We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Cashback Cards

I didn't even know these existed until I started using this site. Would I qualify to get one?

I only have a Vanquis Card atm used to build up credit. I dont have much credit history but have never missed a payment. Currently earning 10k a year alongside a course.

I spend approx £200 a month on fuel / food. 60 / 40.

What casbacj credit card am I likely to be accepted for with decent rates? And how much am I likely to earn off one?

Comments

  • ironlady2022
    ironlady2022 Posts: 1,571 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Cashback and reward cards are saved for people who have a long credit history and a near perfect credit file. Dependant on how long you have had your Vanquis, I would move onto a more mainstream card before applying for the above.
  • Mr_K
    Mr_K Posts: 1,171 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Car Insurance Carver!
    They're only worth it if your paying the account off in full every month. Otherwise any interest charged makes the cashback irrelevant. I've made several hundred pounds out of these over the years so they are worth it , but only if you're not using the card for credit/borrowing.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.