The Best Cashback Credit Cards
Cashback Credit Cards
Cashback credit cards have become an increasingly popular tool for consumers looking to maximise the value of their everyday purchases. These credit cards offer a simple yet effective reward system: a percentage of your spending is returned to you in the form of cash, which can be applied as a statement credit, deposited into a bank account, or even redeemed for gift cards or other rewards. you might earn 1% cashback on all purchases, but 3% back on specific categories like groceries, dining, or gas. Some cards offer rotating categories where the bonus cashback percentage changes every quarter, while others may offer a flat rate on all purchases.
You can also find credit cards which offer alternative reward systems such as travel discounts or retail rewards.
American Express Platinum Cashback Everyday Card
This is a popular choice among UK consumers, offering an introductory rate of 5% cashback on purchases up to £100 for the first three months, which is capped at £100 cashback. After the introductory period, cardholders earn 0.5% cashback on annual spending up to £10,000 and 1% on any amount over that threshold.
With no annual fee, this card also includes benefits like purchase protection and access to exclusive Amex Experiences, making it an attractive option for those seeking a well-rounded cashback card.
Sainsbury’s Bank Dual offer Credit Card
Ideal for frequent shoppers at Sainsbury's, Argos, and Habitat. Cardholders earn 2 Nectar points per £1 spent at these stores, which equates to about 1% cashback, and 1 Nectar point per £5 spent elsewhere.
The card also offers a generous sign-up bonus of 8,000 Nectar points, equivalent to £40, when you spend £400 at Sainsbury's, Argos, or Habitat within the first two months. With no annual fee and up to 31 months of interest-free purchases and balance transfers (terms apply), this card is highly beneficial for those who regularly shop at these partnered retailers.
Sainsbury’s bank also offer a great option for those who are looking for a credit card offering travel rewards.
Aqua Reward Credit Card
Specifically designed for individuals with a lower credit score, offering a pathway to improve credit while earning cashback. With 0.5% cashback on all purchases and no annual fee, this card is a practical choice for those looking to rebuild their credit. Moreover, the card includes access to the Aqua Credit Checker service, allowing users to keep track of their credit score for free, which is a valuable tool for managing and improving financial health.
Barclaycard Reward Card
For those looking for simplicity and no foreign transaction fees, the Barclaycard Rewards Credit Card is a strong contender. It provides 0.25% cashback on all purchases with no annual fee.
This card is especially advantageous for travellers, as it eliminates fees on overseas transactions. Additionally, cardholders benefit from purchase protection and can monitor their credit score through the Barclaycard app, adding an extra layer of financial security and convenience.
