Abbey has introduced a new offer for its credit card customers and states that it will create a challenge to the Big Four banks (HSBC, Royal Bank of Scotland, Barclays and Lloyds TSB). From September 3rd until the end of January, holders of the credit card will be able to claim 5% cashback on [...]
When I was in a branch the other day the assistant made an appointment for me to talk about their new credit card. Is it genuinely as good as it seems or is there a hidden catch?
Well - you're basically getting £50 back on signing up to using a credit card a lot - so the incentive is to use it to spend, to overspend, and then end up paying regular monthly interest that would easily make Abbey back their money.
Abbey launches credit card with 5% cashback
