How Reward Schemes Can Save YOU Money

According to statistics, gathered by the Plastic Card Services, shoppers save £4 billion every year by using their loyalty schemes and cashback cards. That works out as savings of £100 a year by using loyalty schemes in store. 1 in 10 customers admit that they use their loyalty cards every day. It seems like every retailer now has their own brand of loyalty card and consumers are finally jumping on the bandwagon, in a bid to make big savings.

Hoarding your points can mean days out with the family to places like Alton Towers or Legoland. You can even download apps which show you how many points you’ve earned and which special offers are up for grabs.

Instead of taking a great blow to their budgets, families are using points to buoy themselves up in difficult financial times. Regular shoppers are missing out on large savings, if they don’t sign up to a loyalty scheme.

Claiming Rewards

If you’re a Tesco Clubcard holder and you’re already planning your Christmas presents this year, save yourself a lot of money by exchanging £10 of Tesco points for £30 to spend in Goldsmith’s jewellery shop. By choosing to accept rewards, rather than using the coupons to spend in store, you can get much more for your money.

Nectar card holders can get £5 off any amazon purchases, if they save up 1,000 points. Alternatively, they could start booking their next holiday and save 25% on a trip to Venice Simplon-Orient-Express. These are just some of the many ways you can use your loyalty cards to save some serious cash.

Reward Schemes

Regular Coupons Off

Many retailers will send their loyalty card holders coupons off some of their regularly purchased items. These books operate based on the information companies keep when you use your cards. By keeping a record of what you’re likely to purchase, businesses will offer you dosh off these products, as a reward for your continued support.

Saving Mentality

Companies will be trying to use their loyalty schemes to get you to spend more. If you look at, you’ll see that businesses are out to profit from their loyalty schemes too, but you don’t have to fall into this trap. In fact, loyalty cards can promote spend-thrifty ideals and teach you to be more diligent with your money.

By making use of all the savings open to you, you’re getting into the bargain-hunting mindset, which will save you cash in unnecessarily expensive purchases.

Knowing Your Points

A rewards card could offer you twelve points for every pound you spend, but what do these points equate to? Twelve lots of nothing is nothing. One Sainsbury’s Nectar point is 0.5p, whereas a Tesco Clubcard point is worth up to 4p. It’s not hard to do the maths here.

By knowing your points, you can choose the best loyalty scheme for you and save yourself a lot of money.

This guest post has been created by Sally Williams who loves to help people achieve in saving money for themselves.

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