Cashback Credit Cards - Best Credit Card Deals | moneyfacts.co.uk

Moneyfacts.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfacts.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.

credit card icon

Cashback Credit Cards

What are Cashback Credit Cards?

Cashback Credit Cards can be the perfect way to earn cashback on everything you buy, and if managed effectively, can come with a whole host of additional benefits. These cards are ideal for regular card users, such as those who prefer using plastic for their everyday spending, and use their income to repay the balance in full each month.

Advertisement

Cashback Credit Cards

Cashback Credit Cards

We are searching our databases for your products...

  • Santander All in One Credit Card Mastercard
    Intro Rate for Purchases
    0.0% for 20 months
    APR
    23.7%
    Additional Information
    0.5% cashback on purchases
    Monthly fee of £3
    No balance transfer fee during introductory period
    Representative Example: Based on a credit limit of £1200.00 charged at 17.9% variable per annum for purchases. Fee of £3 per month applies. Representative 23.7% APR variable.
  • Santander World Elite Mastercard
    Intro Rate for Purchases
    0.0% for 18 months
    APR
    49.8%
    Additional Information
    24 hour customer service
    Monthly fee of £15
    Standard 0.50% on spend over £1 per year
    Representative Example: Based on a credit limit of £1200.00 charged at 18.9% variable per annum for purchases. Fee of £15 per month applies. Representative 49.8% APR variable.
  • AIB Visa Option 1
    Intro Rate for Purchases
    No introductory rate for purchases
    APR
    18.9%
    Additional Information
    Low cash withdrawal charges
    No zero% introductory balance transfer offer
    0.50% cashback on spend over £5K per year [i]0.50% cashback on spend over £5K per year
    Representative Example: Based on a credit limit of £1200.00 charged at 18.9% variable per annum for purchases. Representative 18.9% APR variable.
  • smile Classic Credit Card Visa
    Intro Rate for Purchases
    No introductory rate for purchases
    APR
    19.9%
    Additional Information
    0.25% cashback on spend over £1 per month
    No transfers from other Co-operative Bank cards
    No balance transfer fee
    Representative Example: Based on a credit limit of £1200.00 charged at 19.9% variable per annum for purchases. Representative 19.9% APR variable.
  • American Express Platinum Cashback Everyday Card
    Intro Rate for Purchases
    No introductory rate for purchases
    APR
    22.2%
    Additional Information
    5% cashback for the first 3 months, capped at £100
    No balance transfers
    0.50% cashback on spend between £1-£5K per year. 1% over £5K per year
    Representative Example: Based on a credit limit of £1200.00 charged at 22.2% variable per annum for purchases. Representative 22.2% APR variable.
  • Barclaycard Rewards Visa
    Intro Rate for Purchases
    No introductory rate for purchases
    APR
    22.9%
    Additional Information
    No foreign transaction fees
    No zero% introductory balance transfer offer
    Contactless payments up to £45
    Representative Example: Based on a credit limit of £1200.00 charged at 22.9% variable per annum for purchases. Representative 22.9% APR variable.
  • American Express Platinum Cashback Card
    Intro Rate for Purchases
    No introductory rate for purchases
    APR
    27.3%
    Additional Information
    5% cashback for the first 3 months, capped at £125
    Annual fee of £25
    1% cashback on spend between £1-£10K per year. 1.25% over £10K per year
    Representative Example: Based on a credit limit of £1200.00 charged at 22.2% variable per annum for purchases. Fee of £25 per annum applies. Representative 27.3% APR variable.
  • American Express Vitality American Express Credit Card
    Intro Rate for Purchases
    No introductory rate for purchases
    APR
    37.1%
    Additional Information
    Earn up to 1% cashback on purchases
    Must be member of Vitality programme and hold an eligible product
    Free purchase and refund protection
    Representative Example: Based on a credit limit of £1200.00 charged at 22.2% variable per annum for purchases. Fee of £6.50 per month applies. Representative 37.1% APR variable.
Note

Moneyfacts.co.uk Limited is an independent credit broker not a lender. We will receive a payment from credit providers where customers link to them from Moneyfacts.co.uk. None of these arrangements affects our independence.

Disclaimer

All credit cards are subject to the applicant’s status. The APR quoted is representative of the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you are offered may be higher, or you may not be offered credit. Fees and rates subject to change without notice. Please check all rates and terms before borrowing.

Quick Links

Quick links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use quick links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go to Provider' or 'Speak to a Broker' button, when you call an advertised number or when you complete an application.

