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From stores slashing prices in summer sales to Rishi Sunak’s Eat Out to Help Out scheme in August, many Britons have been able to make their money go further of late. It’s something which some American Express Cardmembers may have found themselves able to do recently too, via the lender’s Shop Small campaign.
“Now it’s more important than ever to support small businesses,” the credit card giant said.
“American Express is proud to back small businesses all across the country,” it adds on its website.
Should a person purchase using their American Express card at a participating small business, they can currently get £5 back when they spend £10 or more with Shop Small.
That said, it’s not possible to get this each time they make a purchase in the same place.
That’s because the offer is only valid once per location.
Furthermore, there is a limit as to how much an individual can get back.
Shop Small rewards can be received up to 10 times.
“This means that Cardmembers can earn up to £50 back during this year’s Shop Small,” states American Express.
The campaign is running from June 22 to September 13, 2020.
As such, there’s only a matter of days to go until this offer ends.
In addition to spending a minimum of £10 on the credit card at the participating store, card holders must have saved the offer to their card first.
For those wondering where they can access the deal, it’s possible to do some research via the American Express Shop Small map.
Online users can either enter a business name, or search by their location.
Elsewhere in credit card news, a new analysis has shown consumers could save hundreds by making changes when it comes to their finances.
According to the research by Moneyfacts.co.uk, credit card users may be able to save £292 in interest over one year by switching to a fee-free zero percent balance transfer card.
Rachel Springall, Finance Expert at Moneyfacts.co.uk, said: “Personal finances could be a sensitive subject for those who have taken a payment holiday in recent months and are debating how they can save money in the months ahead.
“If they are unable to put some spare cash aside, they might be considering other ways to make some savings and they could do just this by switching.
“Credit cards are a safe and convenient payment method, but those who are unable to clear their card each month may be charged interest and those with a sizeable debt would be better off switching it to a fee-free 0% balance transfer credit card.
“In just one year, borrowers could save almost £300 in interest, but they will need to make more than the minimum repayment on their card to do so.
“If borrowers need longer than a year to tackle their debts then they could choose one of the longer offers but they will typically be charged an upfront fee, so comparing these carefully is a must.”
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