Credit card with cashback

givememoney

A friend was surprised I get cashback on my Barclaycard credit card.
To help her I've tried to find a comparison of credit cards with cashback but can't seem to crack it.

Anyone know the best credit card with cashback at the moment?

JES_F1

Have a look at these: https://www.moneysavingexpert.com/credit-cards/best-credit-card-rewards/

WillPS

The actual cashback options are:

Amex

Amex Plat Cashback Everyday - 0.5% on first £10k pa, 1% thereafter (must spend £3k pa to receive anything)

Amex Plat Cashback - £25 annual fee, 0.75% on first £10k pa, 1.25% thereafter

(These are both easily beaten by the Nectar offering, which works out as a flat 1% if you're happy restricting your redemption options to Sainsburys, Argos, Ebay and any other Nectar partners)

Mastercard/Visa

Natwest/RBS Reward Credit Card - £24 annual fee (waived if you hold a Reward Current Account), 1% at Supermarkets, 0.25% elsewhere

Lloyds/Halifax Cashback - no annual fee, 0.25% on first £4k pa, 0.5% thereafter

Co-operative Bank Members Credit Card - no annual fee, 1p for every £2 spent at Co-op Foodstores, 1p for every £3.33 elsewhere (works out as 0.3% but rounded down on a per transaction basis, so you won't achieve this unless you always spend in exact £3.33 chunks. Matters less on larger transactions)

Barclaycard Reward Credit Card - no annual fee, 0.25% cashback flat rate

(Unless your spend is heavily concentrated in supermarkets, all these options are easily beaten by the Barclaycard free Avios card, which pays 1 Avios per £, which you can convert to Nectar points and achieve an effective cashback rate of 0.66%, if you're hapy restricting your redemption options to Sainsburys, Argos, Ebay and other Nectar partners - plus a little risk if BA or Nectar pull the plug on conversion)

lr1277

There is also the Santander All in One card. £3/month fee, but 0.5% cashback irrespective of amount spent. But cardholder would need to spend a minimum of £600/month to begin offsetting the card fee. But if the card holder spends much more than that each month, there is a case for the card.

Also it has fee-free fx transactions.

WillPS

lr1277 said:

There is also the Santander All in One card. £3/month fee, but 0.5% cashback irrespective of amount spent. But cardholder would need to spend a minimum of £600/month to begin offsetting the card fee. But if the card holder spends much more than that each month, there is a case for the card.

Also it has fee-free fx transactions.

Good shout - spend of £1200/month minus £3 is effectively 0.25% cashback - so that'd be the threshold over which that card might be competitive (below that and you'd be better off with Barclaycard or Lloyds).

lr1277

WillPS said:

lr1277 said:

There is also the Santander All in One card. £3/month fee, but 0.5% cashback irrespective of amount spent. But cardholder would need to spend a minimum of £600/month to begin offsetting the card fee. But if the card holder spends much more than that each month, there is a case for the card.

Also it has fee-free fx transactions.

Good shout - spend of £1200/month minus £3 is effectively 0.25% cashback - so that'd be the threshold over which that card might be competitive (below that and you'd be better off with Barclaycard or Lloyds).

I don't disagree. However the Santander card also gives fee-free fx transactions. As someone who makes 12-15 fx transactions a year, that is something I am considering.

Like I said, it is a factor that could be thrown into the decision making.

TwiceNightly

So does the Barclaycard Reward card

WillPS

TwiceNightly said:

So does the Barclaycard Reward card

Indeed. If you're charging more than £1200/month and can utilise fee-free FX, Santander wins, otherwise Barclaycard does.

lr1277

Another possible factor in the decision making is the Santander is a Mastercard and the Barclays is a Visa.

As all my cards are Visa at the moment, the Santander Mastercard is of interest.