme. Some cards only offer rewards on certain types of spending, whereas others have different reward tiers for different products purchased. Santander's 123 Credit Card, for example, offers 1% cashback on supermarket spending, 2% in department stores and 3% cashback on petrol. For consumers, it's well worth taking a few extra minutes to compare and find the best card for their needs.

"This is why more and more consumers are choosing to visit comparethemarket.com. We offer our customers a quick and easy way to compare the huge variety of types of credit card, helping them to find good offers which best suit their needs."

Specialising in more than just car insurance, comparethemarket.com provides customers with an easy way to find the right deal on a wide range of insurance and financial products including home insurance, van insurance, bike insurance, life insurance, pet insurance and credit cards.  It also offers comparisons for a range of household utilities including electricity, gas, phone, broadband and digital TV.

About comparethemarket.com

• comparethemarket.com was launched in 2006 and has grown rapidly over the past six years to become one of the UK's leading price comparison websites.  
• comparethemarket.com provides customers with an easy way to make the right choice for them on a wide range of products including motor, home, life, travel and pet insurance as well as utilities and money products such as, credit cards and loans.
• comparethemarket.com actively selects its brand partners, working with the best and
  most trusted organisations
  to ensure quality service to consumers.

comparethemarket.com is a trading name of BISL Limited.  BISL Limited is authorised and regulated by the Financial Services Authority.

Registered Address: Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS. Registered in England number 3231094.