Maximizing Loyalty Cards: Are They Really Worth It?

Loyalty cards have become a ubiquitous part of our shopping habits, but do they really offer value? In this week’s Money Mentor episode, David Braithwaite explores the world of loyalty programs and whether they truly reward loyal shoppers. While some loyalty schemes offer genuine savings, David explains that the rewards often come with a catch. The psychology behind loyalty cards can sometimes encourage you to spend more than you need just to collect points, which can lead to overspending.

Listen here

David offers practical tips on how to maximize the benefits of loyalty cards. If you’re already a regular shopper, loyalty cards can help you save money, but it’s important to use them wisely. For example, consider using cashback cards to make purchases and earn rewards, or look out for dual pricing that offers lower prices for cardholders. Plus, David suggests supporting local businesses with town-specific loyalty cards that can benefit your community while saving you money.

You can here more from BBC Radio Kent on the BBC Sounds

Money Mentor Tips for Parents with Children Going to University

Sending a child off to university is a huge milestone, and often involves an equally huge shopping trip! But beyond the saucepans, bedding and...

The Inheritance Tax Trap: Why You Need to Act Now

Inheritance Tax (IHT) has long been one of the most contentious areas of financial planning. With frozen thresholds and rising property values, more...

Getting to Know: David Braithwaite

If you live in Kent, you’ve probably heard David Braithwaite’s voice before. As the Money Mentor on BBC Radio Kent, he’s known for making financial...

Stay in the loop

SUBSCRIBE TO OUR MONTHLY NEWSLETTER