Credit card cashback

basied

I have MBNA card paying .5% is there any better. Not AMEX as many companies do not accept. BDT

daivid

Don't think so, the 'good old days' of CC cashback whimpered out years ago.

FaceHead

Agree that .5% is the going rate for non-amex. 

sharsky53

Let me know which MBNA card that is. No other cards are paying that apart from AMEX. I made 6 transactions last week and 4 of them would not accept Amex. Yes the cashback is market leading but I reckon 25% of my transactions have to be with my Mastercard backup.

jbrassy

You won't find a non-Amex card paying more than 0.5% cashback nowadays. I would treasure that MBNA card.

sharsky53

Yes it is gold. My backup is an Amazon card paying 0.25% in Amazon pts and a crap credit limit 7 times less than Amex. How can you pay for a holiday with that? (even if you could go on a holiday!) TUI don't accept Amex to name but 100.

jbrassy

I got a Capital One card back in 2015 which pays 0.5%, but the credit limit is only £2,000 compared to the £22,500 I have with Amex. Capital One refuse to increase the limit as well. I got a Barclaycard last year with pays 0.25% cashback with a £3,500 limit which I use for holidays abroad. The limit is fine, but I'm slightly worried given the recent news that they might slash that. 

In fairness, a lot of places do take Amex nowadays so I've never really had any problems, but having a decent back-up is important.

Nebulous2

Most of the 0.5% cards would be historic deals. I get that on a Barclaycard I have held for a long time.

Santander is offering 0.5% cashback, free balance transfers and purchases for an initial period, with the catch being it is £3 a month. Could be worth it on a high spend although I only get £40 - 50 a year on my Barclaycard. £36 in fees would wipe most of that out. 

MDMD

Nebulous2 said:

Most of the 0.5% cards would be historic deals. I get that on a Barclaycard I have held for a long time.

Santander is offering 0.5% cashback, free balance transfers and purchases for an initial period, with the catch being it is £3 a month. Could be worth it on a high spend although I only get £40 - 50 a year on my Barclaycard. £36 in fees would wipe most of that out. 

You can get £20 cashback via topcashback on that card at the moment. Will offset some of the fee.

https://www.topcashback.co.uk/santander-all-in-one-credit-card/

lisyloo

I used to be fairly anti-Amex. It has improved in recent years for a couple of reasons
1) online you can often use PayPal (note you lose Amex protection and get PayPal protection)
2) markets including food markets often use a system called IZ (small white keypad). This system takes Amex.

You still need a backup though

SomeMadeUpName

I hadn't realised the cashback rates had got so poor/difficult to find. 

I have a historic Barclaycard paying 0.5% (which I only use for £100-£200pcm) an Amex paying 0.5% (which I never use anymore) and a NatWest Rewards card paying 0.5% except supermarket which is 1% (which I use for £1k-£2k pcm) that last one though has a £99 fee (from memory) but that's refunded as I have NatWest Rewards current account.

The big winner though is that I have a Capital on Tap corporate card that, whilst it is in the name of my Ltd Co, is personally guaranteed by me as a director (meaning it's not too hard to get, and the limit is good). That pays the business 1% and we use it for £40-£50k pcm, putting over £5k pa back on our bottom line.

Point being that if business cards can do it, then why can't personal cards?