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The more you use reward credit cards the more you get rewarded. Rewards can vary from cashback to vouchers for flights, shopping and more. If you would like more information about reward credit cards read our guide below.

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Tesco Bank Logo
Tesco Bank Clubcard Credit Card with Low APR Mastercard
Intro Rate For Purchases
0.0% for 1 months.
APR
5.9%
Additional Information
Earn Tesco Clubcard points for spending on your card
Rates dependent on credit rating
No fees on Tesco travel money
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 5.94% variable per annum for purchases. Representative 5.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Extra Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £5000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £25.00 each month. The greater of: the total interest & default fees charged + 1% of the new balance (excluding 'Tesco Buy Now Pay Later' special offers) + any arrears; or £25 plus any existing arrears; or the amount you owe over your credit limit including over limit fees.

Standard Interest Rates

For purchase
Monthly 0.482%
APR 5.9%
For cash withdrawals
Monthly 1.873%
Annual 24.94%
For balance transfers
Monthly 0.491%
Annual 6.05%
For money transfers
Monthly 0.491%
Annual 6.05%

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 3.99% - Min £3.00
Cash withdrawal fee 3.99% - Min £3.00
Money transfer fee 3.99% - Min £3.00
Using a card abroad
European Union 2.75%
Worldwide 2.75%

Additional Information

1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco, must have available credit to earn points. Card can also be used as a Clubcard to collect standard points at 1 point per £1 spent on shopping and 1 point per £2 spent on fuel. Points are converted to Tesco vouchers which can be used towards shopping or exchanged for Partner Rewards.
American Express Logo
American Express Rewards Low Rate Credit Card
Intro Rate For Purchases
No introductory rate for purchases
APR
9.9%
Additional Information
Spend £1,000 in first 3 months for 2,500 Membership Reward® bonus points
No balance transfers
Contactless payments up to £30
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 9.9% variable per annum for purchases. Representative 9.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Extra Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income No minimum income
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 2.0% or £25.00 each month.

Standard Interest Rates

For purchase
Monthly 0.790%
APR 9.9%
For cash withdrawals
Monthly 2.080%
Annual 27.90%
For balance transfers
Monthly Balance transfer not available
Annual Balance transfer not available
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee Balance transfer not available
Cash withdrawal fee 3.00% - Min £3.00
Money transfer fee Money transfer not available
Using a card abroad
European Union 2.99%
Worldwide 2.99%

Additional Information

Earn 2,500 bonus Membership Rewards® points when you spend £1,000 in first 3 months of Card membership. Earn 1 Membership Rewards® point for every £1 spent thereafter.
Nationwide BS Logo
Nationwide BS Credit Card Visa
Intro Rate For Purchases
0.0% for 12 months.
APR
17.9%
Additional Information
Earn commission-free purchases abroad during the year
Rates dependent on credit rating
Manage your card online or with the mobile app
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 17.9% variable per annum for purchases. Representative 17.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Extra Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £5000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £25.00 each month. 1% of the statement balance before any default charges and interest after which default charges and interest will be added.

Standard Interest Rates

For purchase
Monthly 1.385%
APR 17.9%
For cash withdrawals
Monthly 1.385%
Annual 17.90%
For balance transfers
Monthly 1.385%
Annual 17.90%
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 2.40% - Min £5.00
Cash withdrawal fee 2.50% - Min £3.00
Money transfer fee Money transfer not available
Using a card abroad
European Union 2.00%
Worldwide 2.00%

Additional Information

Customers will be able to earn commission-free purchases abroad by using their Credit Card each time they make a purchase in Sterling. The calculation will be based on a 5:1 ratio - for example, £5 spent in Sterling will earn an allowance of £1 commission free-purchases abroad. Purchases abroad beyond the earned amount will be charged 2% commission.
John Lewis Financial Services Logo
John Lewis Financial Services John Lewis and Waitrose Partnership Mastercard
Intro Rate For Purchases
0.0% for 9 months.
APR
18.9%
Additional Information
Earn 1 point per £1 spent in John Lewis partnership
No balance transfers from HSBC Group cards
Reward vouchers issued February, June and October
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 18.9% variable per annum for purchases. Representative 18.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Extra Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £6750.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 3.0% or £5.00 each month. Interest, default charges and any PPI or Payment Freeze premiums plus 1% of the principal, or 3% of the balance or £5 whichever is the highest if less than £5 of your statement balance.

