The changing face of our planet has brought interest in environmental issues very much to the fore, and nowhere more so than in the world of credit cards. Customers are looking to do something for the greater good in every aspect of their life now, which is why there is now a Co-op credit card that helps do just that.
The Co-op Think credit card donates 25 pence from every GBP100 spent to Cool Earth, an environmental charity that works to help regenerate the planet. Also, upon signing up for the card, the Co-op buys half an acre of rain forest in Brazil that will be protected and help manage carbon dioxide.
The Think credit card from the Co-op is also competitive financially, with an Annual Percentage Rate of only 12.9 percent. Ultimately a credit card should best suit financial requirements first, taking care of other matters are secondary. However this new Co-op credit card appears to have both bases covered.
Sainsburys Bank believes that credit card users are not claiming the rewards being earned through loyalty point schemes, ultimately costing themselves money.
Looking at the last year the Sainsburys Bank study found that, of over 8 million earned rewards on their credit cards. However only 3 million people claimed their rewards. The biggest reason cited for not claiming was that the value of the reward was too small, this being the reason for over 40 percent. Over a quarter of people felt the process to get the rewards took too long and just under a quarter said it was too difficult.
A Sainsburys Bank spokesman suggested that credit card companies should look addressing these issues since both card provider and consumer would both benefit.
Well known UK financial services company CIS has been looking at the state of the credit card market and seeing how we as a nation use them.
One of the first things that came to light in the CIS survey was the amount of money spent on the busiest day of the week, namely Saturday. The average Brit will spend over GBP500,000 over the course of their lifetime on that one day alone. Looking at situations when credit cards are used it is the usual suspects of clothes and shoes that top the list, closely followed by social activities like dining out and visiting bars.
The person responsible for credit cards at CIS felt that the findings were very representative of how we live our lives. After a hard week at work Saturday is the day to let our hair down and live a little.
The very best credit card interest rates can be found online at Moneygossip.co.uk – Take a look at the comparison tables there and find the best credit card to suit you.
