Graff never use your credit card when she does her daily food purchase or other trade.
– I’ve put it away, right and delete. Instead I use credit cards that are linked to my SAS EuroBonus account. The points I get I use to pay vacation for me and my family with. To fly normally paid ticket I do very rarely, says Graff.
Strong increase in bonus customers
She is far from alone in the practice and use of such bonus cards is growing rapidly. SAS informs that the company has a total of 3.7 million EuroBonus members, and that they got 500,000 new customers in 2014.
– We are seeing a steady increase in the use of such cards to all sorts of purchases, including the purpose to earn EuroBonus points, says CIO Knut Morten Johansen SAS.
Bank Norwegian, airline own bank, has 200,000 credit card customers in Norway.
They state that credit portfolio has grown by about . 40,000 cards a year since its inception in 2010.
exorbitant interest if you pay late
Every time Graff charge card, premieres she bonus points. Graff has acquired SAS Diners Club and MasterCard, the use of these automatically also bonus points with SAS. Her husband travels a lot for work, and eking with additional points.
Not long ago she paid a business class ticket to his daughter to New York with points and had to pay 325 million in taxes. If you buy it for cash at SAS costs the least NOK 20,000.– All purchases are made consistent with one of these cards. I use them for grocery shopping, dining out, clothing, furniture, traveling – everything. But you must have steel control economy to collect bonus points as I do and always pay card bill in full. Also, you must maintain your purchasing patterns and not fall for the temptation to act more just to get more bonus points, said Graff.
For what sounds like an alluring deal, has a clear backing: you pay not loan back on time, it costs you dearly. In Norwegian runner an effective rate of 23 percent. SAS operates with effective interest rate of up to 28 percent.
Consumer Economics Silje Sandmæl DNB says such credit can have benefits such as insurance, but points out that customers must monitor closely and pay by the deadline.
– If you run, twin and use both credit cards and money in the account has suddenly spent money they did not have, she says.
Consumer Authorities warn
Also Consumer Council urges caution when using this type of credit card. They believe that whoever will save bonus points using a credit card can easily incur loans in the process.
– The person using the bonus deals should have good control of their personal finances. It is easy to incur increased debt, so whoever invests in this way to gain bonus points should ensure that credit card bill is paid in full each time. Yields for loans is very high, says technical director of the Consumer Council, Jorge B. Jensen.He will not generally recommend that people act foods on credit, and say that there is reason to warn against the high debt levels that Norwegian households eventually has gained.
– Besides, it is more expensive for merchants to accept credit cards in relation to a debit card with Bank Accept. Someone has to pay these additional costs which the trader is applied. It is the consumer who gets the bill, he said.
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