No decent cash back CCs????

PJD

I've been using cash back credit cards for as long as I can remember, - my current MBNA one has just changed so I won't be getting anymore cash back on that... and all the ones which are currently on offer at the moment have annual fees... - isn't there any decent free ones available anymore?

thebritishbloke

The AmEx Platinum Everyday Credit Card has no annual fee and has cashback.

InsideInsurance

Amex Platinum Credit Card if you spend enough to make the fee worth while. The Everyday version of it if you are a low spender and so sacrifice cashback rate for no fee.

For non-AmEx cards then Capital One still have a couple of fee or free options though the Aspire World isnt around for personal customers anymore.

Just look here:http://www.moneysupermarket.com/credit-cards/cashback/

PJD

THanks for that

thebritishbloke

IIRC, the Platinum fee-paying card becomes worthwhile when you spend at least £4,500 p.a.

Luke

PJD
I've just cut and paste something I said in another cashback thread.

The fee free Amex pay 0.05% upto £3500 thats £17.5 cashback

On the first £3500 the fee paying card pays 1.25% thats £43.75 cashback.

£43.75 - £25 fee = £18.75 still better than the free card.

You are in profit at the £3500 level.

Luke

I should also say on Amex with the 5% for the first 3 month if you spend £500 a month that is £75. you have effectively covered 3 years worth of fees in 3 months

don2345

Also you can get £25 back via quidco as well

bsms1147

Luke wrote: »

PJD
I've just cut and paste something I said in another cashback thread.

The fee free Amex pay 0.05% upto £3500 thats £17.5 cashback

On the first £3500 the fee paying card pays 1.25% thats £43.75 cashback.

£43.75 - £25 fee = £18.75 still better than the free card.

You are in profit at the £3500 level.

I think you win with the paid card at the £3333 level.

Interestingly you need to spend at least £3000 in a year to get any cashback at all on either card, so the free card is only better if you spend between exactly £3000 and £3333.

Luke

bsms1147 wrote: »

I think you win with the paid card at the £3333 level.

Interestingly you need to spend at least £3000 in a year to get any cashback at all on either card, so the free card is only better if you spend between exactly £3000 and £3333.

You are right right I was just being lazy.
I actually applied for the free card at one point as I read articles and they suggested you needed to spend £10,000 for the fee paying card to be worth it. I tapped a few numbers in my calculator and found it to be a case of the blind leading the blind. (Amex did let me swap)

Krash420

Luke wrote: »

(Amex did let me swap)

Good to know, I plan to take out the fee paying one, and then exchange it for a non-fee one a year later if I find I'm not able to use the card i many places.