Connect with us

Business

American Express offers £5 cashback if you spend £10 in local shops

Published

on

american express offers 5 cashback if you spend 10 in local shops

American Express is giving customers £5 cashback for spending £10 or more in small shops in one of the most generous credit card rewards ever. 

To tempt shoppers back to high streets, the credit card giant has launched a reward deal for customers who spend money in local stores and restaurants.

Under the scheme, you can qualify for the £5 cashback up to ten times – meaning up to £50 is available to each customer.

American Express has signed up thousands of small businesses across the country

American Express has signed up thousands of small businesses across the country

American Express has signed up thousands of small businesses across the country

You can use the offer only once at each retailer. The cashback is being funded by American Express, not the store. It can also be used in conjunction with the Government’s Eat Out To Help Out 50 per cent discounts scheme for restaurants and pubs, which launches tomorrow.

American Express has signed up thousands of small businesses across the country for the deal, including family-run butchers, clothes shops, hair salons, dry cleaners, pubs, fancy restaurants or local fish and chip shops.

It says it wants to help small firms that are struggling to survive the pandemic. The special offer is only available to those that use an American Express payment card. Corporate cards do not qualify.

To take advantage, you must first download the American Express ‘Amex’ app on to a smartphone and press on the ‘offers’ button. Then scroll down to a ‘shop small’ link that pledges to credit your account with £5 every time you spend £10 or more at a selected local retailer.

Finally, you press on a ‘save to card’ blue bar on the bottom of the website page to activate the deal when you shop. The promotion is open for the following six weeks, closing on September 13.

Any participating shop can be found easily by using the ‘view participating locations’ link on the Amex app page when you are looking at the deal. The link will also be sent to you by email when you sign up.

podcast

Clicking the link will take you to an online map where you find shops in a given area. You can also search by the business name. 

When you use your card for payment at one of these selected stores, the credit should automatically show up on your next card statement.

For example, spend £20 on sirloin steaks at a participating local butcher using your Amex card and American Express will only demand you pay off £15 from your account.

This should be shown clearly when the statement lands on your doormat. You should allow at least four days from the moment of payment for the bonus to be credited. The special offer is only available to those that make a purchase inside a participating store, not online.

An American Express spokeswoman says: ‘During these challenging times we need to support our local small businesses more than ever before. Although many are suffering hardships, lockdown has provided an opportunity to think about how we spend our money and to show how much we appreciate the support of local independent shops and the personal service they offer.’

For example, spend £20 on steaks at a participating local butcher using your Amex card and American Express will only demand you pay off £15 from your account

For example, spend £20 on steaks at a participating local butcher using your Amex card and American Express will only demand you pay off £15 from your account

For example, spend £20 on steaks at a participating local butcher using your Amex card and American Express will only demand you pay off £15 from your account

American Express makes money by typically charging retailers between 2 and 3 per cent of each transaction where its cards are used. It previously relied heavily on international travellers, with Avios points being offered for spending with the cards. 

The ‘shop small’ offer is not the only way it is hoping to attract more customers. It also has other shop discounts and ‘cashback’ offers for those who use an American Express payment card. 

It would be fantastic to see all card providers and banks doing everything within their powers to incentivise shoppers to visit small firms whenever possible, wherever they are. 
Mike Cherry, Federation of Small Businesses 

If you use an American Express card or take one out, make sure you pay the bill in full every month. Otherwise you could find the offers end up costing more than the savings made.

For example, those who hold a British Airways American Express Premium Plus Card can find they are stung with an eye-wateringly high 74.7 per cent APR on outstanding balances if they fail to pay off the full amount each month. 

This is one of the highest interest rates on any credit card on the market.

According to the trade body Federation of Small Businesses, one in five firms has been forced to lay off staff due to a fall in demand for goods and services on the high street – and local small shops are among the worst affected by plunging profits.

Mike Cherry, chairman of the Federation of Small Businesses, says: ‘After months of little or no revenue coming in but still bills and rent to pay, our small high street businesses need all the help they can get. 

