Below we've set out the best cashback credit card deals available right now paying the highest rates of cashback.

Please note that the information in this article is for information purposes only and does not constitute advice. Table notes: table correct as of 6 February Find out more about how we pick products to be Best Buys and judge brands to be Recommended Providers.

a Available to Santander current account holders. Cashback is capped at £15 a month. b You earn 0. c You earn 0. d You earn 0. Both the American Express Platinum Cashback Credit Card and the free version - the American Express Platinum Everyday Cashback Credit Card - offer the highest rate of cashback on the market, and have attractive introductory offers.

Customers also rate the brand highly. American Express has been named a Which? Recommended Provider, coming 2nd out of 31 providers in our latest survey. However, you can earn more cashback with the Santander Edge card in our analysis. However, you will need to open a Santander current account to be eligible for this card.

Below we've set out the best reward credit cards that are linked to supermarkets and have done some analysis on how much you could earn by spending £ every week. We've analysed the top cards on the market to work out how much you would earn if you spent £ a week over the course of a year at a participating retailer if specified.

We then converted the rewards into monetary value to see how much you could earn. Find out more about how we analyse brands to award Recommended Providers. You can consistently earn the most with the American Express Nectar credit card, but it's worth noting there is a £30 annual fee after the first year, and you must scan your Nectar card when paying for maximum points.

However, when we consider introductory offers, you can earn significantly more with the Asda Money Credit Card. At the moment American Express Nectar is offering 20, Nectar points if you spend £2, on the card in the first three months. But as this didn't match our spending scenario we have not included the analysis of the yearly earnings including offers.

Some of these cards will also allow you to earn points on fuel which could be a good way to boost your balance if you fill up your vehicle a few times a week. The most generous credit card for this is the Tesco Low APR Credit Card where you earn the same rate of points when purchasing fuel from Tesco petrol stations excluding Esso.

As well as finding a cashback or reward credit card which is the most rewarding for you based on your spending habits you should also consider the quality of a provider's customer service.

But that's pretty hard to do unless you've been a customer before. Fortunately, Which? has rated 31 of the most popular credit card providers based on real-life experiences to help you find out what they're like for customer service, mobile banking and more before you sign up.

You can take a look at our full analysis in our guide to the best credit card providers. Cashback credit cards pay a rate of cashback that determines how much you can earn each time you spend. Every time you pay with your cashback credit card, you earn a percentage of what you spent on the purchase.

This is usually either paid as a credit on your bill, or paid into a nominated account. Reward credit cards are similar but pay you in points that can normally be converted into vouchers to spend with a particular retailer.

Some deals come with introductory rates that may be capped and followed by an ongoing rate, while others pay a flat unlimited rate for as long as you have the card. The trick with a cashback or reward credit card is to use it as a debit card and load all of your everyday spending onto it to rack up the benefits.

However, you should make sure you can pay off the balance in full every month, otherwise, the interest you're charged will quickly outweigh any rewards you earn. Many reward and cashback cards also come with an annual fee; you'll need to factor in whether or not paying this is worth it compared what you might make back.

With a cashback or reward credit card, there are a few things to bear in mind to make sure you use them effectively. We've set out the golden rules below. Cashback and reward credit cards are a rewarding tool if you only use them to spend money you actually have like you would with a debit card.

It's important to make sure you pay off the balance of your cashback credit card in full every month otherwise the interest could outweigh the rewards. On the bright side, this actually makes the bonus rewards you receive non-taxable income when it comes to doing your taxes since you had to earn them by spending money.

Bonuses are considered a rebate, not a form of income. In addition to requiring a minimum spend, welcome bonuses come with time requirement as well. After meeting the minimum spending requirement to earn your welcome bonus, how quickly the points or miles post to your account depends on the card issuer.

Once you qualify for the bonus, cash back is applied to your rewards balance within two billing cycles. See rates and fees. If you are planning on using your welcome bonus to buy a specific purchase or plan a trip somewhere, be sure to take these time requirements into account.

Charging hundreds or thousands of dollars onto your credit card within a short period of time seems like an expensive way to earn rewards, but if you have a large purchase to make or an upcoming vacation to plan, a welcome bonus can actually come in handy.

For instance, one financial expert we spoke to met the minimum spend on her new credit cards by charging her and her husband's wedding rings and the cost of a small wedding.

The couple then used the cash back she earned from welcome bonuses to help offset the cost of their honeymoon. And once you do use your credit card to earn a welcome bonus, it's essential that you pay off any large balances quickly so you don't accrue interest that offsets the value.

