Easy Finance

The 0% credit card offers Loyalty Points. A new 0% credit card from Amazon.co.uk, the internet vendor of books, CDs and electrical products, has been launched.

Users of the Amazon.co.uk MasterCard, issued by MBNA, can accumulate Loyalty Points by making purchases.

Each loyalty point equates to £1 spent on Amazon.co.uk or £2 spent elsewhere and a £10 gift certificate is generated for every 1,000 points gained by a customer.

Users are also offered a 12-month 0% period for balance transfers and nine months of interest-free Amazon.co.uk purchases.

However, the card will carry a typical variable APR of 16.9% when the initial 0% periods are over and certificates generated via the card can also only be redeemed on Amazon.co.uk.

More generally, only customers who are scrupulous about making repayments are advised to take out cashback credit cards and other reward credit cards.

“Those who don’t use the card wisely and don’t pay off their balance within the interest-free period could end up cancelling out any benefits,” the Daily Mirror commented in a report on the card’s launch.

Brian McBride, managing director of Amazon.co.uk Ltd, said: “With the Loyalty Points scheme, customers can enjoy significant rewards, allowing even greater value to be gained from shopping at Amazon.co.uk.”

Other credit cards currently on the market which offer loyalty point-based rewards include the MBNA Business Card with bmi miles and the American Express Nectar, run in collaboration with firms including Sainsbury’s and BP.

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