Cashback Credit Cards

Michelle Monck

Michelle Monck

Consumer Finance Expert

At a glance

  • Cashback cards offer a cash payment (usually to your credit card account).
  • They are ideal for customers who pay off their credit card bill in full every month.
  • Can greatly benefit people who use card transactions for their usual daily spending.

Get cashback for spending on your credit card. Compare the best cards but remember that some offers are for a limited period.

What are cashback credit cards?

If you like to spend on your credit card and pay it off in full every month, you don’t need flashy 0% offers, or even a particularly low purchase rate (as you never intend to pay it). Instead, you want a credit card that will reward your custom, perhaps with points, airmiles, vouchers, or even with cashback.

cashback credit card is not suitable for you if you don’t repay your balance in full each month (or before any 0% introductory period ends) because any cashback you earn from the card will be more than cancelled out by the interest you must pay.

Watch out as well for card providers offering high introductory cashback rates –  making note of when this period ends in order to review the cashback deal, maybe changing to a new card with a higher standard rate – as well as the minimum transaction amount you need to make before you start earning cashback.

Moneyfacts tip

Moneyfacts tip Michelle Monck

Are you credit invisible or have you hit a road bump with your credit? Credit builder cards can help you to rebuild your profile, all you need to do is keep making repayments on time.

Why get a cashback credit card?

There’s nothing better than getting something for nothing, and cashback credit cards can offer just that! They can be the perfect way to earn cashback on everything you buy, and if managed effectively, can come with a whole host of additional benefits as well.

These cards are ideal for regular card users, such as those who prefer using plastic for their everyday spending and use their income to repay the balance in full each month. This way, users really are getting something from money they were going to spend anyway, and if you go about things the right way, you could easily profit from it.

However, the key here is to make sure you manage things properly. Cashback credit cards should only ever be considered by those who can comfortably pay off the balance in full each month, as otherwise, the interest payments could cancel out any cashback earned.

Pros and cons of cashback credit cards

  • Cashback can be earned on virtually all purchase transactions.
  • You must pay off the whole amount owed every month, or the interest charged will easily offset any cashback you might get.
  • Failure to make repayments may see your offer being withdrawn.
  • Can encourage people to spend more than their budget in pursuing specific rewards.
  • Cashback is not usually earned on cash withdrawals or balance and money transfers.
  • Can have a minimum spend, so if you don’t spend enough, you can lose any cashback.

What next?

Try our new credit card calculators

Calculate what you need to know before applying.

Balance transfer calculator – calculate how much you could save by switching to a 0% balance transfer credit card.

Minimum repayment calculator – calculate how long it will take to clear your balance when only making the minimum repayments.

Repayment calculator – calculate how quickly you could pay off your credit card.

Compare the best credit cards

Get our weekly newsletter

Weekend Moneyfacts is available free by email to all Moneyfacts.co.uk users.

Please send me Weekend Moneyfacts, Savers Friend and selected third-party offers.

How Moneyfacts works

  • drawing of money scales

    BALANCED. Moneyfacts.co.uk is entirely independent and authorised by the Financial Conduct Authority for mortgage, credit and insurance products.

  • blue outline of free tag

    FREE. There is no cost to you. Our service is entirely free and you don't need to share any personal data to access our comparison tables.

  • drawing of pound sign and arrow

    TRANSPARENT. We only receive payment from product providers and intermediaries for quick/direct links and adverts through to their websites.

  • blue outline of binoculars

    COMPREHENSIVE. We research the whole market and scour the small print so you can find the best products for your needs.

Credit card guides

Guides
guides icon
How to improve your credit score

Our guide sets out 11 steps to boosting your credit score and tell you what to do and what to avoid to increase your credit scrore.

Our guide sets out 11 steps to boosting your credit score and tell you what to do and what to avoid to increase your credit scrore.

Read More
guides icon
How to reclaim unfair credit card charges

If you have accumulated substantial extra debt because of unfair credit card charges, then you may be able to claim some of this back from your card provider of the time.

If you have accumulated substantial extra debt because of unfair credit card charges, then you may be able to claim some of this back from your card provider of the time.

Read More
guides icon
How to get help with persistent debt and increased credit card payments

Credit card borrowers in persistent debt could start to have their cards suspended after October 1 2020. Find out the rules now and what to do if you are in persistent debt on your credit card.

Credit card borrowers in persistent debt could start to have their cards suspended after October 1 2020. Find out the rules now and what to do if you are in per

Read More
guides icon
How does credit card interest work?

Figuring out how credit card interest works can be a complex and difficult task - This Moneyfacts guide gives you an idea of the basics

Figuring out how credit card interest works can be a complex and difficult task - This Moneyfacts guide gives you an idea of the basics

Read More

Ask us anything

Cookies

Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy