Sainsbury's Credit Cards: Reward schemes increasingly scarce

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Sainsbury's Credit Cards: Reward schemes increasingly scarce

Sainsbury's Credit Cards has conducted research which shows that credit cards offering reward schemes to customers are becoming increasingly scarce.

A poll conducted by the firm found that the number of cards available in the UK offering rewards schemes has decreased by 11 per cent within the last year.

Currently, 66 per cent of credit cards on the market offer incentives and rewards, compared to 78 per cent 12 months ago, the survey shows.

The nature of these extras is also changing, according to the research, with air miles and points becoming more prevalent over options such as cash back and shopping rewards.

Spokesperson for Sainsbury's Credit Cards Craig Hunter stated: "Those with cards that offer no, or poor rewards should ensure they get the best bang for their buck and shop around."

Last week, Sainsbury's Finance launched its new Internet Saver account - which offers customers 2.9 per cent gross AER.

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