Product focus: Cashback cards - Credit cards - News - Moneyfacts


Product focus: Cashback cards

Product focus: Cashback cards

Category: Credit cards

Updated: 14/12/2012
First Published: 31/10/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The weeks leading up to Christmas can be an expensive time, with the cost of gifts and food adding up.

Credit cards offering a cash-back facility are popular with some borrowers, as they offer a 'reward' in return for spending.

Here is a selection of some of the current best cash-back cards in the market at present.

Capital One World MasterCard

  • This card offers 5% cash-back on all purchases for the initial 99 days.
  • After the initial period, the cash-back applies as follows: 0.5% cash-back on all subsequent purchases up to the next £5999.99, 1% on all purchases from £6,000 to £9999.99 and 1.25% on all purchases from £10,000.
  • The card has a representative APR rate of 19.9% and an interest free period of 45 days' for all purchases. Cardholders must have a minimum income of £20,000.

American Express Platinum Cashback Amex

  • American Express Platinum Cashback cardholders will receive cash-back of 1.25%.
  • The cash-back doubles to 2.5% during the first three months and the anniversary month of taking out the card.
  • The card offers 0% on purchases for the first six months.
  • Cardholders must have a minimum income of £30,000.

Santander 123 Cashback Credit Card

  • The 123 Cashback Card from Santander offers customers a variety of cash-back rates depending on where they spend.

  • Cash-back of 1% is offered for spending at supermarkets including Tesco, Asda and Waitrose.

  • 2% cash-back applies to customers shopping at various department stores, while those filling up their cars at major petrol stations across the UK will receive 3% cash-back.

  • This card has a representative APR of 22.8% and offers 0% on purchases for the first six months cardholders must have a minimum income of £7,500.

Compare cashback credit cards

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 Any products featured may be withdrawn by their provider or changed at any time.

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