moneysupermarket.com comments on Abbey's credit card

Commenting on Abbey launching its own credit card with a market-leading supermarket offer, Robert Kenley, head of credit cards at moneysupermarket.com, said:

"Abbey's £50 gift to its new and most existing credit card holders* should attract a flurry of applications".

"Almost all of us will be spending £1000 at supermarkets up to the end of January, so the £50 reward for doing so will come in very handy".

""With Capital One offering four per cent cashback on all purchases for the slightly shorter period of three months, savvy spenders might use Abbey's card for supermarket spending and Capital One for everything else prior to Christmas.

"Abbey says this is the first of many credit card offers, so I look forward to seeing what it comes up with for the start of February." - Ends - * To be eligible for cashback, those with an Abbey card from December 2005 or before will need to apply for the new Abbey card.

Asda, Co-op, Kwik Save, Lidl, Morrisons, Netto, Sainsbury's, Somerfield, Tesco and Waitrose.

According to Abbey the average household spend in large supermarkets is £190.23 per month, so the £1,000 limit covers over five months worth of shopping.

Average weekly spend in large supermarkets is £43.90 per week or £190.23 per month.

Source: National Statistics, Family Spending 2006 Edition, 1 May 2007 (tables A2-A5 Family Spending).

Five months worth of shopping for the average household comes to £951.15.

For further information, please contact Charlotte Edgar / Sarah Campbell Lansons Communications 020 7294 3622 / 020 7566 9703 charlottee@lansons.com / sarahc@lansons.com Rob KenleyHead of credit cardsrobert.kenley@moneysupermarket.com07795 576062 Tim NewhousePR manager07872 379 545 tim.newhouse@moneysupermarket.com About www.moneysupermarket.com www.moneysupermarket.com is an online comparison service designed to save consumers time and money.

The website has 28 channels including gas, electricity, mobile phones, broadband, credit cards, mortgages, current accounts, motor insurance and home insurance.

Consumers using the www.moneysupermarket.com site have access to an email-alert service and to more than: 8,000 mortgages 4,000 savings accounts 300 credit cards 400 personal loans 300 current accounts 100 share dealing accounts 40 energy tariffs 33,000 mobile phone deals 80 broadband deals 80 life insurance products 550 private medical insurance policies 1,200 travel insurance policies 100 motor breakdown policies 400 pet insurance policies.

moneysupermarket.com Financial Group has more than 600 employees.

28 August 2007.

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