Rewards 'not being picked up by credit card customers'

People signing up for credit cards may not be taking advantage of the rewards being offered to them, it has been reported.

According to the Post Office, 60 per cent are not picking up the features originally packaged with their cards.

Of the deals that may be on offer, low interest rates and zero per cent on purchases and balance transfers were the most popular among those surveyed, it added.

But it found that cashback deals only yielded people an average of £37 and 49 per cent of customers did not pick up any reward at all - something they should investigate, according to managing director Alan Cook.

"We urge credit card holders to look at the long-term value offered by their credit card – particularly as almost a third (32 per cent) credit card users have held their card over five years."

People looking to ease the pressure on their finances may look to a personal loan as an alternative to a credit card.

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