Whilst in Thomas Cook booking a holiday last year i was handed a leaflet for the Thomas Cook Credit Card.
I applied and took out this card for several reasons.
Firstly, having existing credit card balances, the offer of 0% interest for 9 months on balance transfers sounded good to me. I believe this offer still stands for new applications although there is now a 2% handling fee up to a maximum of £50 on transfers.
Another plus was the offer of travel pounds on all purchases. You get at least 1.5% cashback and up to 2.5% if you pay for holidays at Thomas Cook. I have about £90 which i am going to pay towards the balance of my wedding in Tobago.
Also when paying holidays with the thomas cook card there is not the usual charge which saves you 2%.
MBNA give high credit limits as well which can be a plus or minus depending on how you look at it.
The only downside i have is the interest rates which are 16.9% for purchases and 22.9% on cash transactions which are a bit higher than some of the competitors.
Other charges include £25 for going overlimit or making late payments.
Overall i would recommend this card to anyone who tends to pay off there balance each month.
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Sep 28th, 2005
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