‘It would be fantastic to see all card providers and banks doing everything within their powers to incentivise shoppers to visit small firms whenever possible, wherever they are.’

THIS IS MONEY’S FIVE OF THE BEST CREDIT CARDS

The American Express Preferred Rewards Gold Card offers 10,000 Amex points if you spend £3,000 within the first six months. These points can be converted into Avios air miles. It comes with a £140 fee after the first 12 months and a 56.6% APR.

logo

MBNA’s Low Fee 0% Balance Transfer card offers 24 months interest-free on balance transfers, one of the longest deals around, with a fee of just 1%. It has an APR of 20.9%.

logo

The American Express Platinum Cashback card offers up to 5% cashback up to £125 for the first three months, and up to 1% back on spends up to £10,000 after that. The card carries a £25 annual fee with interest of 22.2% on purchases.

logo

The Halifax Clarity Credit Card is an old favourite for holidaymakers with no overseas fees This includes both spending and cash withdrawals abroad. It charges interest of 19.9% APR.

logo

M&S Bank’s Reward Credit Card comes with double reward points on your spending – that’s two M&S points per £1 spent in stores – for a year, plus £20 in M&S points to sign up. You also get six months 0% interest on purchases and balance transfers. It has an APR of 19.9%.

logo

Powered by: Daily Mail

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

BUSINESS CLOSE: Britain facing record economic slump BoE warns

Published

on

By

business close britain facing record economic slump boe warns

London markets tumbled today, with the FTSE 100 closing 1.3 per cent lower at 6,026 and the FTSE 250 falling 0.9 per cent to 17,479.

The Bank of England has warned that Britain is facing a record economic slump as a result of Covid-19, but has eased up on its gloomy predictions for this year.

Andrew Bailey and the rest of the Bank’s monetary policy committee think the UK’s economy now looks set to shrink by 9.5 per cent this year. 

While this is an improvement on the 14 per cent drop predicted in May, it would still signal the worst economic performance for 99 years. 

The MPC said its central projection forecasts that GDP will continue to recover in the near-term, but is not expected to exceed its levels from the end of last year until at least the end of 2021.   

As expected, interest rates have been kept on hold at 0.1 per cent, spelling more bad news for hard-pressed savers. 

31626814 0 image a 1 1596696854710

Powered by: Daily Mail

Continue Reading

Business

JLR develops software so autonomous cars won’t make you travel sick

Published

on

By

jlr develops software so autonomous cars wont make you travel sick

British car maker Jaguar Land Rover has developed new software to train autonomous cars to drive better to prevent passengers from suffering from motion sickness during journeys.

The nation’s biggest vehicle producer has created a rating system for driverless technology – called a ‘wellness score’ – that designers claim can reduce the impact of travel sickness by up to 60 per cent.

If successful, it means the brand’s autonomous technology won’t steer, accelerate or brake erratically – resulting in the inside of vehicles remaining vomit-free. 

Driverless cars won't make you travel sick: Jaguar Land Rover says it has developed software that coaches autonomous vehicles to drive more smoothly

Driverless cars won’t make you travel sick: Jaguar Land Rover says it has developed software that coaches autonomous vehicles to drive more smoothly

JLR bosses said the development of the software will allow the brand to continue to provide customers with ‘the most refined and comfortable ride possible’.

The tech has been created at the British firm’s specialist software engineering hub in Shannon, Ireland.

It has been developed by collating 20,000 real-world and virtually-simulated test miles to calculate a set of parameters for driving dynamics to be rated against. 

With the use of advanced machine learning, driverless car software can use this data to optimise how vehicles move in a way that doesn’t unsettle passengers.

Motion sickness, which affects more than 70 per cent of people, according to research, is often caused when the eyes observe information different from that sensed by the inner ear, skin or body. 

This is why it is commonly triggered by reading on journeys in a vehicle. 

