Find The Best Reward Credit Card For You | moneyfacts.co.uk

Compare credit cards with rewards

  - Get rewarded for using your credit card! Your loyalty can earn you rewards such as supermarket points, retail vouchers - even air miles!
 
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Compare the Best Rewards Cards

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Intro Rate For PurchasesAPRAdditional InformationSearch all151 Credit Cards
 
American Express

Rewards Credit Card
N/A22.9%
  • Spend £1,000 in first 3 months for 10,000 Membership Reward® bonus points
  • No balance transfers
  • Contactless payments up to £30
Details...
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  Representative Example: Based on a credit limit of £1200.00 charged at 22.9% variable per annum for purchases. Representative 22.9% APR variable. 
ASDA Money

Cashback Credit Card Mastercard
N/A19.9%
  • 1% cashback on all ASDA spend, received as vouchers
  • Can't change payment due date
  • Manage your card online
Details...
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  Representative Example: Based on a credit limit of £1200.00 charged at 19.9% variable per annum for purchases. Representative 19.9% APR variable. 
Barclaycard

Freedom Rewards Visa
0.0% for 12 months.21.9%
  • Freedom rewards scheme
  • Can't change payment due date
  • Contactless payments up to £30
Details...
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  Representative Example: Based on a credit limit of £1200.00 charged at 21.9% variable per annum for purchases. Representative 21.9% APR variable. 
American Express

British Airways Card
N/A22.9%
  • Spend £1,000 in first 3 months for 5,000 bonus Avios
  • No balance transfers
  • Emergency cash service available
Details...
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  Representative Example: Based on a credit limit of £1200.00 charged at 22.9% variable per annum for purchases. Representative 22.9% APR variable. 
Creation Financial Services

IHG Rewards Club Credit Card Mastercard
N/A18.9%
  • 0% on balance transfers for 12 months
  • No balance transfers from Creation Financial Services cards
  • Manage your card online
Details...
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  Representative Example: Based on a credit limit of £1200.00 charged at 18.9% variable per annum for purchases. Representative 18.9% APR variable. 
John Lewis Financial Services

John Lewis and Waitrose Partnership Mastercard
0.0% for 9 months.18.9%
  • Earn 1 point per £1 spent in John Lewis partnership
  • No balance transfers from HSBC Group cards
  • Reward vouchers issued February, June and October
Details...
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  Representative Example: Based on a credit limit of £1200.00 charged at 18.9% variable per annum for purchases. Representative 18.9% APR variable. 
M&S Bank

Reward Plus Mastercard
0.0% for 6 months.19.9%
  • Double points for first 12 months
  • Rates dependent on credit rating
  • Emergency cash service available
Details... 
  Representative Example: Based on a credit limit of £1200.00 charged at 19.9% variable per annum for purchases. Representative 19.9% APR variable. 
Creation Financial Services

Maximiles Mastercard
0.0% for 3 months.17.9%
  • Earn Maximiles points
  • No balance transfers from Creation Financial Services cards
  • Manage your card online
Details... 
  Representative Example: Based on a credit limit of £1200.00 charged at 17.9% variable per annum for purchases. Representative 17.9% APR variable. 
NatWest

Reward Credit Card Mastercard
N/A23.7%
  • 1% Rewards on supermarket spend (0.5% at their petrol stations) & 1% on selected retailers.
  • Annual fee £24, waived if Reward or Reward Black Current Account holder
  • Manage your card online
Details...
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  Representative Example: Based on a credit limit of £1200.00 charged at 18.9% variable per annum for purchases. Fee of £24 per annum applies. Representative 23.7% APR variable. 
Royal Bank of Scotland

Reward Credit Card Mastercard
N/A23.7%
  • 1% Rewards on supermarket spend (0.5% at their petrol stations) & 1% on selected retailers.
  • Annual fee £24, waived if Reward or Reward Black Current Account holder
  • Manage your card online
Details...
Go to Site
 
  Representative Example: Based on a credit limit of £1200.00 charged at 18.9% variable per annum for purchases. Fee of £24 per annum applies. Representative 23.7% APR variable. 
Sainsbury's Bank

Purchase Credit Card Mastercard
0.0% for 29 months.20.9%
  • Earn Nectar points for spending on your card
  • Rates dependent on credit rating
  • Manage your card online
Details...
Go to Site
 
  Representative Example: Based on a credit limit of £1200.00 charged at 20.95% variable per annum for purchases. Representative 20.9% APR variable. 
Tesco Bank

Clubcard Credit Card 28 Month for Purchases Mastercard
0.0% for 28 months.19.9%
  • Earn Tesco Clubcard points for spending on your card
  • Rates dependent on credit rating
  • No fees on Tesco travel money
Details...
Go to 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. 

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply online today. Products shown with a yellow background are sponsored products.

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.

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.

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Reward credit cards explained

If you're looking to get something extra from your credit card, and you know you can repay the balance on it in full every month, then a reward credit card could be for you.

On this page:

  1. What are reward credit cards?
  2. How do reward credit cards work?
  3. What sorts of rewards can I expect with a reward credit card?
  4. What would be the best rewards credit card for me?

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. You are usually charged for taking money out at an ATM, too, as well as for using the card abroad, and some cards even charge an annual fee. 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 actually 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 actually 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 actually 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 Best Buys 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 actually 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.

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