Standard Interest Rates

For purchase
Monthly 1.456%
APR 18.9%
For cash withdrawals
Monthly 1.805%
Annual 23.90%
For balance transfers
Monthly 1.456%
Annual 18.90%
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 2.90% - Min £5.00
Cash withdrawal fee 2.50% - Min £2.50
Money transfer fee Money transfer not available
Using a card abroad
European Union 2.75%
Worldwide 2.75%

Additional Information

Earn 1 point for every £1 spent in store or online at John Lewis, Waitrose and John Lewis Insurance. Earn 1 Point for every £2 spent elsewhere. Vouchers issued once customer reaches 500 points in Feb, Jun or Oct when vouchers are automatically issued to customers. Every 500 points is worth £5. Receive a £25 bonus voucher in the first 90 days of opening if £200 spent in store or online.
ASDA Money Logo
ASDA Money Cashback Credit Card Mastercard
Intro Rate For Purchases
No introductory rate for purchases
APR
19.9%
Additional Information
1% cashback on all ASDA spend, received as vouchers
Can't change payment due date
Manage your card online
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 19.9% variable per annum for purchases. Representative 19.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Extra Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £10000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £5.00 each month.

Standard Interest Rates

For purchase
Monthly 1.523%
APR 19.9%
For cash withdrawals
Monthly 2.071%
Annual 27.90%
For balance transfers
Monthly 1.523%
Annual 19.90%
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) 50
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 3.00% - Min £3.00
Cash withdrawal fee 3.00% - Min £5.00
Money transfer fee Money transfer not available
Using a card abroad
European Union 2.99%
Worldwide 2.99%

Additional Information

Earn Asda vouchers every time you shop - 1% cashback on all Asda spend, 0.2% on all other transactions and 10% on selected insurance products. Once £2.50 is earnt a voucher can be downloaded to spend in Asda stores.
M&S Bank Logo
M&S Bank Shopping Plus Mastercard
Intro Rate For Purchases
0.0% for 20 months.
APR
19.9%
Additional Information
Earn 1 point for every £1 spent at M&S
Rates dependent on credit rating
Emergency cash service available
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 19.9% variable per annum for purchases. Representative 19.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Extra Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income No minimum income
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 2.5% or £5.00 each month. Interest and default charges plus 1% of the principal, or 2.5% of the balance or £5 whichever is highest.

Standard Interest Rates

For purchase
Monthly 1.527%
APR 19.9%
For cash withdrawals
Monthly 1.805%
Annual 23.90%
For balance transfers
Monthly 1.527%
Annual 19.90%
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) 55
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 2.90% - Min £5.00
Cash withdrawal fee 2.99% - Min £3.00
Money transfer fee Money transfer not available
Using a card abroad
European Union 2.99%
Worldwide 2.99%

Additional Information

1 point will be earned for every full £1 spent in Marks and Spencer's UK stores, catalogues, internet and Outlets and Simply Food. 1 point will be earned for every £5 spent outside of Marks & Spencer. 100 points = £1 reward voucher. Bonus points will be awarded when purchasing selected merchandise advertised in the personalised rewards brochure or in stores (except Outlets). Points will be converted into reward vouchers four times a year and sent to the customers with the Loyalty statement. Remaining points will be carried over to the next collection period. Rewards vouchers can be redeemed in all Marks and Spencer's UK stores and online but not via catalogue. Points cannot be exchanged for cash or gift vouchers.
Sainsbury's Bank Logo
Sainsbury's Bank Balance Transfer Credit Card Mastercard
Intro Rate For Purchases
0.0% for 3 months.
APR
19.9%
Additional Information
0% on balance transfers for 29 months
Rates dependent on credit rating
Manage your card online
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 19.95% variable per annum for purchases. Representative 19.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Extra Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income No minimum income
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 2.3% or £5.00 each month. Plus any amount over limit.

Standard Interest Rates

For purchase
Monthly 1.527%
APR 19.9%
For cash withdrawals
Monthly 1.941%
Annual 25.95%
For balance transfers
Monthly 1.527%
Annual 19.95%
For money transfers
Monthly 1.941%
Annual 25.95%

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 1.50% - Min £3.00
Cash withdrawal fee 3.00% - Min £3.00
Money transfer fee 4.00% - Min £4.00
Using a card abroad
European Union 2.75%
Worldwide 2.75%

Additional Information

Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 2 Nectar points per £1 spent on Sainsbury's shopping and fuel. Earn 1 Nectar point for every £5 spent elsewhere.
Tesco Bank Logo
Tesco Bank 12 Month All Round Clubcard Credit Card Mastercard
Intro Rate For Purchases
0.0% for 12 months.
APR
19.9%
Additional Information
Earn Tesco Clubcard points for spending on your card
High rate for cash withdrawals
No fees on Tesco travel money
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 19.944% variable per annum for purchases. Representative 19.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Extra Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £5000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £25.00 each month. The greater of: the total interest & default fees charged + 1% of the new balance (excluding 'Tesco Buy Now Pay Later' special offers) + any arrears; or £25 plus any existing arrears; or the amount you owe over your credit limit including over limit fees.

