Cashback for Monsoon Purchases (Monsoon Account Card)

Member Name: Pharmtastic

Product:	Monsoon Account Card
Date:	28/05/08 (634 review reads)
Rating:

Advantages: 5% in vouchers

Disadvantages: High interst cahrges if you don't clear balanc

The Monsoon Account Card is a store card that can be used in Monsoon, Accessorize and on the monsoon.co.uk website.

Like most store cards, it can be expensive if you don't pay off the balance in full each month: the current interest rates are listed as 18.9% [full details on https://www.gecapitalbank.co.uk/monsoon/open/accou ntcard.htm]. So if you don't plan to pay off the balance, I'd recommend you use a cheaper, conventional credit card.

Where it comes into its own, though, is the reward system it uses. For every £1.00 you spend on the account, you earn one reward point. 100 points gets you a £5.00 voucher. This effectively gives you a 5% cashback when using the card. [The voucher can only be used in Monsoon or Accessorize.]

The vouchers are sent with your monthly statement, and are issued once a quarter. Any unused points are carried onto the next statement.

Obviously this is only any good if you like shopping in Monsoon or Accessorize in the first place, but if you do, you may as well get some vouchers to use off future purchases. The ticket prices in the stores are gquite high, so you pick up vouchers quite quickly.

Again though, if you don't plan to pay off in full, please, please DON'T get a card, the interest will be much higher than your vouchers.

Summary: If you shop in Monsoon anyway, get one