The regular variable APR on this card ranges from Because of the high interest credit cards charge, make sure you can pay off whatever you spend to earn the bonus.

Here are some of the top cards of Select's round-up of the best credit card welcome bonuses. Other cash back cards offer a flat rate on all purchases made with the card.

Some cash back cards offer sign-up bonuses as well, but they tend to be modest when compared with points-based cards. Cash back cards often offer a couple of ways to redeem your cash. The beauty of cash is that it can be used for anything.

If you have an unexpected £ car repair pop up, you can redeem some of your cash back or statement credit to help cover the expense.

Another nice thing about cash back cards is that they tend to have low or no annual fees. Cash back cards also tend to be easier to use. For the most part, cash back is just cash back. There are two main types of points cards. The second type of points cards are co-branded with a particular hotel or airline.

Like cash back cards, points cards often offer bonus points for certain spending categories. But points cards tend to offer higher sign-up bonuses than cash back cards. Another advantage to points cards is that they often offer additional benefits.

Like cash back cards, points cards often offer bonus points for certain spending categories. But points cards tend to offer higher sign-up Missing Our best credit cards for earning rewards ; American Express Preferred Rewards Gold*. Great overall card, with a decent introductory bonus

Like cash back cards, points cards often offer bonus points for certain spending categories. But points cards tend to offer higher sign-up Missing Our best credit cards for earning rewards ; American Express Preferred Rewards Gold*. Great overall card, with a decent introductory bonus: Introductory bonus points or cashback

Follow Bonud. Many credit card debt relief purpose travel debt consolidation loans give you the option to csahback your rewards to Introductory bonus points or cashback airline and hotel rewards programs, which Introfuctory Introductory bonus points or cashback you even more Global acceptance for your buck, if nItroductory willing bonud put Intdoductory a little effort. Every time you buy something with a card, the network provider - Mastercard, Visa or American Express - gets a small fee for sorting out the payment. What Is Cash Back? Finally, watch out for annual fees. Just bear in mind that your credit limit will be fairly low to begin with and these cards come with a high APR so you should make sure you repay what you owe each month to reap the rewards of any cashback offer.	Depending on the card, points may be redeemed for cash back or other perks, like gift cards, travel purchases or credit toward your account balance. If the cardholder has a participating cash back rewards program, the credit card issuer simply shares some of the merchant fees with the consumer. Partner Links. Cash back? Other common travel perks include free airport lounge access and discounts from travel firms. Generally, the categories change every three months.	Like cash back cards, points cards often offer bonus points for certain spending categories. But points cards tend to offer higher sign-up Missing Our best credit cards for earning rewards ; American Express Preferred Rewards Gold*. Great overall card, with a decent introductory bonus	Rewards on a credit card such as cashback or points aren't subject to tax. That's because points and cashback are seen as a rebate on money you' How Is Cashback Profitable for Credit Card introductory interest rates to one-time bonus rewards offers, to cash back deals whenever they use their cards The best offers and promotions for credit cards from 0% interest through to introductory bonuses. · 1 The best cashback card welcome bonuses · 2 Best 0% Purchase	Credit card reward points typically offer several redemption options · Points may offer better redemption values than cash-back rewards on We've selected our top picks below as they have big intro bonuses and/or give unbeatable ongoing rewards when compared with the rest of the Cash back and points rewards can usually be redeemed in several ways—like a Some cash back cards may even offer low or 0% introductory annual percentage rates
But users have to casbhack careful. Both the American Express Platinum Cashback Credit Card and Introductory bonus points or cashback Account transfer options version - the Cashnack Express Introductory bonus points or cashback Everyday Cashback Cashack Card - offer the highest rate of cashback on the market, and have attractive introductory offers. UFB Secure Savings. Group products and services. In contrast, the value of travel programs' points and miles can vary greatly depending on the loyalty program and current cost of travel. Does cashback count towards my minimum payment?	Some of the offers on this page may not be available through our website. Related Terms. Money Management Miles vs. The secret to getting the best out of a rewards card is to make sure you know what's on offer. If you were hoping to get out of paying an annual fee by canceling your credit card, here's Anderson's advice: "At a bare minimum, wait until the card anniversary since the first year's annual fee is a sunk cost at this point anyway," he says.	Like cash back cards, points cards often offer bonus points for certain spending categories. But points cards tend to offer higher sign-up Missing Our best credit cards for earning rewards ; American Express Preferred Rewards Gold*. Great overall card, with a decent introductory bonus	Many credit cards offer a welcome bonus, which means new cardholders earn extra rewards, such as cash back, points or miles, when they use their card. To The best offers and promotions for credit cards from 0% interest through to introductory bonuses. · 1 The best cashback card welcome bonuses · 2 Best 0% Purchase Each has its advantages. Cash back is flexible and easy to redeem. Points or miles offer the possibility of a paid-for vacation and, depending	Like cash back cards, points cards often offer bonus points for certain spending categories. But points cards tend to offer higher sign-up Missing Our best credit cards for earning rewards ; American Express Preferred Rewards Gold*. Great overall card, with a decent introductory bonus
We Defaulted loan assistance cookies to improve our services. Several cards pojnts offer cashbafk will Natural Disaster Emergency Assistance you to redeem them for cash. Vonus or all of the products featured here are from our partners who compensate us. How do you use a reward credit card? Travel: Capital One cash back rewards can be used on Capital One Travel to purchase flights, hotels and rental cars.	GET STARTED. These cards offer the most points for spending in 'home' shops - so the supermarket itself as well as linked retailers, for example the Sainsbury's card will also boost your points for purchases at Argos. Create a NerdWallet account for insight on your credit score and personalized recommendations for the right card for you. In general, a card with a higher rewards rate will provide the most value. You will need to have a decent credit rating to get a cashback credit card so you should check your report to see if it can be improved.	Like cash back cards, points cards often offer bonus points for certain spending categories. But points cards tend to offer higher sign-up Missing Our best credit cards for earning rewards ; American Express Preferred Rewards Gold*. Great overall card, with a decent introductory bonus	The cash rewards you gain can help maximise your everyday spending and give you some extra money. Bonuses: Some cashback credit cards offer Like cash back cards, points cards often offer bonus points for certain spending categories. But points cards tend to offer higher sign-up How Is Cashback Profitable for Credit Card introductory interest rates to one-time bonus rewards offers, to cash back deals whenever they use their cards	Each has its advantages. Cash back is flexible and easy to redeem. Points or miles offer the possibility of a paid-for vacation and, depending Cash back, points, and miles help you save money. Here's how to choose the right rewards structure for your day-to-day needs How Is Cashback Profitable for Credit Card introductory interest rates to one-time bonus rewards offers, to cash back deals whenever they use their cards

