Credit card cashback

I have MBNA card paying .5% is there any better. Not AMEX as many companies do not accept. BDT
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  • daivid
    daivid Posts: 1,203
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    Don't think so, the 'good old days' of CC cashback whimpered out years ago.
  • FaceHead
    FaceHead Posts: 737
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    Agree that .5% is the going rate for non-amex. 
  • sharsky53
    sharsky53 Posts: 18
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    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
    jbrassy Posts: 642
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    You won't find a non-Amex card paying more than 0.5% cashback nowadays. I would treasure that MBNA card.
  • sharsky53
    sharsky53 Posts: 18
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    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
    jbrassy Posts: 642
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    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
    Nebulous2 Posts: 5,066
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    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
    MDMD Posts: 1,414
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    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
    lisyloo Posts: 29,537
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    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
    SomeMadeUpName Posts: 351
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    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?
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