Best Cashback Cards Article Discussion Area

Former_MSE_Archna

This thread is to specifically discuss the content of the

Best Cashback Credit Cards Article

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The old thread can be viewed here

simonkirkland

I've just read the cashback article to see if I have the best card on the market.

Reading though Martin says I should have the amex plat card... (spend about £12-15k a year on a cashback card)

I actually disagree... I have the egg money card and think I gain more from this for the following reasons:

Egg is 1% all the time and sometimes 2% (christmas bonus)
Egg have extra cashback for some 'useful' retailers - currys for one (5%)
Amex isn't excepted everywhere and when I have amex I found it anoying having to ask if places took amex (I know there is thread identifying retailers)

I think most people would gain more benefit from egg money than amex...

What do others think?

Simon

Fill_7

hi si.

im soon gonna be fortunate enough to be in the position of being debt free, so i was thinking of getting a 'cashback' credit card. the 2 things that put me off the amex card is the fact that its not widely accepted everywhere, and the most important fact is that i dont earn 20k to qualify for it! egg money is the way forward for me!

Sabrina

Does anyone have any thoughts on whether is it better to gain interest on a positive balance or just to use the Egg Money card as a conventional credit card and thus pay off the balance in full by direct debit?

MrBen_4

Is the egg cashback credit card mentioned in this article is the only credit card egg do? I ask this because there is an 'egg card' advertised on the front page as being 0% interest for 6 months, etc.. Just wondering if this is the same card or a seperate card egg do. If it is the same then I can pay off the amount I'm spending after 6 months instead of monthly!? Even better!

grumbler

Sabrina wrote:

Does anyone have any thoughts on whether is it better to gain interest on a positive balance or just to use the Egg Money card as a conventional credit card and thus pay off the balance in full by direct debit?

See discussion here: Egg Money Cashback on positive Balance?

grumbler

MrBen wrote:

The egg cashback credit card mentioned in this article is the only credit card egg do. I ask this because there is an 'egg card' advertised on the front page as being 0% interest for 6 months, etc.. Just wondering if this is the same card or a seperate card egg do. If it is the same then I can pay off the amount I'm spending after 6 months instead of monthly!? Even better!

Egg offer two different credit cards now:
Egg Card - find out more
Egg Money - find out more

MrBen_4

grumbler wrote:

Egg offer two different credit cards now:
Egg Card - find out more
Egg Money - find out more

So Egg Money is the one I want, Cheers!

mr_fishbulb

I use an egg money card and have done since the beginning of jan. I've earn't £1.57 in cashback but have just seen that egg make cashback payments in March, only if the amount of cashback is over £5.

I don't think I'm going to spend another £350 on there before march so I've lost my cashback! :mad:

Little_Penguin_2

Fill_7 wrote:

the 2 things that put me off the amex card is the fact that its not widely accepted everywhere, and the most important fact is that i dont earn 20k to qualify for it!

AMEX Blue also gives up to 1% cashback (2% for new cardholders) and there are no minimum salary requirements. Most big stores and supermarkets take it, but some smaller shops don't which is always a disadvantage. It looks good though!

MrBen_4

mr_fishbulb wrote:

I use an egg money card and have done since the beginning of jan. I've earn't £1.57 in cashback but have just seen that egg make cashback payments in March, only if the amount of cashback is over £5.

I don't think I'm going to spend another £350 on there before march so I've lost my cashback! :mad:

Wow, that's useful to know. Do you know what the cut off day for spending is? I ask because I plan on making a £500 credit card purchase in the new week or so. The 1% cashback on this would be £5. If I loose this £5 because it's not over the required yearly amount of spending I may aswell delay my purchase untill after teh cut off date.