Financial journalist and consumer expert Martin Lewis has issued a warning to UK consumers to switch their default Visa credit card on Amazon to take advantage of up to £20 in cashback rewards. In a recent article on his website, Money Saving Expert, Lewis highlighted the potential benefits of changing default credit cards on the e-commerce giant, which is owned by Amazon UK Services Ltd.
According to Lewis, millions of UK consumers are set to benefit from the move, which could save them a significant amount of money. The cashback rewards are offered by participating Visa credit card providers, which have partnered with Amazon to offer exclusive deals to their customers.
The news comes as the UK's cost of living crisis continues to affect millions of households, with many struggling to make ends meet. Lewis has called on consumers to take action and switch their default credit card to one that offers better rewards, such as cashback or interest-free credit.
Under the current system, UK consumers are automatically assigned a default Visa credit card when they make a purchase on Amazon. However, by switching to a participating Visa credit card, consumers can earn up to £20 in cashback rewards.
The move is expected to be particularly beneficial for frequent Amazon shoppers, who can earn cashback rewards on their purchases. Lewis has advised consumers to act quickly, as the offer is expected to be available for a limited time only.