Cashback credit cards reward you for spending. Depending on the card you use and the type of purchase, cashback credit cards can earn you anywhere between 1 to 6 percent in rewards. This can be in the form of an actual cash deposit or rebates of some sort.
However, not all cashback credit cards are created equal with some offering cashback rates on all purchases, whereas others offer higher cashback rates for certain purchased items.
In the article, you will find our top picks of the best cashback credit cards.
Top Cashback Credit Cards
American Express Cashback Everyday
The American Express Platinum Cashback Everyday Credit Card provides you with a maximum of 5 percent cashback on all your card purchases. This is valid for new members spending up to £100 per transaction for the first three months. Once the new card member period expires you get to earn a 0.5 percent cashback if you spend up to £5,000 and get a 1 percent cashback when you spend over £5,001.
Moreover, you are eligible to apply for this card even if you already possess an American Express credit card. But you need to spend at least £3,000 a year on the card to qualify for a cashback.
Additional details include:
- Interest-free repayment period of up to 56 days
- 22.2% representative APR (variable)
- Assumed credit ceiling of £1,200
American Express Cashback
The American Express Platinum Cashback credit card offers a 5 percent cashback on your purchases of up to £125. This is applicable to new card members for a 3 month period.
After the 3 months have elapsed, you can earn a 1 percent cashback when you spend up to £10,000 and 1.25 percent cashback when you spend over £10,001.
Additional details include:
- 27.3 percent representative APR (variable)
- Assumed credit limit of £1,200
- Interest-free repayment period of up to 56 days
Barclaycard Rewards Card
The Barclaycard Rewards Card offers a 0.25 percent cashback on all your daily purchases. The card offers zero fees on purchases abroad, but as long as you pay in local currency, there are no charges for non-sterling purchases. In the case that there is a problem, you will be covered for a refund under the £100 purchase protection feature.
To qualify for this cashback credit card you can check your eligibility using the free eligibility checker on the site. This will no way affect your credit rating.
Additional details include:
- 22.9 percent representative APR (variable)
- £1,200 credit limit
- Interest-free repayment period of up to 56 days
- Annual fee of £25
Sainsbury’s Bank
The Sainsbury’s Bank No Balance Transfer Fee Credit Card offers up to 7,500 bonus Nectar points. You will be able to collect 750 bonus points each time you spend over £35 or more, on Sainsbury’s shopping with your credit card, a maximum ten times in your first two months.
The card is only available to Nectar members, a loyalty scheme, ran by Nectar 360 Ltd. The card offers 0 percent interest on purchases for your first 3 months. Furthermore, you will not be charged any interest on balance transfers for up to 18 months.
Additional details include:
- 20.9 percent representative APR (variable)
- £1,200 credit limit
- Interest-free on balance transfers up to 18 months
- No annual fee
Virgin Money
The Virgin Atlantic Reward Credit Card offers 0.75 Virgin points on £1 spent on everyday purchases. Even so, for every £1 spent directly with Virgin Atlantic or Virgin holidays.
The points you earn each month are capped according to your credit limit. For instance, if your credit limit is £5,000, you will earn points on the first £5,000 of card purchases in a month.
Additional details include:
- 22.9 percent representative APR (variable)
- £1,200 credit limit
- 0 percent interest on balance transfers for 6 months
- 3 percent money transfer fee