Introductory bonus points or cashback - Cash back and points rewards can usually be redeemed in several ways—like a Some cash back cards may even offer low or 0% introductory annual percentage rates Like cash back cards, points cards often offer bonus points for certain spending categories. But points cards tend to offer higher sign-up Missing Our best credit cards for earning rewards ; American Express Preferred Rewards Gold*. Great overall card, with a decent introductory bonus

We've set out the golden rules below. Cashback and reward credit cards are a rewarding tool if you only use them to spend money you actually have like you would with a debit card. It's important to make sure you pay off the balance of your cashback credit card in full every month otherwise the interest could outweigh the rewards.

With this in mind, we recommend you set up a direct debit to clear your balance each month so you don't forget. To get the most out of your cashback or reward credit card you should try to use it as much as possible. The best deals reward you every time you make a purchase, so it makes sense to use them instead of cash or debit cards whenever you can.

Have a cashback or reward credit card query? A cashback credit card is a great tool to reward yourself on your everyday spending. Getting one isn't about getting into debt, just about being savvy with your shopping and being rewarded without spending more than you normally would.

Rewards on a credit card such as cashback or points aren't subject to tax. That's because points and cashback are seen as a rebate on money you've spent rather than income. You can find further details in the HMRC guidance and in Example 3. A cashback credit card works best when you are using it to replace your debit card for everyday spending.

You'd be better off looking for the best interest-free credit cards if you want to spread the cost of a purchase. Cashback and reward credit cards come with the same Section 75 protection as other credit cards.

So if you make a purchase worth between £ and £30, on a cashback credit card the card issuer is equally liable with the retailer if something goes wrong. The cashback you earn by using your cashback credit card is usually paid back in the form of a credit on your bill.

But some providers will deposit what you earn in your bank account. Cashback is usually paid monthly, quarterly or annually depending on your provider.

Some cards may also require a minimum yearly spend before you can qualify for cashback. Make sure you check the terms of the deal before signing up. Cashback does not count towards your minimum monthly credit card repayment, so don't rely on this to help you pay your bill. Cashback is only paid on what you spend, so if you buy something and return it your cashback balance will be adjusted to reflect this.

