Using a cashback card can net you cashback on your purchases and can even be used in conjunction with cashback sites for even greater returns.
Cashback cards will pay you in either cash or points for spending on them. Points can be redeemed for a number of rewards and cash can go towards your debit payments for the card.
On this page we will look at some of the best cashback cards available right now.
+ Mastercard vs Amex
There are two main card types offering cashback. American Express (Amex) offers the best cashback rates but is not accepted everywhere (although more and more vendors are starting to accept it), whilst MasterCard cards tend to offer lower levels of reward but have the advantage of being accepted almost everywhere. It is recommended to have an Amex to use as your main cashback card and a MasterCard cashback card for places that do not accept Amex, this is to maximise overall cashback.
If you are a low spender or don't want to deal with multiple cards then I suggest just doing for a Mastercard cashback card.
+ American Express cashback cards that pay cash
Platinum Cashback Everyday Credit Card
This is a solid choice for most of those looking to get an Amex that pays cash. The new member offer gives you 5% cashback for the first 6 months where you can earn up to £100 cashback. Afer your 6 months you earn 0.5% cashback on any spending until you reach £5000 spend for your card anniversary, amounts spent over this will earn you 1% cashback. Just make sure that you'll spend £3000+ a year to qualify for the cashback. If you spend over £10k a year you're better off getting Platinum Cashback Credit Card.
- Representative APR 22.2% variable
- £0 annual fee
- Assumed credit limit of £1,200
For more information on this card and to apply, simply click here for a special invite and get a bonus of £10 when you spend your first £1 on the card.
Platinum Cashback Credit Card
This card is very similar to the Everyday card above but it has a higher cashback rate at the cost of a £25 yearly fee. Choose this card if you plan on spending over £10k a year on it as that is the breakeven point between this card and the fee free Everyday. The welcome bonus gives you 5% cashback for the first 6 months up to £125 cashback. After that, spend up to £10k nets 1% cashback and over 10k gets you 1.25% cashback.
- Representative APR 27.3% variable
- £25 annual fee
- Assumed credit limit of £1,200
For more information on this card and to apply, simply click here for a special invite and get a bonus of £25 when you spend your first £1 on the card.
+ American Express cashback cards that reward you with points
Preferred Rewards Gold Credit Card
Amex