Summary
Have loyalty credit cards had their day? Here we examine some of the rewards available and come to a disappointing conclusion. It's time to think again.

 

Loyalty cards - think again!

Are credit card loyalty schemes worth the plastic they're printed on? According to a recent study by moneysavingexpert .com the answer is a resounding "NO". The study investigated 80 reward schemes and was especially unimpressed by Tesco's Clubcard, Nectar and Airmiles. With the average value of each Tesco Clubcard point being worth from 1 to 4 pence, a Nectar point being worth 0.54 pence and an Airmile being valued at 7.9 pence, their reaction is hardly surprising.

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