These days, there are dozens of credit cards offering a wide range of perks and benefits. It’s rarely been easier to benefit from a dazzling away of rewards and our guide looks at the top 10 credit card bonuses.
1. Air Miles
Certain credit cards offer Air Miles based on the amount that you spend on your credit card. Air Miles can be exchanged for flights, holidays and a range of other travel benefits. The Lloyds TSB Airmiles Duo is one of the most popular Air Miles cards.
Lots of credit cards offer discounts and other credit card perks at companies affiliated to a certain card. For example, the Virgin Money card offers discounts on Virgin holidays, media and other products while the AA Card is linked to a dedicated rewards scheme.
Some credit cards allow you to earn hundreds of pounds a year simply by using them for your regular weekly shopping. Cashback credit cards pay a percentage of the amount that you spend on your credit card in the form of cash back.
There are several good quality cashback cards in the UK including cards from Santander, Barclaycard and Capital One.
4. Retailer points/cash
Lots of credit cards are now affiliated to specific retailers, allowing you to generate points, discounts and other credit card perks simply for using the car.
For example, the Tesco credit card offers one Clubcard point for every £4 that you spend while Play.com offer one point for every pound spent on their card.
5. Fraud/Identity Protection
Some credit cards offer free fraud protection. This means that you benefit from additional identity protection.
For example, most Capital One credit cards come with this cover. Their protection involves two free credit checks each year and an ID fraud helpline to call if needed.
6. Extended warranties
When you buy an electrical item you’ll generally benefit from a year’s warranty. This means that you’ll be able to get the item repaired or replaced if it breaks down within a year.
Some credit cards offer an extended warranty on electrical goods you buy using the card. For example, the Ulster Gold MasterCard offers a year’s extended warranty on appliances costing between £75 and £2,000.
7. Free flights
Some credit cards are affiliated with airlines and so you can earn free flights by using your card. British Airways and BMI offer two of the most popular airline cards in the UK.
8. Purchase protection
Many credit cards offer ‘purchase protection’, meaning that if goods you buy using the card are lost or stolen (usually within around 90 days) you can claim the money back from your credit card company. For example, the Capital One Classic Visa offers purchase protection for up to 100 days with maximum cover of £1,000 per item (there is a £25 excess).
9. Travel and hotels
Some cards offer travel benefits. For example, the Hilton Hhonors card, offer Hhonors points for every pound that you spend. You can then redeem these points for a variety of travel-themed rewards, such as car rental, theme park tickets and hotel stays.
10. Airport Lounge Passes
Some credit cards such as the American Express Platinum card offer priority passes to special airport lounges where you can enjoy food, drinks and wi-fi internet access.