BT launch Credit Card. Discounts on your bills

The BT Credit Card is issued by MBNA Europe Bank Limited, Registered Office: Stansfield House, Chester Business Park, Chester CH4 9QQ. Registered in England number 2783251. Credit is available, subject to status, to UK residents aged 18 and over. You cannot transfer balances from another MBNA account. We will monitor or record some phone calls. MBNA is authorised and regulated by the Financial Services Authority.

Almost all 'branded' credit cards are actually 'co-branded'

£200 spend for £3 discount, thats just 1.5% only,

Every little helps..I look at it as 75 free mins @ 4p/min for my 0844 calls

Never had a problem with MBNA so voting hot. Had it been GE Capital though....

I currenlty use an egg money card for the 1% cashback each year so at 1.5% would I be better off spending on this instead?

Cheers,
worto.

well reading this from the T&C's

BT Credit Card Rewards are awarded as a discount on your applicable BT telephone bill (‘the BT Credit Card Discount') at the rate of 1p for each £2 (but not part of) spent on the relevant BT Credit Card up to £250 spent on Eligible Purchases per month or part of a month, and at the rate of 1p for each £1 (but not part of) spent on Eligible Purchases over £250 in any one month.

It seems to me that it works out at less than 1%

0.5% on the first £250 in a month and 1% after that.

Am I reading that correctly? If so stick with egg.

they are being naughty in their illustration that's £200 per month for a £3 per quarter discount so actually spending £600 for £3 off.

So really this is not the best cahsback credit card around so cold for me I am afraid.

slightly off topic regarding egg money card ... Don't you need to top up the account with a certian amount of money first before using it? ... If so, looking at it in a different way isn't the 1/1.5% just the interest for keeping that money in the C/C account with them. If so, I think most people would be better off leaving that money in a bank or building society right?

No, it's a standard credit card with cashback and interest on positive balance

Cold from me - think there are better cashback cards around with upto 4% with introductory offers.

As always with BT confusing rates and never the best value option !