Best Cashback Cards Article Discussion Area

donal_f

Although its probably for higher spenders (and probably works best for a couple/family), I find the Virgin Atlantic card to be a good deal. The annual fee is £115, but you get two Virgin airmiles for each £1.

So over two years, if you spend £45,000:
You Pay: £230
You get 90k miles - enough for a return Upper Class flight to the US (and Virgin Upper Class is a fantastic experience) - worth £2,000 to £3,000.

So, if you assume you get a £2,000 flight and have paid out £230 - that's still £1,770 back - so 3.9% cashback effectively - a very good deal?

I think this really only works for higher spenders because if you only use it for economy flights (45,000 miles to the US), you're only getting a flight worth £200 or £300 and also the £115 also becomes more significant.

Just a thought.

Hemel_Saint

neoistheone wrote: »

There are lots of loop holes in the url's, the link is still live so you can get 2% cash back also if you are in for a quick spend you can get 4% until October but again this is not listed on the main site - cick on this link for a deal as it is as good or if not better than Amex (plus Barlcaycard is accepted everywhere)

:beer:

http://www.barclaycard.co.uk/barclays_landing/platinum440b.html?TC=EXGLA14013

Neoistheone (Mr Matrix)..... Thanks for sharing the Barclaycard link.

I have used it and applied for the 4% cash-back.
I was approved on-line in 30 seconds...

I will let you all know if it turns out to be the 4% or another card/rate.. (not that I don't trust Barclaycard much, ahem!!)

A couple of points / watch-outs...
- It states that there is no Annual fee. good!
- It also states that the Cash-Back is a Max of £30 per month. not good!!!!!

Now if my Maths is right (and to be honest I am pretty dodgie with numbers!!!) that means a max spend of £750 a month!!!! So it will mean some tough regulation by the wife here, as she tends to go over that! number... regularly!!!!!! gggrrrrrr!!!

Any more tips and info from anyone else...

cheers
Mark

Volcane

Also remember (if it's any issue to you) that there is a difference how cashback works on Egg cards when compared to Barclaycards :

1) Egg pay you back the cash back accumulated over the year as one "lump sum" payment in March.

2) Barclaycard deduct it from the monthly bill (eg. if you spend £100.00 in a month on the 4% cashback offer your net statement value is £96.00 instead) you don't actually "receive" the cash at all.

It may be an issue to you as many people move their Egg cashback to a savings account whereas this would not be possible with Barclays.

IvanOpinion

Hemel_Saint wrote: »

Any more tips and info from anyone else...

Ivans tip #25: to reduce spending on credit card try handcuffing wife to bed

ivan

selimap

I just applied for a Capital One cashback card on the basis of this site information which stated:
"The Capital One* Cashback World Mastercard pays 4% cashback (4p per £1 spent) on all spending until 1 August 2008. This is capped at £60 monthly, meaning if you spend over £1,500 in one month, the extra won't be earning any cashback; make sure you have a back up card if this is likely to be the case. After three months it pays a flat 1% rate."

However, I now discover that only the first £1500 spend per month gets cashback even after the introductory period. I don't think you make this at all clear. In effect, this is capped at £18k, and most likely less as spending patterns are often uneven (big purchase one month, none the next) so it's less good than several other cards.

Hemel_Saint

Volcane wrote: »

Also remember .......

2) Barclaycard deduct it from the monthly bill (eg. if you spend £100.00 in a month on the 4% cashback offer your net statement value is £96.00 instead) you don't actually "receive" the cash at all.

It may be an issue to you as many people move their Egg cashback to a savings account whereas this would not be possible with Barclays.

Volcane, Thanks for pointing this out.
I was not aware that we do not get the actual cash back, however If I understand you right:-
...with Barclaycard; we get the 4% removed from the bill, meaning our purchases have all got 4% discount.... so we pay Barclaycard each month less the 4%. is that right, or have I got it all wrong...???
If thats the case, it seems OK to me.

Mark

Volcane

Hemel_Saint wrote: »

Volcane, Thanks for pointing this out.
I was not aware that we do not get the actual cash back, however If I understand you right:-
...with Barclaycard; we get the 4% removed from the bill, meaning our purchases have all got 4% discount.... so we pay Barclaycard each month less the 4%. is that right, or have I got it all wrong...???
If thats the case, it seems OK to me.

Mark

Yes, you've got it absolutely spot on.

melbury

Hemel_Saint wrote: »

Volcane, Thanks for pointing this out.
I was not aware that we do not get the actual cash back, however If I understand you right:-
...with Barclaycard; we get the 4% removed from the bill, meaning our purchases have all got 4% discount.... so we pay Barclaycard each month less the 4%. is that right, or have I got it all wrong...???
If thats the case, it seems OK to me.

Mark

Have looked on their site, but can't see anywhere if there is an annual fee with card - does anybody know?

I am currently with Morgan Stanley/Goldfish who are about to start charging me a £20 annual fee, which I don't like.

hansi

melbury wrote: »

Have looked on their site, but can't see anywhere if there is an annual fee with card - does anybody know?

I am currently with Morgan Stanley/Goldfish who are about to start charging me a £20 annual fee, which I don't like.

if you don't like it - ditch it, loads of fee-free cards out there!

St_George_5

As I am earning under £20,000 is it fair to assume that egg would be the best cashback card for me?