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Product focus: Cashback credit cards

Product focus: Cashback credit cards

Category: Credit cards

Updated: 14/12/2012
First Published: 27/05/2011

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 It is now over 6 months old so the content may be out of date.

Cashback cards are best suited to cardholders who can ensure their balance will be paid in full each month. Whilst not as widely available as they once were, a range of providers offer cashback credit cards.

Here is a selection of some of the best in the market:

American Express Platinum Cashback Card

  • This card offers customers 5% cashback on all purchases up to a maximum of £1000, for the first three months.
  • After the initial three months customers spending up to £3,500 in the year will earn 0.5% cashback; between £3,501 and £7,500, 1% and over £7,501, 1.25%.
  • The card offers an introductory 0% on all purchases for six months and a representative APR of 19.9%. Cardholders must have a minimum income of £30,000.

Bank of Ireland Moneyback Mastercard

  • The Moneyback Mastercard has a representative APR of 17.9%.
  • Customers will receive 0.5% cashback when they spend up to £15,000 in any one year.
  • The card offers 0% on purchases for three months and 0% on balance transfers for the first six months.
  • There is no minimum income requirement.

Capital One – World Mastercard

  • This card offers 1.00% cashback, plus an additional £10 bonus credit every January.
  • An introductory 0% is offered on all purchases until December 2011 and the representative APR is 19.9%.
  • Cardholders must have a minimum income of £20,000.
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 Any products featured may be withdrawn by their provider or changed at any time.

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