Credit Card Freebies

Competition amongst credit card providers is extremely stiff these days, and with more and more credit card companies offering an increasingly wider range of credit cards to suit all sorts of circumstances, vying for the business of consumers has become a tough task for these companies.

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In the past credit card companies were few and far between, which meant that they could afford to sit back and wait for customers to approach them for credit without taking any action.

However, with credit cards now available from a wide range of issuers, including supermarkets, credit card companies have had to rethink their plans in order to ensure that they get to enjoy the benefits of a healthy customer base.

In order to try and attract more custom credit card issuers have started to offer a range of incentives to attract customers and gain, with a range of freebies on offer to those that sign up to certain credit card deals.

The good news is that customers do not necessarily have to stick with the credit card on a long term basis in order to benefit from the reward, as it is possible to spend just a small account on the new card and then receive your reward, repay the balance, and close the account if you wish. This makes it easy and affordable to get these freebies without having to get yourself into long term debt.

Amongst the freebies that are offered by credit card companies that are trying to attract custom are retail vouchers, air miles, online shopping vouchers, and more.

Once you open an account and make your initial purchase on the card you will receive your free gift as specified by the card issuer, and once you have received the gift you can repay the balance on the card and then either keep it for emergencies or close the account altogether if you want to avoid the temptation of getting into debt with your credit card.

You may find that in some cases credit cards that offer freebies stipulate that a minimum amount must be spent on the card in order to qualify for the free gift, but providing you intend to repay the balance on your card in full within the interest free period this is fine, as you will not be charged any interest on the amount that you spend yet you will still qualify to get the freebie.

You can get a number of freebies by applying for and spending on credit cards that offer free gifts but you should bear in mind that making too many applications in a short space of time – particularly if some are rejected – could end up adversely affecting your credit rating.

You should therefore be sensible with regards to your applications for credit cards that offer freebies. Once you have claimed your freebie and repaid the balance on your credit card you should look at cancelling the card with the credit card issuer before you then go and apply for another credit card that offer freebies.

You will find a variety of freebies on offer from credit card issuers, as they vye for the custom of consumers in the UK, and you should check and compare these freebies to determine which are worth applying for. Also, don’t make mass applications for freebie credit cards, as this can adversely affect your credit rating.

Instead space out your applications, and make sure that you don’t keep applying for these cards before closing previous accounts or if you have bad credit, as this can further damage your credit history.

Find the best credit cards by visiting our
credit card comparison centre