BT Credit Card Offers Reduced Phone Bills
UK’s British Telecom has really gone on the front foot over the last few years. After a period of uncertainty regarding it’s fixed landline business, initiative after initiative seems to be steamrolling the telecoms market. This concerted offensive is now spreading into financial services with a credit card that offers to reduce customers bills as they spend.
The key features of this credit card are as follows:
• 1p off telephone or broadband bills for every £2 spent monthly on its credit card up to £250 and 1p off for every £1 spent after that.
• Customers who fail to settle their bill in full each month will be indulging in a false economy as they will pay just under 3p in interest per month on every £2 not paid off.
• Someone spending £250 per month on the card and paying it off in full would only shave £1.25 off their bill.
• Customers will be able to get up to £75 per year off their bills with the card.
• 0% interest on balance transfers for 12 months and 0% interest for card purchases for three months. The standard rate on the card is 16.9%.
(Via This is Money)
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