Brits missing out on £6 billion through passive plastic

American Express is urging Brits to make the most of their plastic following the release of the UK Cards Association Plastic Cards 2013 report.  American Express calculates that the 47 million debit cardholders identified in the report are missing out on over £6 billion a year by using ‘passive cards' that do not reward customers with cashback, points and exclusive offers.
 
According to the report, debit cards were used to make 7.7 billion purchases in the UK in 2012, to the value of £337 billion, equivalent to a £7,170 annual spend per person. If these consumers had used a rewards card such as the new American Express Platinum Cashback Everyday Credit Card, which has just been reintroduced by popular demand, each person would have saved £134.86 in cashback.
 
Nicholas Stefanovitz, Vice President of Consumer Card Acquisition UK at American Express, said: "With household budgets under pressure, people need to be making the cards in their wallet work harder for them. Whether you want straight cashback, to collect points that can be redeemed for flights and holidays or simply want money off your weekly shop, there's never been a better time to switch your plastic for a card that helps you save while you spend."
 
Key features and benefits of the Platinum Cashback Everyday Credit Card:

5 per cent introductory rate for the first three months (maximum £100 cashback)

Tiered cashback rates thereafter, on every full £1 spent per purchase:

0.5 per cent on eligible spend less than £3,500

1 per cent on eligible spend between £3,500 - £7,500

1.25 per cent on eligible spend above £7,500
 
No annual fee

A minimum of £3,000 spend per annum to attract cashback

Representative 19.9 per cent APR variable

No upper limit on the amount of cashback that can be earned

Cashback is paid annually in the Card anniversary month by credit to the account

Primary Cardmembers can apply for free Supplementary Credit Cards for friends or family, meaning more cashback can be accrued even more quickly.
 
For more information or to apply for an American Express Platinum Cashback Everyday Credit Card visit: americanexpress.com/platinum-cashback-everyday