Best cashback card for 95% online purchases

Futuristic

Hi,

I have a ~average~ credit rating (with credit card from natwest/capital one currently) and currently earn around £16k P/A, I was wondering whats the best cash back card for mostly online purchases (mostly Amazon) and the odd shopping in stores.

I'm able to pay back every month in full so was thinking I could cancel maybe my capital one which has lower limit and use the cash back credit card primarily for purchases instead

Thanks

Aquamania

http://www.moneysavingexpert.com/credit-cards/cashback-credit-cards

Garnett_F

I'm looking for something very similar. The guide doesn't really answer that particular question.

It seems to me that the Amex card that the guide recommends is useless for online purchases and possibly pretty useless for much of my offline expenditure too.

On that basis, and given that the Santander card is very limited in what it offers, the only other card in the guide is the Capital One Classic Extra which offers 0.5% but is capped at a maximum of £1,500 limit.

Looking on the Uswitch website, the best card for me might be the Capital One Aspire Elite. It has a £120 annual fee, but pays 5% in the first 3 months (capped at £200 cashback, ie £1,333 monthly spend) and then 1% on spending afterwards until you spend £15,000 on it in a year, and after that remain spending gets you 2% cashback (up to £50,000 annual spend)

dizzydoll

The OP says they earn about £16k p.a.

Hopefully they are not planning on spending anything like £15k a year on a credit card.

I therefore think the suggestion of paying £120 p.a. for a credit card in such a situation is not going to be the best option for the OP.

lizifee

Used to do a deal when you open a new card where you could have a money transfer - so if you have debts to pay that don't exist on another card, you just get the money straight into your account.

the tx fee was a little higher at 4% but they did a 0% interest for a period of time on new cards, including on money transfers so it's worth checking if they still do this - I don't know how many other companies do.

Garnett_F

dizzydoll wrote: »

The OP says they earn about £16k p.a.

Hopefully they are not planning on spending anything like £15k a year on a credit card.

I therefore think the suggestion of paying £120 p.a. for a credit card in such a situation is not going to be the best option for the OP.

I can't see anyone suggesting that for the OP.

The the Capital One Classic Extra I mention (which I said wasn't great for me) is probably the OP's best bet.

ricky_v

Garnett_F wrote: »

the only other card in the guide is the Capital One Classic Extra which offers 0.5% but is capped at a maximum of £1,500 limit.

You can spend more than the credit limit in a statement period if you make manual payments to keep the balance under the limit. The cashback is unlimited.

Spending more than £1500 in 1 transaction, however, is a different story.

Futuristic

Garnett_F wrote: »

I can't see anyone suggesting that for the OP.

The the Capital One Classic Extra I mention (which I said wasn't great for me) is probably the OP's best bet.

Thanks, I decided to go with this and probably will be fine for a few years before I have 20k p/a and look into AMEX.