BT has launched a credit card for customers, promising competitive rates and a reward scheme that could reduce BT phone and broadband bills each time it’s used.
The first £250 spent on the card every month will earn customers one pence for every two pounds of purchases, with no minimum spend needed. Customers will earn double that if they spend over £250.
BT said BT Credit Card account holders could potentially earn up to £75 in discounts each year.
The credit card system, which reduces bills as customers spend, was developed following consultation with customers who indicated they wanted genuine value from a reward scheme without the inconvenience of having to redeem points or vouchers.
Gavin Patterson, MD of Consumer, BT Retail, said, “Our research shows that our customers want a competitive credit card which rewards them for everyday spend and gives them automatic discounts on their BT bill for services they regularly use such as the phone and broadband.”
The credit card offers a 0 percent per year on balance transfers for twelve months and 0 percent on card transfers for three months. It then reverts to a typical rate of 16.9 percent APR (Annual Percentage Rate).
The cards, which are available in silver, pink, black and green, can be applied for at the BT site.