Standard Interest Rates

For purchase
Monthly 1.527%
APR 19.9%
For cash withdrawals
Monthly 1.873%
Annual 24.94%
For balance transfers
Monthly 1.658%
Annual 21.81%
For money transfers
Monthly 1.658%
Annual 21.81%

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 3.99% - Min £3.00
Cash withdrawal fee 3.99% - Min £3.00
Money transfer fee 3.99% - Min £3.00
Using a card abroad
European Union 2.75%
Worldwide 2.75%

Additional Information

1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco, must have available credit to earn points. Card can also be used as a Clubcard to collect standard points at 1 point per £1 spent on shopping and 1 point per £2 spent on fuel. Points are converted to Tesco vouchers which can be used towards shopping or exchanged for Partner Rewards.
Tesco Bank Logo
Tesco Bank 15 Month All Round Clubcard Credit Card Mastercard
Intro Rate For Purchases
0.0% for 15 months.
APR
19.9%
Additional Information
Earn Tesco Clubcard points for spending on your card
High rate for cash withdrawals
No fees on Tesco travel money
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 19.944% variable per annum for purchases. Representative 19.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Extra Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £5000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £25.00 each month. The greater of: the total interest & default fees charged + 1% of the new balance (excluding 'Tesco Buy Now Pay Later' special offers) + any arrears; or £25 plus any existing arrears; or the amount you owe over your credit limit including over limit fees.

Standard Interest Rates

For purchase
Monthly 1.527%
APR 19.9%
For cash withdrawals
Monthly 1.873%
Annual 24.94%
For balance transfers
Monthly 1.658%
Annual 21.81%
For money transfers
Monthly 1.658%
Annual 21.81%

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 3.99% - Min £3.00
Cash withdrawal fee 3.99% - Min £3.00
Money transfer fee 3.99% - Min £3.00
Using a card abroad
European Union 2.75%
Worldwide 2.75%

Additional Information

1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco, must have available credit to earn points. Card can also be used as a Clubcard to collect standard points at 1 point per £1 spent on shopping and 1 point per £2 spent on fuel. Points are converted to Tesco vouchers which can be used towards shopping or exchanged for Partner Rewards.
Tesco Bank Logo
Tesco Bank Clubcard 20 Month 0% Balance Transfer Fee Mastercard
Intro Rate For Purchases
No introductory rate for purchases
APR
19.9%
Additional Information
Earn Tesco Clubcard points for spending on your card
Rates dependent on credit rating
No fees on Tesco travel money
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 19.944% variable per annum for purchases. Representative 19.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Extra Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £5000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £25.00 each month. The greater of: the total interest & default fees charged + 1% of the new balance (excluding 'Tesco Buy Now Pay Later' special offers) + any arrears; or £25 plus any existing arrears; or the amount you owe over your credit limit including over limit fees.

Standard Interest Rates

For purchase
Monthly 1.527%
APR 19.9%
For cash withdrawals
Monthly 1.873%
Annual 24.94%
For balance transfers
Monthly 1.658%
Annual 21.81%
For money transfers
Monthly 1.658%
Annual 21.81%

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 3.99% - No minimum charge
Cash withdrawal fee 3.99% - Min £3.00
Money transfer fee 3.99% - No minimum charge
Using a card abroad
European Union 2.75%
Worldwide 2.75%

Additional Information

1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco, must have available credit to earn points. Card can also be used as a Clubcard to collect standard points at 1 point per £1 spent on shopping and 1 point per £2 spent on fuel. Points are converted to Tesco vouchers which can be used towards shopping or exchanged for Partner Rewards.
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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.

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Compare credit cards with rewards

nigel woollsey

Nigel Woollsey

Online Writer
Published: 12/02/2019

At a glance

  • A credit card that rewards your custom with points, vouchers or perhaps even cashback.
  • As with cashback credit cards these are more suitable for people who want to use it to pay for everyday purchases and who pay their credit card bill in full every month.
  • Large range of cards offering all sorts of rewards – including supermarkets, high street stores and even airlines.

What are reward 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% interest 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 or vouchers, or even with cashback.

Rewards credit cards are just that, allowing you to get something back every time you use the card to make a purchase. The best credit card rewards can significantly reduce your monthly spend thanks to supermarket points, or even allow you to go on holiday for free thanks to generous travel rewards.

Given the variety of rewards that are available, you'll want to think carefully about what will have the biggest impact; are you happy to get extra spending money that can be used in just one supermarket chain, or would you rather have cash? Where do you currently spend most of your money, and how many reward points would you be able to get from it?

Whichever card you decide to go for, just remember that you really do need to make sure that you can pay off your debt in full every single month. If you don't, you could end up paying more in interest than you're getting in rewards, defeating the purpose of having a reward credit card. If you're not confident you'll remember to pay off the balance every time, you could even set up a monthly standing order to automate the process.