Using the new system, acceleration, braking and lane positioning – all contributory factors to motion sickness – can be optimised to avoid inducing nausea in passengers.

A rating system, which JLR calls a 'wellness score', coaches autonomous technology about good and bad driving behaviour for motion sickness. In this case, the software will tell the driverless vehicle that the green curve is better for passengers than the red one

A rating system, which JLR calls a ‘wellness score’, coaches autonomous technology about good and bad driving behaviour for motion sickness. In this case, the software will tell the driverless vehicle that the green curve is better for passengers than the red one

The rating system looks at everything from braking to cornering and - in this case - acceleration. The smoother the driving characteristic, the better the score

The rating system looks at everything from braking to cornering and – in this case – acceleration. The smoother the driving characteristic, the better the score

With the use of advanced machine learning, autonomous cars will be able to drive as smoothly as a human

With the use of advanced machine learning, autonomous cars will be able to drive as smoothly as a human

The software can already be used in current JLR models to coach adaptive cruise control and lane monitoring systems

The software can already be used in current JLR models to coach adaptive cruise control and lane monitoring systems

And the software developed by JLR is going to be fed into its range of cars well ahead of fully autonomous vehicles hitting our roads. 

Engineers can use the software to develop more refined advanced driver-assistance systems (ADAS) features on future Jaguar and Land Rover models, such as adaptive cruise control and lane monitoring systems.

In the long term, the British car maker says the technology will partly help it to achieve its Destination Zero target for the future – the aim to have zero emissions, zero accidents and zero congestion.

Jaguar Land Rover has been at the forefront of the UK's drive to go autonomous, testing driverless features on the road since 2018

Jaguar Land Rover has been at the forefront of the UK’s drive to go autonomous, testing driverless features on the road since 2018

The new software will be able to adjust the driving settings to the vehicle, meaning a luxury SUV can be smooth while a performance saloon will be marginally more aggressive on acceleration and cornering

The new software will be able to adjust the driving settings to the vehicle, meaning a luxury SUV can be smooth while a performance saloon will be marginally more aggressive on acceleration and cornering

JLR says the technology will partly help it to achieve its Destination Zero target for the future - the aim to have zero emissions, zero accidents and zero congestion

JLR says the technology will partly help it to achieve its Destination Zero target for the future – the aim to have zero emissions, zero accidents and zero congestion

Dr Steve Iley, JLR’s chief medical officer, said: ‘Mobility is rapidly changing, and we will need to harness the power of self-driving vehicles to achieve our goal of zero accidents and zero congestion. 

‘Solving the problem of motion sickness in driverless cars is the key to unlocking the huge potential of this technology for passengers, who will be able to use the travelling time for reading, working or relaxing.’  

The software can be tweaked to match the individual characteristics of different models in the vehicle maker’s range.

For instance, a powerful Jaguar saloon can be adjusted to feel sportier, while Land Rover models can be fine tuned to feel smooth and refined.  

The technology not only adjust how an autonomous vehicle drives but how it can adjust the cabin settings to also reduce the impact of travel sickness – including adjusting the temperature settings and – if the model has it – massage function. 

SAVE MONEY ON MOTORING

Powered by: Daily Mail

Continue Reading

Business

Birmingham and London top list of 10 cities that residents want to leave post-lockdown

Published

on

By

birmingham and london top list of 10 cities that residents want to leave post lockdown

The coronavirus lockdown that restricted people to their homes for long periods of time has led to a feeling of being ‘locked-in’ – particularly among those living in the UK’s big cities.

And as lockdown relaxes, it is the residents of the countries biggest cities that are looking for new homes in places with more green space and tranquility, like England’s South West and rural Wales. Or even just somewhere where they can afford a decent-sized garden.

Research from Barclays Mortgages suggests that nearly a third of those currently living in Birmingham and London – at 32 per cent and 30 per cent respectively – feel the biggest urge to move. 

Almost a third of those currently living in Birmingham and London want to move, according to a new report by Barclays Mortgages

Almost a third of those currently living in Birmingham and London want to move, according to a new report by Barclays Mortgages

Next on the list after the UK’s biggest two cities, is not the third largest however: Manchester is down the list at 20 per cent with Leeds taking third place at 28 per cent.

As for the reasons behind fleeing urban environments, the prime motivation is to obtain a property with outdoor space: 39 per cent said they would like to move to a home with a large garden. As any urban homebuyer will know, such properties come at a big premium in cities.

Other reasons to move after lockdown include living closer to essential services at 29 per cent, living in an area where they can exercise easily at 24 per cent, being near to relatives at 23 per cent and living somewhere with a stronger local community feel at 23 per cent.

The research claimed that the South West and Wales tick most of the ‘must-have’ boxes for those currently living in Birmingham, Nottingham, London and Manchester.

The desire to move reflects a craving to escape urban living and embrace a quieter life.

AREAS THAT CITY DWELLERS WANT TO MOVE TO
Top ten cities homeowners wish to leave post lockdown Top location(s) residents wish to move to
Birmingham (32 per cent) South-West (24 per cent) or Wales (22 per cent)
London (30 per cent) South-West (20 per cent)
Leeds (28 per cent) Scotland and South-East (19 per cent each)
Norwich (27 per cent) Wales (20 per cent)
Nottingham (25 per cent) South-west (26 per cent)
Sheffield (21 per cent) East Midlands and North East (14 per cent each)
Liverpool (21 per cent) Scotland (25 per cent)
Manchester (20 per cent) North East, South West, Wales and Yorkshire and Humber (15 per cent each)
Glasgow (20 per cent) South East (18 per cent)
Newcastle (19 per cent) Scotland (47 per cent) and Yorkshire and the Humber (33 per cent)
Source: Barclays Mortgages   

A total of 26 per cent stated a preference to be close to the seaside, while 23 per cent said they wished to live in a more rural location.

It is echoed by those living in and around the M25, with two in five homeowners in the area admitting they’d like to move further away for a better quality of life.

While the top five cities are most likely to see residents eyeing up a move, it is not restricted to these areas as 32 per cent of people across the country say they would like to move to the countryside after lockdown.

Popular locations include coastal communities in counties such as  Devon (Pictured: Salcombe)

Popular locations include coastal communities in counties such as  Devon (Pictured: Salcombe)

Only 17 per cent of those surveyed said a move to a city was in their future plans. And the younger generation is leading those bucking the countryside trend, with 34 per cent of those aged under 25 dreaming of a move to a big city. 

Dr Peter Brooks, a behavioural scientist at Barclays said: ‘Spending the last few months in lockdown has been a massive life event felt by the whole nation.

‘All this time at home has given many of us the opportunity to reflect on where we live and why we’ve chosen those areas, as well as time to consider what’s important to us and the things our current living situations lack.

‘This research indicates an aspiration for a big move and complete lifestyle change. More outside space and the benefits of being closer to friends and family are high on the ‘must have’ list for many movers. 

Almost a third of those currently living in Birmingham (pictured) feel the urge to move

Almost a third of those currently living in Birmingham (pictured) feel the urge to move

‘As working from home becomes more commonplace moving cross-country looks to be move achievable for many as there is less of a need to be within a short commute to the office. If the findings of this research are reflected in the housing market, we could well see a trend for people to leave urban areas in favour of more rural locations.’

It comes as a separate report claims that the number of people living in cities who are contacting estate agents about buying a village home rose by 126 per cent during lockdown in June and July.

This is compared to the same period last year and outperforms a 68 per cent uplift in people making enquiries to move to towns, according to property website Rightmove. 

Rightmove’s property expert Miles Shipside said: ‘The most popular village moves are still within the same region the home-hunters are currently in, as it’s likely they’ll keep their current job but may have the flexibility to commute less often and set up their working space at home.’ 

Powered by: Daily Mail

Continue Reading

Trending

Copyright © 2020 DiazHub.