Top Credit Cards Offering Cashback Rewards
In the world of credit cards, cashback offers can be a valuable perk for savvy spenders. Here's a look at some of the best cashback credit cards available in the UK in 2023.
The Santander All In One Credit Card offers a simple cashback scheme, providing 0.5% cashback on all purchases, up to £10 a month. Additionally, it offers a 0% interest rate on purchases for 15 months and on balance transfers for the same period, with no balance transfer fee. However, it charges a 2.95% fee on all foreign transactions and has a representative APR of 29.8% if you fail to pay in full.
Another option is the Santander Edge credit card, which offers 2% cashback on all purchases in the first year and 1% cashback after that, up to £15 a month. The card comes with a £3 monthly fee and a representative APR of 29.8% if you can't pay in full. To qualify for the Santander Edge credit card, you must already hold a Santander or Cahoot current account.
American Express (Amex) has improved its Cashback Everyday credit card, offering the highest cashback rate in the UK at 5% on up to £125 over five months. Both the American Express Platinum Cashback Everyday Credit Card and the American Express Platinum Cashback Credit Card offer this high cashback rate in their introductory periods. The former has no annual fee, while the latter comes with a £25 annual fee. The Platinum Cashback Everyday Credit Card pays cashback annually, while the Platinum Cashback Credit Card also pays cashback annually.
Other notable mentions include the Trade Republic Card, Revolut Standard, Vivid Money, Amex PAYBACK Card, and TF Bank Mastercard Gold. These cards provide competitive cashback and benefits such as worldwide fee-free withdrawals and digital wallet compatibility.
It's important to note that the number of cashback credit cards on the market has reduced since the introduction of new rules in 2015.
As always, it's crucial to read the terms and conditions carefully before applying for any credit card, and to ensure you can pay off your balance in full each month to avoid high interest rates.
