Credit Cards for Cashback

Click here to compare credit cards with cash back

The concept of credit card cashback is simple, when you spend money on your credit card you'll get a percentage of your spend returned to you every so often. Usually itís totalled up and paid annually, either on the anniversary of the account opening or at a fixed date. Typically the rate is between 0.5% and 1% although some of the best deals offer as much as 5% cashback for a limited period which means if you spent £1000 on your card you would get £50 back.

Cashback schemes tend to outperform reward points schemes when compared.

You should only really choose a card with cashback if youíre never charged interest otherwise the cost of the interest will outweigh the cashback gain. If you always repay the card in full each month, the cashback is money the credit card company is giving you.


Card Intro Rate
Balance Transfers
Intro Rate
Purchases
Representative APR
(variable)
Asda Cashback
0% for 12 months
(Fee: 3% or £3 whichever is greater)
19.9% 19.9% Details / Apply
To apply for a card, you should be aged 18 or over, not have County Court Judgements or Court Decrees or be bankrupt or otherwise insolvent, have a minimum annual income of £10,000 and not be claiming
unemployment benefits.
Cashback: 1% for every £1 spent in Asda and on George.com and 0.5% for every £1 spent elsewhere
Representative Example
Representative 19.9% APR variable
19.9% p.a. variable on purchases
No annual fee
Based on an assumed credit limit of £1,200

Cashback credit cards in decline
An investigation conducted by data analyst Defaqto reveals the cashback reward offers and in dramatic decline. As many as a quarter of credit cards offered cashback as a reward for spending five years ago, but today fewer than one in 20 cards carries this incentive. A total of 28.2% offered cash in January 2004 but in 2010 this figure has fallen markedly to 4.8%.