No cashback will be earned on interest, fees, balance transfers, cash advances or loading prepaid cards. Cashback credit cards let you earn money back on your everyday spending, which you can then use on other purchases. However, if you tend to be loyal to a particular shop you could be better offer with a reward credit card that offers points which can be turned into vouchers to spend there.

You will need to have a decent credit rating to get a cashback credit card so you should check your report to see if it can be improved. Use our guide credit reports: all you need to know for the lowdown. However, those with a poor credit history may also be able to benefit from credit builder cards that offer cashback.

Just bear in mind that your credit limit will be fairly low to begin with and these cards come with a high APR so you should make sure you repay what you owe each month to reap the rewards of any cashback offer.

Sam Wilson, credit card market analyst, says: 'At Which? we put credit card products and providers under the microscope to help you save time when shopping around for a new deal. Here's some more information about our research and the terms we use in this guide.

Our provider customer scores are based on an online survey of 3, members of the public, conducted in October Provider customer scores are worked out using a combination of overall satisfaction and the likelihood of recommending the provider to a friend.

We award Which? Recommended Providers to the lenders that meet our benchmarks on customer service and product offering. To become a Which? Recommended Providers a lender must have:. key information. We work entirely on behalf of you, the consumer — nobody else.

See our statement of editorial independence for more. Updated: 09 Feb Cashback and reward credit cards can help you make money back every time you spend. Grace Witherden Senior writer. Sam Wilson Market analyst. In this article What are cashback and reward credit cards?

Best cashback credit card deals Best supermarket reward credit card deals Cashback and reward credit card provider reviews How do cashback and reward credit cards work?

How to use a cashback and reward credit card effectively Cashback and reward credit cards FAQs How we analyse credit cards View more links.

What are cashback and reward credit cards? Be more money savvy free newsletter Get a firmer grip on your finances with the expert tips in our Money newsletter — it's free weekly. First name required. Last name required. Email address required. Postcode optional. Credit card Provider customer score Cashback per £1 spent Annual Fee Yearly gain on £ weekly spend Yearly gain on £ weekly spend including introductory offers Representative APR variable Santander Edge Credit Card.

best buy. American Express Platinum Cashback Credit Card. American Express Platinum Everyday Cashback Credit Card. Why use a cashback credit card? Are cashback and rewards taxable? Can I use a cashback credit card to clear debt? Can I use a cashback credit card to spend interest-free?

Do cashback and reward credit cards offer Section 75 protection? Before you get stuck in that situation, it's best to look for credit cards with no annual fee. Cardmembers also earn 1. If you've signed up for an annual fee card that no longer rewards you for the spending categories you use the most, consider asking your issuer if you can downgrade to a no-fee card.

This should not count as a new inquiry on your credit report and should have minimal impact to your score. If this option is unavailable, it may be the only exception when it makes sense to cancel your card.

Quickly opening and closing credit card accounts to redeem different welcome offers — also referred to as "credit card churning" — can cause your credit score to drop a few points.

There are a number of scenarios where you may regret canceling your credit card — both now and in the future. Let's take a look. Taking advantage of a sign-up bonus to earn all the points or miles you can isn't a bad idea, but if you cancel your card immediately afterward without ever using the points you earned, you may actually lose them.

Credit card issuers could also see this behavior as a red flag for the future. They can quickly catch on that you are signing up for cards only to earn their bonuses and then canceling in a short amount of time, which will put you at risk of damaging your good credit in the long-run.

And there's another occasion where this credit score ding can doubly harm you. Roger Ma, a certified financial planner at lifelaidout ® and author of "Work Your Money, Not Your Life," urges consumers to consider whether they will be trying to get a loan in the next 12 to 24 months.

If so, Ma advises that it may make sense to hold onto that card — especially if it's your oldest one — or downgrade to a no-fee card if necessary. You'll want to make sure you take every measure to protect your credit score when you know you'll be applying for a loan or a mortgage coming up.

A healthy credit score can help you qualify for a lower interest rate, which will save you more than enough to outweigh the cost of the annual fee over time. Last, you never know when you might need an emergency card.

While a credit card is not exactly a replacement for an emergency savings, it may come in handy if something comes up such as the coronavirus pandemic and you find yourself needing a way to afford emergency expenses in a pinch.

