Could you benefit from the new Abbey credit card?

October 11, 2007

If you are looking for a credit card which gives you a good deal on cash back, then the new credit card from “Abbey” might be just what you are looking for. Offering a fantastic 5% on the first £1,000 that you spend in any major UK supermarket, the Abbey credit card is certainly tipped to become extremely popular with both existing and new Abbey customers.

Usually with cash back credit cards, you only get around 0.5-1% back on what you spend. So the fact that you get 5% with this new card from Abbey is definitely a good advantage. However, it does come with a limited time period which ends in January 2008. That is still a little while away though so if you apply now you can still end up getting quite a lot of cash back by the time the offer ends.

Existing Abbey customers will love the fact that they get to benefit from the deal too. Usually when deals are offered on credit cards, they are aimed specifically at new customers. This is because the offers are there to draw in new customers and therefore earn the banks and credit card providers more money. So the fact that Abbey are allowing existing customers to benefit as well as newer ones is likely to go down extremely well.

However the cash back is not the only benefit to be had from this new credit card. You also get an interest free period for three months on any purchases that you make, as well as twelve months free on any balance transfers that you may want to make.

So overall if you are on the lookout for another credit card or if you are an existing Abbey customer, then the Abbey credit card may be just what you need.