The credit card market, including credit cards with rewards, is regulated by the Financial Conduct Authority and the Consumer Credit Act. Among other things, this means you get a certain amount of protection on your purchases when using a credit card.

How do reward credit cards work?

Reward credit cards work just like any other credit card; you use credit to make purchases or transfer debt, and if you don't manage to pay all the debt you've put on the card within a month, you are charged interest. If you don't manage to make at least a minimum payment every month, you will also likely be charged a penalty fee, and may lose any special offers you've been enjoying.

Therefore, to get the most from a reward credit card, you will want to minimise the above-mentioned costs. This means paying the card debt off every month, avoiding using the card abroad, and not taking money out using your plastic friend. You'll also want to try and maximise the rewards you are getting from the card provider.

For credit cards that offer cashback as a reward (and please note that we have a separate chart with only cashback cards if that's all you're interested in), this means using the card to make purchases as much as possible, potentially even until you reach your credit limit, assuming you're getting a percentage back on every single purchase. If you pick a card with points instead, find out where you can get the most points as well as how you can spend them. While some cards will allow you to get cash in exchange for points, some may only give you vouchers to spend in their stores or petrol stations, so read the terms and conditions carefully.

Where a card offers points as a reward for spending, it's important you check how much the points are worth as well. Points schemes vary massively in value, so don't assume that if you earn four points per £1 spent, it's necessarily going to be better than a card offering one point per £1 spent.

Say you're comparing two cards that allow you to earn one point for every £1 you spend. With Card A you need to collect 1,000 points to earn a £5 voucher, and with Card B you just need to earn 500 points to get a £5 voucher. Although both cards appear to offer the same deal, Card B offers the more generous reward scheme.

What sorts of rewards can I expect with a reward credit card?

As stated, most cards will give you reward points which can be exchanged for cash or vouchers. Reward points can be restricted to a single brand, but you can also get cards that give you air miles and such for travelling, or cards that allow you to spend vouchers at a wide variety of partners. The best reward credit cards may even offer introductory interest-free terms on purchases as well.

Before you decide on a card, do some calculations to see how many points you would get and what they are worth, or what your percentage of cashback would be. And of course, make sure that you shop frequently at the places where you'd be able to use your vouchers, so your hard-earned rewards don't go to waste.

What would be the best rewards credit card for me?

The key to choosing the right reward credit card is to select a card that offers rewards useful to you. For instance, if you spend a lot on your weekly food shop, a reward credit card that gives you vouchers or points to spend there might be a good option (indeed, some supermarkets have even started offering credit cards that also double as a loyalty card for just this purpose), or if you are a frequent flyer, a reward credit card that earns you air miles might be the way to go.

Depending on your needs, finding the best reward card may be a simple matter of finding the card from your favourite supermarket that sits highest in the charts. If you’d rather have cash in hand, you might want to look at our dedicated cashback credit card comparison chart instead. The table above is sorted by best overall deal as default, but it also allows you to sort by longest introductory rate for purchases or lowest APR.

In the end, the best reward credit card will depend on your personal wishes and circumstances. Whatever you decide, make sure your credit score is up to scratch before you apply so you can get the best deal possible with the lowest interest rate. Remember that the representative APR may not be the APR you are offered. You'll also want to make sure you can repay any debt on your credit card in full each month, to avoid diluting the rewards you're getting through interest and/or charges.

Pros and cons of reward credit cards

  • A great way to earn regular awards from your favourite retailer.
  • May have increased rewards for using your card in certain places or for certain types of transaction.
  • Unlike a ‘store card’ you are not tied to a specific store or retail group.
  • If you don’t pay off the balance each month then the interest &/or fees you incur could eat into the value of the rewards.

Moneyfacts tip

Moneyfacts tip nigel woollsey

As well as the possibility of an annual fee, you will usually be charged for taking money out at an ATM or using the reward card abroad – So check fees carefully before deciding on which is best for you.

rewards next exit road sign

At a glance

  • A credit card that rewards your custom with points, vouchers or perhaps even cashback.
  • As with cashback credit cards these are more suitable for people who want to use it to pay for everyday purchases and who pay their credit card bill in full every month.
  • Large range of cards offering all sorts of rewards – including supermarkets, high street stores and even airlines.
Best Reward Credit Cards
Provider Intro Rate For Purchases APR
Tesco Bank Logo Tesco Bank Clubcard Credit Card with Low APR Mastercard 0.0% for 1 months. 5.9%
Bank of Scotland Logo Bank of Scotland Platinum Low Rate Mastercard 6.4%
Halifax Logo Halifax Flexicard Mastercard 6.4%
Lloyds Bank Logo Lloyds Bank Online Platinum Low Rate Mastercard 6.4%

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