Top 10 Cashback Credit Cards to Maximize Your Everyday Spending

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2 months ago

Top 10 Cashback Credit cards

Want to earn cashback every time you shop? Cashback credit cards let you do just that! Whether you’re buying groceries, filling up on fuel, or making online purchases, cashback cards reward you with a percentage of what you spend. This post explores the top 10 cashback credit cards in the UK, so you can choose the best one for your needs.

What is a Cashback Credit Card?

A cashback credit card gives you money back every time you make a purchase. The amount you earn depends on the card’s cashback rate, which could vary by spending categories or overall spending. It’s like getting a little bonus for using your card, and if you pay off your balance each month, it’s a win-win!

Top 10 Cashback Credit Cards in the UK

Here’s a breakdown of the top 10 cashback credit cards that can help you earn while you spend. We’ll cover each card’s benefits, cashback rates, and fees to help you pick the best one.

1. American Express Platinum Cashback Everyday Credit Card

Cashback Rate: 5% for the first five months (up to £125)
Ongoing Cashback: 0.5% on spending up to £10,000, 1% on anything over
Annual Fee: £0
APR: 31.0% variable
Why It’s Great: This card is ideal if you want a no-fee option. With a generous introductory offer, it’s perfect for those who spend moderately throughout the year.

2. American Express Platinum Cashback Credit Card

Cashback Rate: 5% for the first three months (up to £125)
Ongoing Cashback: 0.75% on spending up to £10,000, 1.25% over £10,000
Annual Fee: £25
APR: 36.7% variable
Why It’s Great: If you’re a big spender, this card offers higher cashback rates, making it ideal if you spend over £10,000 a year.

3. Santander Edge Credit Card

Cashback Rate: 2% on all purchases (up to £15 a month for the first year)
Annual Fee: £36 (£3 per month)
APR: 29.8% variable
Why It’s Great: Great for Santander customers, this card offers a high cashback rate for the first year, though the rewards decrease after that.

4. Santander All in One Credit Card

Cashback Rate: 0.5% on all purchases
Extra Benefits: No foreign transaction fees
Annual Fee: £36
APR: 29.8% variable
Why It’s Great: Perfect for frequent travelers with its no foreign transaction fees, plus it offers balance transfer perks.

5. Halifax Cashback Credit Card

Cashback Rate: 0.25% on all purchases
Sign-Up Bonus: £20 cashback if you spend £1,000 in the first 90 days
Annual Fee: £0
APR: 22.9% variable
Why It’s Great: A solid no-fee option with a nice introductory bonus.

6. Barclaycard Rewards Credit Card

Cashback Rate: 0.25% on every £1 spent
Extra Benefits: No fees for using abroad, no cap on cashback
Annual Fee: £0
APR: 28.9% variable
Why It’s Great: Great for those who like to travel, with no foreign usage fees and unlimited cashback potential.

7. Lloyds Bank World Elite Mastercard

Cashback Rate: 0.5% on spending up to £15,000; 1% over £15,000
Annual Fee: £180
APR: 55% variable
Why It’s Great: Ideal for high spenders who want premium benefits and high cashback rewards.

8. Tesco Bank Low APR Credit Card

Cashback Rate: 5 Clubcard points for every £4 spent at Tesco, 1 point for every £8 elsewhere
Annual Fee: £0
APR: 10.9% variable
Why It’s Great: Fantastic for Tesco shoppers, with one of the lowest APRs available.

9. M&S Bank Reward Credit Card

Cashback Rate: 1 point per £1 spent at M&S, 1 point per £5 spent elsewhere
Annual Fee: £0
APR: 23.9% variable
Why It’s Great: Ideal for regular M&S customers, offering rewards both in-store and elsewhere.

10. RBS Reward Credit Card

Cashback Rate: 1% cashback at supermarkets, 0.25% elsewhere
Annual Fee: £24 (waived for Reward account holders)
APR: 29.8% variable
Why It’s Great: A good choice for grocery shoppers who use NatWest or RBS.

How to Choose the Best Cashback Credit Card

Selecting the right cashback credit card comes down to understanding your spending habits. Here are a few things to think about:

1. Look at Your Spending

Are you a big spender, or do you make smaller purchases regularly? Some cards reward heavy spenders, while others offer great rewards for everyday buys.

2. Consider Fees

Watch out for annual fees. Some cards have no fees but lower cashback rates, while others charge fees but offer higher rewards.

3. Focus on Cashback Categories

Some cards give higher cashback for specific purchases, like groceries or fuel. Pick one that aligns with your lifestyle.

4. Check the APR

If you plan to carry a balance, choose a card with a low APR to save on interest. However, paying off your balance in full each month is the best way to avoid fees.

Frequently Asked Questions (FAQs)

1. What is the best cashback credit card in the UK?

The best cashback credit card depends on your needs. For high spenders, the American Express Platinum Cashback Credit Card offers great long-term rewards. For those who want a no-fee card, the American Express Platinum Cashback Everyday Credit Card is a solid option.

2. Can I avoid paying an annual fee?

Yes! There are several no-fee cashback credit cards, like the Halifax Cashback Credit Card and the Barclaycard Rewards Credit Card.

3. What happens if I don’t pay off my balance in full?

If you carry a balance, you’ll likely be charged interest. To avoid this, always pay off your balance in full each month.

4. Which cashback credit card has the lowest APR?

The Tesco Bank Low APR Credit Card offers one of the lowest APRs at 10.9%, making it a good option for those who may need to carry a balance.

Conclusion

Cashback credit cards are a fantastic way to earn rewards on everyday spending. Whether you’re a big spender or just looking for a no-fee option, there’s a cashback card for you. Be sure to consider your spending habits, fees, and any extra perks when choosing your card.

Cashback Credit Cards Table

Card	Cashback Rate	Annual Fee	APR	Extra Benefits
American Express Everyday	5% (first 5 months), 0.5%-1%	£0	31.0%	No annual fee
American Express Platinum	5% (first 3 months), 0.75%-1.25%	£25	36.7%	Higher rewards for big spenders
Santander Edge	2% (first year), 1%	£36	29.8%	Great for Santander account holders
Santander All in One	0.5% on all purchases	£36	29.8%	No foreign transaction fees
Halifax Cashback	0.25% on all purchases	£0	22.9%	£20 cashback intro bonus
Barclaycard Rewards	0.25% on all spending	£0	28.9%	No fees for using abroad
Lloyds World Elite Mastercard	0.5%-1%	£180	55%	Ideal for high spenders
Tesco Bank Low APR	5 Clubcard points at Tesco	£0	10.9%	Low APR
M&S Bank Reward	1 point per £1 at M&S	£0	23.9%	Rewards at M&S and elsewhere
RBS Reward	1% on groceries, 0.25% on other spending	£24 (waived)	29.8%	Waived fee for Reward account holders