Credit card companies know exactly how to market to our wishes. They know we love our points and rewards and we’re falling for their offers blindly. The issue is we become complacent with the points programs.
The credit card rewards system goes a little something like this: the more money you spend, the more points you rack up. Once you hit a certain threshold, you can trade in those points for some kind of “reward”—usually appliances or flights.
But the value of these rewards is questionable to say the least. Unsurprisingly, new analysis by financial comparison website RateCity has found some of the worst returns on cards are offered by the biggest banks. In some cases providers give customers just one quarter of a point for every dollar spent.
To be rewarded a $200 SMEG kettle some of the worst value cards include:
Virgin Money Flyer Card - 0% for 8 Months Balance Transfer Click HERE