Cut your Christmas spend with a Cashback credit card

Cut your Christmas spend with a Cashback credit card

Christmas may be the season to be jolly, but it's also the season to spend, spend, spend.

However, by choosing the right credit card you can be rewarded for your financial exuberance.

With Christmas just weeks away now, festive shopping is in full swing, but many consumers may be missing a trick when paying by cash or with a debit card.

It is actually possible to get an instant discount on every purchase you make, allowing you to cut the cost of Christmas and everything that goes with it, from toys to turkeys.

Cashback credit cards allow you to earn a percentage of whatever you spend back in cash, making them ideal for your Christmas spend.

Simply do all of your shopping as you normally would using your cashback credit card and pay your balance off in full at the end of the month to keep you within the interest free days thus avoiding interest charges.

There are currently several cash back credit cards on the market, each offering different features and benefits to suit all consumers.

With American Express you can earn 5% cashback on up to 2,000 spend within first three months.

After this bonus period the Amex credit card rate will fall to between 0.5% and 1.25% depending on how much you spend, with no spending limits.

The Amex cashback card also comes with 6 months 0% on purchases, which means you can spread out your spend over this period.

Research has found that many policies provide additional cover over Christmas.

Home insurance customers in the UK may be pleased to hear that 90 per cent of such policies provide additional cover for the Christmas period in order to protect the added value of items within houses at this time of year.

Research conducted by Defaqto found that nine out of ten providers give temporary increases on contents and buildings insurance products to allow for such special events.

As a result, any customers with policies from firms in the ten per cent that do not give extra cover may wish to compare savings and switch provider in the near future as the festive period approaches.

Mike Powell, general insurance analyst at the independent financial research organisation, commented: "This caters for the increase in the overall value of the property's contents in the form of potentially expensive presents or gifts and helps protect people from the possibility of being underinsured".

Meanwhile, NFU Mutual recently warned rural home insurance customers to be aware of fire risks in the property.

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