Martin Lewis and his Money Saving Expert team have issued a £165 warning to Amazon and Sainsbury’s shoppers. The BBC and ITV star’s team at MSE have explained how to get free vouchers worth £165 at Amazon, M&S, Sainsbury’s and more.
The cashback is available to those who sign up for an American Express Gold credit card before January 14. MSE says this is enough to be exchanged for £165 worth of vouchers at Amazon, Sainsbury’s, M&S and more.
MSE said: “While this is about a credit card, it ISN’T ABOUT DEBT, it’s about using it to earn yourself free money and rewards. Credit cards want you to spend on them, so much so that some pay you to do it. Yet there’s a way to neuter their ability to charge interest.
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“Set up a Direct Debit to repay the card IN FULL each month and then you can reap the profit and not pay a penny in interest (just don’t withdraw cash on it, bust your credit limit or see it as an excuse to overspend). Right now one of the best payers is about to end – it’s perfect for those who are debt-free and have a reasonable income.”
The team said: “Credit cards want you to spend on them, so much so that some pay you to do it. Yet there’s a way to neuter their ability to charge interest. Set up a Direct Debit to repay the card IN FULL each month and then you can reap the profit and not pay a penny in interest (just don’t withdraw cash on it, bust your credit limit or see it as an excuse to overspend).”
It ends next week on January 14, MSE have gone on to explain in the weekly newsletter from the consumer champion group.