Help - Which of my Credit Cards offers me the best Rewards ??

Ryan101

Hi,
Quick question in the hope that someone who knows what they are talking about can look this over and say ‘That’s the best card to use because...’.

Background:

I have 4 ‘Reward Type Credit Cards:

1) HSBC - 2 Reward Points per £1 spent (3 Reward points per £1 abroad) - Annual fee £195. *** See Note Below ***
2) Barclays Cash Back - 1% Amex and 0.5 % Visa – No annual fee.
3) Lloyds Premier Duo Amex / Mastercard. - 1.25 Avios per £1 spent on Amex, and 1.25 Avios per £5 spent on Mastercard – No annual fee.
4) Natwest Black Rewards - 1% Supermarkets and Contactless and 0.5 % elsewhere – No annual fee.


Now assuming on average a £3000 spend per month, would equal:

1) 6000 Reward points on HSBC, 1,500 points gets you a £5 voucher, 3,000 points gets you a £10 voucher etc (Vouchers can be used at Morrison’s, Sainsbury’s, boots etc.
2) £27.50 Cashback from Barclays (Assuming £2500 on Amex and £500 on Visa Per month), the places I use the most do take Amex so I might win on this one.
3) 3250 Avios Points from Lloyds, I don’t really fly, but they can be used for days out and holidays, redemption rate is 10,000 avios = £50.
4) NatWest assuming £1500 on shopping and £1500 elsewhere (£3000 a month spend) would equal £22.50 cashback.

So to me it looks like Barclaycard is the better deal ?, but not 100% sure.

*** HSBC Currently has the following deal on this card:

40,000 reward points - when you spend £2,000 on your card in the first 3 months of card membership.

And

40,000 reward points - when you spend £12,000 or more on your Card within the first 12 months of card membership.

But all comments gratefully received as there may be hidden or other benefits to these cards which would make one of them a better deal.

Please note I don’t want to take out any other card I just want the best one of what I have already got.

Thanks.

gettingthere28

Barclaycard I would say, its 1% Cashback and no fee.

eskbanker

Ryan101 wrote: »

But all comments gratefully received as there may be hidden or other benefits to these cards which would make one of them a better deal.

Please note I don’t want to take out any other card I just want the best one of what I have already got.

This request is remarkably similar to the one at https://forums.moneysavingexpert.com/discussion/5504649, have you ever considered researching competing products before signing up to them?!

jonesMUFCforever

Whatever you decide to do - make sure you can actually use the rewards.
It is fine to collect thousands of say Avios points but then find you can't use them for the flights you want or the nights you need for a hotel stay.

I agree with Barclaycard - 1% for the Amex part 0.5% for the Visa with the cashback paid back once a year (or I think you can ask them to pay it at anytime)