Credit Cards with Cashback

Click here to compare credit cards with cash back

With credit card cashback a proportion of your spending is returned to you in cash. Usually it’s totalled up and paid annually, either on the anniversary of the account opening or at a fixed date. Some of the best deals offer as much as 5% cashback for a limited period.

Cashback schemes tend to outperform reward points schemes when compared.

You should only really choose a card with cashback if you’re 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)
American Express Platinum Cashback	-	14.0%	18.5%	Details / Apply
	Earn 5% cashback for the first three months up to a maximum of £100 plus 2.5% cashback in the anniversary month when you spend £10,000 a year £25 annual fee Cashback: Up to 5% cashback on purchases
	Representative Example Representative 18.5% APR variable. Based on annual fee of £25 and assumed credit limit of £1200. Interest rate for purchases: 14.0% p.a. variable

Capital One World MasterCard Capital One, Trent House, Station Street, Nottingham, NG2 3HX	19.9% (Fee: no fee)	19.9%	19.9%	Details / Apply
	Earn 5% cashback on purchases for the first 3 months Suitable for applicants with a perfect credit rating and an annual income of more than £20,000 Cashback: Earn 5% cashback on purchases for the first 3 months (max £100) and up to 1.25% unlimited cashback thereafter
	Representative Example 19.9% APR representative variable 19.94% p.a. variable on purchases £1,200 credit limit

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%.