Credit cards Updated:
Cashback credit cards can be a fantastic way to reap tax-free rewards on your spending, which at certain times of the year, such as the fast approaching Easter bank holiday, can be particularly handy!
The golden rule with cashback cards is to always ensure the balance has been repaid in full each month and avoid just paying the minimum amount, as high interest rates will cancel out any form of rewards or benefits.
Introductory cashback benefits are also often subject to good cardholder conduct, so may be taken away by the provider if any monthly payments are missed.
Penny says… "American Express leads the cashback market with this card offering 5% cashback for purchases during the first three months.
"Although the 5% only lasts for a three month period, cardholders will still receive a very competitive 1.25% on all other purchases thereafter."
Sainsbury's Bank Sainsbury's Bank Cashback Credit Card MasterCard
Penny says… "Sitting in second place is this competitive card offering 5% cashback for the first three months.
"This deal should appeal to regular Sainsbury's shoppers. As well as an attractive range of cashback offers, this deal also has 0% on all purchases for the first six months."
Capital One Aspire World MasterCard
Penny says… "Matching Sainsbury's Bank and American Express is this appealing card from Capital One.
"This card also offers customers an identity theft assistance service, offering additional peace of mind."
SAV Credit Aqua Reward MasterCard
Penny says… "Just outside the top three is this card from SAV Credit.
"As well as receiving 3% cashback, customers will also be attracted to a maximum 51 days' 0% interest on purchases, subject to the full balance on the current and previous statement being paid on time."
Santander 123 Credit Card MasterCard
Penny says… "A variety of competitive cashback amounts are paid on the 123 card from Santander, depending on where the purchases take place."
"Spending on train fares and fuel reaps the highest level of cashback, so this card should appeal to customers who are regular travellers. Information & Rates correct as at: 13/03/2013
Compare the best cashback credit cards Search all Cashback credit card guides
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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