The big windfalls of extra cash back, points or miles you can receive with a credit card sign-up offer are worth it as long as you are able to pay off your balances in full and on time every month. It's also worth doing your homework before applying to make sure the card is useful for your future spending.

Experts generally don't recommend you ever cancel a credit card, unless you're paying for it such as in the form of an annual fee and not ever using it. And if this is the case, canceling a card once probably won't hurt you as long as you have a healthy credit history otherwise. Consider instead of canceling your card, stashing it away and only using it intermittently.

This credit expert with a perfect credit score has six cards and only uses one daily; the other five he doesn't carry on him and dusts them off to use every six or eight months.

Remember, it's important you use your credit cards to keep them open and active, but you don't need to use them every day. Skip Navigation. Credit Cards. Follow Select. Our top picks of timely offers from our partners More details.

Introductory bonus points or cashback - Cash back and points rewards can usually be redeemed in several ways—like a Some cash back cards may even offer low or 0% introductory annual percentage rates Like cash back cards, points cards often offer bonus points for certain spending categories. But points cards tend to offer higher sign-up Missing Our best credit cards for earning rewards ; American Express Preferred Rewards Gold*. Great overall card, with a decent introductory bonus

It's better to mark the renewal date in your calendar and cancel it once you've gotten your money's worth out of it. Before you get stuck in that situation, it's best to look for credit cards with no annual fee. Cardmembers also earn 1. If you've signed up for an annual fee card that no longer rewards you for the spending categories you use the most, consider asking your issuer if you can downgrade to a no-fee card.

This should not count as a new inquiry on your credit report and should have minimal impact to your score. If this option is unavailable, it may be the only exception when it makes sense to cancel your card. Quickly opening and closing credit card accounts to redeem different welcome offers — also referred to as "credit card churning" — can cause your credit score to drop a few points.

There are a number of scenarios where you may regret canceling your credit card — both now and in the future. Let's take a look.

Taking advantage of a sign-up bonus to earn all the points or miles you can isn't a bad idea, but if you cancel your card immediately afterward without ever using the points you earned, you may actually lose them. Credit card issuers could also see this behavior as a red flag for the future.

They can quickly catch on that you are signing up for cards only to earn their bonuses and then canceling in a short amount of time, which will put you at risk of damaging your good credit in the long-run. And there's another occasion where this credit score ding can doubly harm you.

Roger Ma, a certified financial planner at lifelaidout ® and author of "Work Your Money, Not Your Life," urges consumers to consider whether they will be trying to get a loan in the next 12 to 24 months.

If so, Ma advises that it may make sense to hold onto that card — especially if it's your oldest one — or downgrade to a no-fee card if necessary.

You'll want to make sure you take every measure to protect your credit score when you know you'll be applying for a loan or a mortgage coming up. A healthy credit score can help you qualify for a lower interest rate, which will save you more than enough to outweigh the cost of the annual fee over time.

Last, you never know when you might need an emergency card. While a credit card is not exactly a replacement for an emergency savings, it may come in handy if something comes up such as the coronavirus pandemic and you find yourself needing a way to afford emergency expenses in a pinch.

Cash back cards often offer a couple of ways to redeem your cash. The beauty of cash is that it can be used for anything. If you have an unexpected £ car repair pop up, you can redeem some of your cash back or statement credit to help cover the expense. Another nice thing about cash back cards is that they tend to have low or no annual fees.

Cash back cards also tend to be easier to use. For the most part, cash back is just cash back. There are two main types of points cards.

The second type of points cards are co-branded with a particular hotel or airline. Like cash back cards, points cards often offer bonus points for certain spending categories.

But points cards tend to offer higher sign-up bonuses than cash back cards. Another advantage to points cards is that they often offer additional benefits.

For instance, hotel cards may offer one or more free reward nights per year. And some airline cards may offer free checked bags, seat upgrades or other benefits. Other cards might offer rotating bonus categories that allow you to earn even more points with certain purchases.

The right rewards card could help you earn rewards for things you already buy. How you can maximize rewards with the card. Options to redeem rewards.

What the APR is. No matter what credit card you choose , you can get the most out of your rewards by using your card responsibly and doing things like paying your balance on time each month.

article October 24, 6 min read. video August 17, min video. article November 30, 5 min read. Points vs. cash back: Which is right for you? Key takeaways Cash back credit cards help you earn cash as you spend. Get started. How you cash in your rewards depends on your needs and what your card offers.

You can also find cash back card options that have no annual fees.

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