Top Cashback Cards Discussion Area

reclusive46

gowgowuk wrote: »

I guess it depends where you shop. I got the Amex recently for the 5% cashback offer but I am disappointed by the lack of availability. On several occasion I had use my master card instead: city council tax, several smaller online shops, also, almost the entire holiday for 5 in Scotland that I recently organized: bed & breakfast, youth hostel, guest house... none of them accepted American express... So, in my case, I would say it's rather 7/10.

Bare in mind if its online, you can normally pay via paypal. Just select Paypal and then checkout via Paypal as a guest and enter your Amex details like any other website.

pjaj

Herbalus wrote: »

There are a number of threads on the forums that mention the Clarity Reward card. Search the forums for it.

The Waitrose card isn't particularly relevant because a) it gives points as opposed to cashback so isn't actually a cashback card and b) it gives the equivalent of 0.5% in vouchers (1% of spend in John Lewis and Waitrose) so isn't particularly generous.

I would disagree. I presume you mean the JL Partnership Card which gives 1% on all John Lewis / Waitrose purchases and 1/2% on all others. There are no limits on the rebate, The only slight downside is that the rebate is in JL vouchers, not cash but that's the same as the M&S card which is a best buy.

starM

Hi, I opened up Aqua Reward card when it was released. I think it will be up to year now or very soon. When should we be expecting the cashback credit to the account?

Thanks
MS

grumbler

In your 13th statement. Just check your T&C

broju

Does anyone know how to contact the MSE team other than by Twitter?
The site is currently giving an incorrect statement about M&S points.
It should read 1 point per £1 spend in M&S and 1 point per £2 spend elsewhere - the same as the John Lewis Partnership card.

Sillychuckie

Sorry if this has already been covered, but Martins latest MSE tip misleads a little, as it says the following:

7. Free £100 M&S/Amazon/Boots voucher IN TIME for Xmas. Though not strictly cashback, if you're accepted for the Amex Gold* charge card and spend £2,000 in the first 3 months you get 20,000 Reward pts, convertible into £100 vouchers for M&S (for posh Xmas nosh), Boots & more.

Even better, the freebie comes as soon as you hit the trigger spend - so probably in time for Xmas. It's a charge card, so you must fully repay each month, or you get a £12 charge and a default on your credit file. The first year's fee-free; after, it's £125/yr. If you don't want to pay, CANCEL by then.

If you dig into this deeper and look on the Amex site that lets you spend your rewards (20,000 points), you will find that it is impossible to order a £100 amazon voucher.
They only sell them in minimum quantities of £200.

See:
http://catalogue.membershiprewards.co.uk/viewAwardDetail.mtw?productId=2429953&categoryName=uk_3h_e_codes

Am I missing something?
It appears correct for M&S/Boots, but Martin should remove the 'Amazon' part out of the text.

Regards,
SC.

Edit: p.s.
They do a 'Tesco GiftCard' which can be used for day to day shopping, so this would probably appeal to many more as a headline grabber.

kirst2203

Hi

Im interested in getting one of the amex 5% cashback cards but the approval checker on MSE said I had 0% chance of getting one. My annual income is >22k, I had no problem getting a loan earlier this year which i have never missed a payment for and i already have the santander 123 credit card which is paid off in full every month. Are there common reasons for rejections on these type of cards? Do they need to provide me with a reason if im rejected when formally applying?

My second question is, if i were to repeatedly get top paying cashback cards for the period of high interest, then stop using the account/close it, apply again etc is this going to have a bad effect on credit score?

Thanks

grumbler

kirst2203 wrote: »

Hi

Im interested in getting one of the amex 5% cashback cards but the approval checker on MSE said I had 0% chance of getting one. My annual income is >22k, I had no problem getting a loan earlier this year which i have never missed a payment for and i already have the santander 123 credit card which is paid off in full every month. Are there common reasons for rejections on these type of cards?

Have a look at this recent thread: New Card Acceptance Issue

Do they need to provide me with a reason if im rejected when formally applying?

No. Quite the opposite, it's usually a top secret.

My second question is, if i were to repeatedly get top paying cashback cards for the period of high interest, then stop using the account/close it, apply again etc is this going to have a bad effect on credit score?

I wouldn't say so, but you can't keep applying for the same card without at least 6 months break and it takes some time for a closed card show closed in your credit file.

quantitative

Just a heads up. The advice on the best choice between the two Amex cards is not quite right. The advice is that if you spend below £10000, then the card without the annual fee is better for you.

The actual amount is much lower.

1st year: The amount here depends on how much you spend in the first 3 months. The annual fee card offers £2500 worth of 5% cash back, while the card with no fee offers £2000. If you spend £2500 in the first three months, then if you spend over £2833 in TOTAL, you're better off with the fee paying card. If you spend less than 2500, but more than 2000 in the first three months, the amount you should spend in total increases the closer you get to 2000. If you spend £2000, you'll need to spend £6000 in total to be better off with the fee card. As you spend less than £2000, the total amount required decreases again until it approaches £3333 if you spend nothing in the first 3 months.

2nd year (no 5% bonus): Spend over £3333, and you're better off with the £25 annual fee card.

You can test these values by assuming you spent as much and determining the cash back you will receive based on the given rates.

Stevie01

Hi all,

Is anyone able to give me a little advice on this please?

I have 2 credit cards (1 amex and 1 mastercard) from the now defunct BMI Diamond Club. I originally signed up to this based on the article on this website saying this was a good deal. As most people are no doubt aware, BMI no longer exist and the credit cards now instead accumulate avios points.

In the summer I signed up for a capital one aspire credit card. I am gathering cashback on this but with a current cashback balance on there of around £13, its fairly underwhelming (every bit helps of course).

Is anyone able to give any sort of indication as which of these 2 options is most lucrative to me as the end user? I am a bit bamboozled by trying to defog this.

Any help is much appreciated.