Cashback + Travel card?

With recent changes to the Barclaycard Cashback Amex / Visa product, I've been considering switching card providers. I have two cards with Barclaycard (Platinum Travel and 0.5% Cashback Visa). What I've been looking for, is a single card that provides both some level of CashBack / Reward and 0% foreign currency fees. Does anyone have recommendations? What I've found so far is ...

Nationwide Select credit card:
- 0.5% cashback (but only on sterling transitions)
- 0% foreign currency transactions (but you get no cashback)

Aqua Reward credit card:
- 0.5% cashback on all purchases (but limited to £100 annually)
- 0% foreign currency transactions
- Comes with 34.9% interest

Any other options people would recommend I look at?

The interest rate on the Aqua card is putting me off the product (even though I pay my cards in full every month, I don't want to get caught out on the off chance I accidentally miss a payment for whatever reason).

Comments

  • System
    System Posts: 178,065
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    The Nationwide is only available to members with other products, so is probably a loss leader.

    The Aqua is probably hoping you'll borrow at circa 35%, otherwise is likely a loss leader.

    Remember, the issuer will only get 0.3% maximum in Europe and is likely to be charged about 1% outside Europe by the card scheme for card transactions.
  • peter_333
    peter_333 Posts: 123
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    Heng_Leng wrote: »
    The Nationwide is only available to members with other products, so is probably a loss leader.

    The Aqua is probably hoping you'll borrow at circa 35%, otherwise is likely a loss leader.

    Remember, the issuer will only get 0.3% maximum in Europe and is likely to be charged about 1% outside Europe by the card scheme for card transactions.

    I'm a Nationwide member and seemingly meet the Select card criteria.

    My assumption is that these cards are always a loss leader for the providers, but if I can be careful with my spend and pay off in full each month, I should be on the winning side of the arrangement.

    My hope is largely just to simplify my wallet with a single card product that provides the benefits of both my Cashback and Travel Barclaycards, but maybe I'm hoping for too much.
  • eDicky
    eDicky Posts: 6,521
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    peter_333 wrote: »
    My hope is largely just to simplify my wallet with a single card product that provides the benefits of both my Cashback and Travel Barclaycards, but maybe I'm hoping for too much.
    Don't rely on a single card for travel, take a free Monzo or Loot prepaid card as backup.
    Evolution, not revolution
  • peter_333
    peter_333 Posts: 123
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    eDicky wrote: »
    Don't rely on a single card for travel, take a free Monzo or Loot prepaid card as backup.

    I'll check out Monzo and Loot, but I travel for a living, and am well covered with more cards than any one person reasonably needs. Hence my desire to simplify these two Barclaycards into a single competitors product. :)
  • System
    System Posts: 178,065
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    peter_333 wrote: »
    I'll check out Monzo and Loot, but I travel for a living, and am well covered with more cards than any one person reasonably needs. Hence my desire to simplify these two Barclaycards into a single competitors product. :)

    You'll need to do the calculations.

    If you are travelling for living then the forex shouldn't be an issue - this should be absorbed by your employer.
  • peter_333
    peter_333 Posts: 123
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    Heng_Leng wrote: »
    You'll need to do the calculations.

    If you are travelling for living then the forex shouldn't be an issue - this should be absorbed by your employer.

    I'm self-employed, so I'm absorbing the FX fees. :)
  • System
    System Posts: 178,065
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    peter_333 wrote: »
    I'm self-employed, so I'm absorbing the FX fees. :)

    It's still a legitimate business expense like other bank charges.
  • peter_333
    peter_333 Posts: 123
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    Heng_Leng wrote: »
    It's still a legitimate business expense like other bank charges.

    Legitimate or not, it's still an expense. It still cuts into my bottom line.
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