Where can Visa credit card holders go when Amazon stops accepting it next year? We consider some of the best alternatives for shoppers

- Advertisement -


  • Amazon will stop accepting payments made with UK-issued Visa credit cards
  • It told customers that the change would start on January 19, 2022.
  • Buyers can still use Visa Debit Card, MasterCard and Amex Credit Cards
  • We take a look at some of the best options Visa credit card holders can switch to

- Advertisement -

Amazon’s decision not to accept UK-registered Visa credit card payments from next year will undoubtedly be a source of concern among some shoppers.

According to Statista, millions of Britons rely on Amazon’s marketplace for all manner of items from groceries to last-minute Christmas gifts – last November saw 579.5 million desktop and mobile visits to Amazon’s UK website.

advertisement

However, UK customers purchasing the product will still be able to use Visa debit cards, MasterCard and Amex credit cards as well as Visa credit cards issued outside the UK.

- Advertisement -

Amazon’s move against Visa could therefore present the perfect opportunity for credit card holders with Visa to take stock of what else is in the market.

While returning to using a debit card may seem like the most obvious solution for many shoppers, credit cards offer better protection.

This is because using a credit card means you may be covered under Section 75 of the Consumer Credit Act.

It protects buyers when purchasing items between £100 and 30,000 and allows buyers to file a claim against their credit card company if a retailer or merchant disappoints them and refuses to properly perform the contract. allows for.

For example, if the item you ordered fails to be delivered or if it does not arrive in the condition described when purchased, you will be within your rights to claim a refund.

Defaqto banking expert Katie Brain said: ‘Amazon’s decision is bad news for consumers as it limits their choice of payment types. Those who only have a Visa credit card will be banned from January.

‘Also, if you want to buy something worth £100 or more, it is wise to use a credit card rather than a debit card because you are protected by section 75 if something goes wrong.

‘This is especially useful if you are shopping through Amazon Marketplace which are third party suppliers.’

Amazon’s move against Visa could therefore present the perfect opportunity for credit card holders with Visa to take stock of what else is in the market.

We’ve taken a look at MasterCard and American Express credit cards to find out what can be some good alternatives to Visa.

It’s also worth noting that Visa and Amazon may have some work to do over the next two months – but that’s not guaranteed.

Tesco Bank 0 percent purchase credit card

For any buyer looking for a 0 percent purchase credit card to enable them to purchase the item and then pay the cost slowly over the longest period without interest, then this might be for you.

It offers 0 percent interest on purchases for 23 months from the moment you open the account.

However, it’s worth noting that depending on your circumstances, Tesco may instead offer a 0 percent interest period of 18 or 14 months.

To keep the 0 percent rate, you must make your minimum payments on time, at least every month.

In addition to Tesco, M&S, MBNA, Lloyds Bank and Sainsbury’s all have MasterCards that offer 0 percent interest on purchases over 20 months, with no annual fee attached.

American Express Platinum Cashback Everyday Credit Card And Platinum Cashback Credit Card

The best port of call for daily expenses comes from American Express.

It offers some of the more attractive options for those looking to maximize their points — especially its Gold card — but its standard cashback card doesn’t come with the hefty annual fee to justify it.

You can choose between either its free Platinum Cashback Everyday Card, or the similarly named Platinum Cashback Card which comes with a £25 annual fee.

Amex's Express Platinum Cashback Daily Credit Card currently offers 5% cashback on any purchase for the first three months of card membership, up to a limit of £100.

Amex’s Express Platinum Cashback Daily Credit Card currently offers 5% cashback on any purchase for the first three months of card membership, up to a limit of £100.

Its free card currently offers 5 percent cashback on any purchase for the first three months of card membership, up to a limit of £100.

Thereafter, each year you’ll receive 0.5 percent cashback on spending up to £10,000, and 1 percent cashback on everything you spend after that.

As long as you spend a minimum of £3,000 in each given year, every full £1 you spend on purchases is eligible for cashback.

Paying card holders will have a similar experience, but with the added benefit of earning 0.75 percent cashback on spending up to £10,000 and 1.25 percent for more than that amount in a given year.

The cap on the 5 percent introductory offer for the first three months has also been increased from £100 to £125.

Like all credit cards, it’s important to follow the rules – that is, make payments every month or face huge interest.

Tesco Clubcard Plus And M&S Club Awards

For anyone with a local Tesco or M&S Pass, both of these stores are offering great credit cards in store rewards benefits, though you’ll need to be prepared to pay a monthly fee for the privilege.

M&S Club Rewards is available exclusively to M&S Credit Cardholders.  If you don't have an M&S credit card, you must successfully apply for one before you can open M&S Club Rewards.

M&S Club Rewards is available exclusively to M&S Credit Cardholders. If you don’t have an M&S credit card, you must successfully apply for one before you can open M&S Club Rewards.

The £7.99 per month Tesco Clubcard Plus offers five points per £4 spent on top of 10 percent on your groceries, twice a month.

In line with the reduction in MoneyComs numbers, Tesco Clubcard Plus customers can expect to see annual reward benefits of £129.12 for every £300 spent.

M&S Club Rewards comes with a £10 monthly fee and is available exclusively to credit card holders with the retail giant.

It offers many benefits including unlimited next day delivery for M&S Online…

,

- Advertisement -
Mail Us For  DMCA / Credit  Notice

Recent Articles

Stay on top - Get the daily news in your inbox

Related Stories