Credit Cards with Cashback

Click here to compare credit cards with cash back

With credit card cashback a proportion (usually 0.5%) 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 a fixed date.

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	Typical APR (variable)	Cashback
Egg	17.9%	Cash back at selected online retailers	Details / Apply
Express Rewards	17.9%	Collect points and exchange them for gift vouchers	Details / Apply
American Express Platinum Cashback	19.9%	Up to 5% cashback on purchases	Details / Apply

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%.