Is Amex still the best cashback credit card?

MariaElen1

Recently received my statement through the post and on the cashback termsand conditions it now states that "no rebate payment will be made if, in the 12 months preceding your card Anniversary date, the amount of rebate earned totals less than £25." Last year it was £12 and I missed out because I earnt £11.57 which I subsequently lost. How much will I have to use my card to earn this cashback? Or is it worth changing to another card as it is not accepted at a lot of shops? Please help. Thank you

lisyloo

How much will I have to use my card to earn this cashback?

What rate of cashback are you on?
It's about £4500 I think.
(£3500 tier at 0.5%, then 1%, but remeber AMEX only do cashback on £s and not ps).

Or is it worth changing to another card as it is not accepted at a lot of shops?

Amex is accepted at loads of places but you do need a back up.
AMEX is great during the 5% promotional period, but if you are out of that you are probably on 0.5% and can get better cashback elsewhere.

I generally close mine down and then get a new one 6 months later at 5%.
I generally try to get one before a high spending period like Xmas to get the best of the 3 monhts promotional period.

anna42hmr

do you spend much on your card? and do you have a halifax current account? If so you could look at the relatively new Halifax Rewards Clarity Card, as they pay £5 cash back for each month you spend £300 a month on the card?

ironlady2022

Go for Clarity, just spend up to £300 and you get £5. Based on this the cashback rate is 1.66% Anything over, look for a back up cashback credit card.

MariaElen1

Thank you.

Lisyloo-I'm on 0.5% which is rubbish. Have been spending lots on it recently being Xmas but generally £200 a month on petrol and food. Which one are you on?

Anna42hmr-I do have a Halifax current account and an ISA with them too. they seem to be having good offeres on at the moment. Thank you

mayling03- £300 will prob cover it as spend mainly on petrol and food. Thank you will try that