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Product launches of the week

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RAC rewards customers with cashback offer; EDF Energy and Co-operative Energy announce pricing changes.


The RAC has introduced a prepaid debit card to reward anyone buying a new 12-month RAC UK Breakdown policy or RAC Home, Car or Motorbike insurance. The RAC Members Benefit card comes pre-loaded with £20, £50 or £100, depending on how many products the customer has purchased.

Customers can then top-up the card, which is valid for 36 months, and earn 15 per cent cash back by spending at the RAC’s partner brands. Eligible vendors include Marks & Spencer, PC World and Debenhams.

Current Accounts

Ffrees Family Finance has launched the Ffrees Diamond Account. The Diamond Account – which comes at a fee of £10 a month, though the first month is free – makes the holder eligible for an additional 40 per cent extra savings points in the Ffrees Family Finance cashback scheme.

Account holders will also receive a free Hi-Life Dining Card, which provides diners with ‘two-for-one’ at participating restaurants.

Credit and Debit Cards

American Express is offering card members £50 statement credit when they spend more than £250 on a single Hilton Hotel booking in the UK. The offer is exclusively for AmEx cardmembers who have connected their card to a TripAdvisor account. The stay must have taken place before 31 May, after which the offer becomes invalid.


LV= has launched a new charity initiative, pledging to donate £10 for every annuity taken out during 2014. Five different charities will benefit: Heart Research UK, Leukaemia CARE, Diabetes UK, Magic of Play Appeal and 40tude curing colon cancer.


The first ‘big six’ energy provider has thrown its hat into the price reduction ring: EDF has launched the Blue+ Promise August 2015 tariff, which allows customers to lock in their rate until the end of August next year.

Currently the fifth cheapest tariff available on average, EDF’s offering will cost you £1,049 a year with no exit fees.

Co-operative Energy‘s prices have gone the other way in a high-profile hike. The Pioneer Variable 5.1 tariff will be replaced by the Pioneer Variable 5.2 from 27 May, meaning new and existing customers will pay between 2.3 and 2.4 per cent more. Read more about the price increase here

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