Abacus Daily Debt News

Branded Credit Cards? You must be crazy.

There is a growing trend in branded credit cards. American express do a BMW branded card and many football clubs have their own branded card.

If you use a branded card because you think it is cool or it enhances your status to be associated with a luxury brand then you are a mug. The only reason to use a particular credit card is the service that comes with it, ie interest rate, balance transfer discount etc. Buy yourself a branded wallet instead.