1-minute guide to Reward Credit Cards


Reward Credit Cards

As you go about your weekly shopping you could earn great freebies and rewards by using the right credit card

Our favourite reward credit cards also have 0% interest rates on purchases which let you SPREAD THE COST of your shopping interest free 

Find extra rewards by choosing some of the best, most flexible cards on the market

Need to know

  • Credit card rewards vary from earning loyalty points for supermarkets through to cashback credit cards and credit cards that earn airmiles
  • It is worth getting a credit card online, provided by somewhere that you shop regularly. Most reward credit cards give more points for money spent with them. Tesco give 5 points for every £4 spent at their stores but only 1 point for every £4 spent elsewhere
  • Reward credit cards are a great way to put extra money towards treats, but in cash terms the return is better on a cashback credit card. The Santander cashback credit card gives up to of 3% back on purchases, if you converted Tesco Clubcard into a cashback percent it would be 0.25% on a non Tesco shop (1.25% on a Tesco shop)
  • HOWEVER reward credit cards online don’t have an annual fee (unlike many cashback credit cards) and will be better for you if you need a 0% interest deal
  • Have a look below at what the ‘points’ you earn are actually worth. A Tesco clubcard point has more than twice the cash value of a Nectar point although both do great deals online that will help your points go further
  • These cards are good if you do ALL your spending on them and accumulate as many rewards as possible. As long as you pay on time it’s a good way to get you and your family some free treats
  • Your points will expire so make sure you don’t miss out. Clubcard points last 2 years, Barclaycard will only keep 3 years worth of points and M&S points expire after 15 months

What the reward points are actually worth

General Earning

Cash value of points

What you can spend them on

Tesco Clubcard points

5 points for every £4 spent £0.05
  • Avios airmiles
  • Discount in sore
  • Days and meals out

Sainsbury’s Nectar points

A point for every £5 spent £0.005
  • Easyjet
  • Discount in store
  • Days and meals out

Barclaycard Freedom points

2 points for every £1 spent £0.003
  • Days out
  • Restaurants
  • High street and online stores

Natwest YourPoints

1 point for every £1 spent £0.005
  • Easyjet
  • Ebookers
  • High street and online stores
  • Days out

M&S points

1 point for every £2 spent £0.26
  • M&S only

All the points are earnt at a higher rate at certain stores and their value increases when spent on specific reward.

Reward Credit Cards

Our favourite reward credit cards still have 0% interest rates but some AMAZING EXTRA incentives that will make your money go further

Watch out! Four rules for all credit cards

  • Don’t use your credit card to withdraw cash unless you have to. Your credit card is VERY likely to have a high interest rate on any cash that you take out which you will start getting charged from the moment you withdraw it. There is also likely to be a withdrawal fee (we’ve only found a couple with no fees at all). These rates won’t be affected by another deal you might have
  • Look out for annual fees. The fees tend to be charged so you can access higher rates of cashback, airmiles or similar. If you’re not getting a superb deal that makes up for the fee then the cards are not worth applying for
  • Be careful! A lot of 0% or low interest credit cards will automatically set your direct debit amount very low each month so that at the end of the interest free period you end up with a large outstanding balance
  • If you don’t make the minimum monthly repayment then you may lose your deal

The inside track

  • Buy on cashback sites to make even more back on your purchases
  • You may need to be a member to get some organisations’ credit cards. And, as with the AA credit card, members will generally earn rewards faster
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Sarah Willingham
Sarah Willingham is a serial entrepreneur, business investor and leading consumer expert. She has received a number of accolades for her contribution to business including The Sunday Times 500 Most Influential People in Britain 2016, The Times 35 Most Successful Women Under 35, Business Weekly’s Young Entrepreneur of the Year, Courvoisier Top 500 and an entry into the Who’s Who of British Business Leaders. She holds three business degrees including an MBA from Cranfield School of Management, where she is also an advisory board member.