LONDON, January 30, 2013 /PRNewswire/ --
- British workers who commute by car cover an average of 3,326 miles a year just to get to and from work
- West Midlands has the highest proportion of 'car commuters'
- Santander 123 cashback credit card can cut the cost of motoring, offering 3% cashback on petrol station spend
Commuters are spending up to £1,000 a year on petrol or diesel just to get to and from work, according to new research from Santander 123 cashback credit card. The findings reveal that British 'car commuters' travel an average of 3,326 miles a year for this purpose, spending an average of £840 each on fuel.
Scottish 'car commuters' cover the most miles travelling to and from work, covering an average of 3,934 miles per year. This is followed by those in the East of England who travel on average 3,907 miles per year and the East Midlands who cover 3,643 miles each.
Car commuters in the East of England spend £1,008 each annually on the journey to work, more than any other region. Those in the East Midlands spend an average of £960 on fuel to get to and from work, compared to Londoners who spend an average of £948.
Number of miles travelled and money spent on fuel by car commuters
Average spend on Average number of miles diesel/petrol for travelled going to and travelling to work from work per car per car commuter Region commuter per year per year East 3,907 GBP1,008 East Midlands 3,643 GBP960 London 2,825 GBP948 North West 3,485 GBP852 North East 3,538 GBP840 Scotland 3,934 GBP840 South West 3,010 GBP828 South East 3,590 GBP816 West 3,300 GBP780 West Midlands 3,036 GBP732 Yorkshire & Humber 2,561 GBP624 GB 3,326 GBP840
However, it is the West Midlands and Wales that have the largest percentage of workers who commute by car. Seventy-one per cent of employed people in these regions travel to and from work in a motor vehicle, compared to just 32 per cent in London, where much higher numbers rely on the public transport system.
Percentage of workers commuting by car
Percentage of employed people who Region drive to work West Midlands 71% Wales 71% Yorkshire & Humber 70% East of England 69% North West 67% Scotland 64% North East 63% East Midlands 63% South East 62% South West 57% London 32%
Santander is advising workers to look at how much money they spend on their commute and investigate ways of reducing their costs.
Alan Mathewson, CEO Santander Cards, said: "Nearly two thirds of workers travel to and from their place of work in a car, but they often don't realise how many miles they clock up doing so and how much money they spend on fuel alone. Over the course of a year, car commuters could save a significant amount of money by making small changes to their routine. For example, they could consider car-pooling with colleagues or looking at products such as our 123 cashback credit card, which provides 3% cashback on money spent in petrol stations."
Santander's 123 World
The Santander 123 Cashback Credit Card and 123 Current Account are designed to reward customers and help them save money. The card pays up to 3% cashback on household spend and has paid over £19 million in cashback to customers since its launch in September 2011. In addition Santander's unique '123 Current Account' pays cashback on all utilities, council tax, Santander mortgage payments and communications direct debits set up on a customer's account, as well as paying in-credit interest on balances up to £20,000.
123 Cashback credit card pays cashback
- 1% cashback on supermarkets
- 2% cashback on department stores
- 3% cashback on petrol stations and National Rail and Transport for London
123 Current Account pays cashback on household direct debits
- 1% cashback on water and council tax
- 2% cashback on electricity and gas
- 3% on mobile, home phone, broadband, paid-for TV packages
123 Current Account also pays in-credit interest
- 1% AER on the entire balance, once the customer's balance is £1,000 or over
- 2% AER on the entire balance, once the customer's balance is £2,000 or over
- 3% AER on the entire balance, once the customer's balance is £3,000 or over (up to £20,000)
The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to Editors
(1) Research commissioned by Santander and conducted by Opinium Research 9th - 11th October 2012. Sample size 2,013 UK adults.
Santander UK plc is a full-service retail and commercial bank providing services to 25 million customers, with more than 1,300 branches and 28 regional business centres. It is a wholly owned subsidiary of Banco Santander. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance. Over 90% of the assets on Santander UK plc's balance sheet are UK based and it is subject to full supervision of the Financial Services Authority (FSA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Sovereign exposures to Europe (excluding UK) as at March 2012 are not significant at less than 1% of total assets and primarily relate to Swiss government. Total exposure to periphery countries is c. 0.3% of total assets.
Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, based in Spain, with a presence in 10 main markets. Santander is the largest bank in the euro zone and is among the fifteen in the world by market capitalization. Founded in 1857, Santander had EUR 1.383 trillion in managed funds, more than 102 million customers, 14,760 branches - more than any other international bank - and 193,000 employees at the close of 2011. It is the largest financial group in Spain and Latin America. Furthermore, it has significant positions in the United Kingdom, Portugal, Germany, Poland and the U.S. northeast. Santander Consumer Finance operates in the Group's core markets as well as in the Nordic region. In 2011, Grupo Santander registered EUR 7,021 million in recurring net profit.