Credit Card Cashback - Which is best

rmanpaul

Good morning,

Who do you think ofers the best cashback on credit cards?

I've been looking to see what is the best option for me.

Currently I use a Sonycard which offers points in order to purchase Sony Products. I also have an AMEX nectar card, I have but don't currently use. If you spend over £500 and for every £500 they give you an extra 500 points. This to me seems a good option.

If anyone else knows of good options please add, I want to get the most for me.

rmanpaul

does anyone know that could help.

figgles

I've had a Capital One Mastercard card for about 18 months now, initially 4% cashback for the first 3 months and 1% now, paid annually in Jan. Did me a big favour that because the 4% was over Xmas plus I was using the card for business expenses and claiming them back so I made a few hundred quid the first year.

lisyloo

Good for you, but it won't help the OP if the card no longer exists.
Can you point to a link for this card?
I think it doesn't exist any more.

Amex is the highest at 5% for 3 months up to £100.
However it is not univesally accepted.
I also got some cashback from quidco but you' d have to check if that is still available.
The card is definitely still available and is called Platinum cashback credit card (make sure you apply for the right one).

It's best to get the card before high levels of spending e.g. purchasing a holiday or at Xmas or business trips.
However check out charges for payment of holidays.
It's not uncommon for there to be charges for paying for holidays by credit card and it can be higher for Amex, however it's often less than 5% so there can still be a benefit.

[Deleted User]

I'm using a Bank Of Scotland Cashback card, 1% on fuel and groceries, 0.5% on everything else.

tiff

Martin has an article on the best cashback credit cards, go to cards/loans tab at the top of the page.

martafdz

It's not exactly a cash back card, but my bank has a credit card that if you spend over 500 pounds per month gives you +2% interest quaterly in your savings account(or, and if you spend less you still can have +1%. It's only good if you do have a nice savings account, otherwise it's not really worth compared to others that give you cash back. It depends.

ylesia

I've got an Amex 5% card with an additional card for OH so up to £200 cashback (if we spend £4000 in 3 months!!)

Also managed to get 2% on my barclaycard for 6 months (they said I could probably have another 6 months if I called back). This card doesn't seem to be advertised but if you have a barclaycard that you are not using anymore then might be worth phoning up (that's how I got it).

lisyloo

It's only good if you do have a nice savings account

Bear in mind that a lot of people have to pay tax on interest.
not saying it's not a good deal, jsut that you have to take the 20% or 40% tax on your interest into account.

rmanpaul

Following this discussion I went ahead and got the AMEX Platium cashback, thanks