COMPARE CASHBACK CREDIT CARDS

The American Express Platinum Cashback card pays an introductory rate of 5% cashback on your first £2,000 spend for the first three months. Once the introductory rate ends, you’ll earn the standard rate of cashback which is 1.25%. Customers also receive double cashback, 2.5%, every year during their anniversary month (the month they first took the card out in) as long as they’ve spent £10,001 or more on their card over the previous 12 months. If you don’t pay your balance off in full each month you’ll be charged interest at 14%. There is, however, an annual fee of £25 on the card. As a result of the fee, the representative APR on the card is higher than the purchase rate at 18.5% (variable). If you are a very high spender then this card is still a good deal as the cost of the fee will be offset by the generous cashback rate. You must have a household income of at least £20,000 a year to qualify for this card and you will also need to have an excellent credit history.

Review to follow.

Review to follow.

This card is a great choice if you're looking for cashback, as it pays an impressive 5% for the first three months. There is no annual fee with this card. The most cashback you can claim during the introductory period is £100, so if you spend £2,000 on the card in the first three months, you will have reached the maximum. After this, if you spend £5,999.99 or less, you will earn 0.5% cashback, rising to 1% if you spend between £6,000 and £9,999. Anyone spending over £10,000 will earn 1.25% on anything they spend above that threshold. These rates are applicable until you reach the anniversary of your account opening when you will begin earning cash back at 0.5% until you pass each purchase threshold again. Be careful, however, as the card has a steep representative APR of 19.9%. This means that if you aren't in a position to clear your debts, then the interest charges could wipe out the benefit of the cashback. In order to qualify for this card you must be a UK resident with a good credit record, a bank account registered to your home address and no previous credit defaults. You must not already have a Capital One credit card and must not have applied for one in the last 6 months.

This card pays three different cashback rates depending on where you use the card. You earn 3% cashback on petrol on spending up to £300 a month, 2% in department stores and 1% in supermarkets. If you spend up to £300 a month on fuel, then this card is definitely worth considering due to the high 3% cashback rate. You must make sure that you repay your balance in full every month, or the card has a steep representative annual percentage rate (APR) of 22.8% variable once the fee is factored in. Your cashback will be credited to your account each month and your 123 Credit Card can also be used in conjunction with any other loyalty card or retailer offer. For new and existing 123 Credit Card customers, Santander will refund the first year’s annual fee if you also open a 123 Current Account. This offer is valid until 30.06.2012. To qualify for this refund you must: (i) Open a 123 Current Account and (ii) set up a Direct Debit from the 123 Current Account within 30 days of opening to pay your 123 Credit Card. The annual fee charged for the first year will then be refunded to your 123 Credit Card account within 15 days from the later of (i) activating your card and/or (ii) setting up the Direct Debit from your 123 Current Account to pay your 123 Credit Card.

Review to follow.

EXCLUSIVE PRIZE DRAW - Win a pair of adult tickets to Silverstone Classic for Saturday 21st July. All applications from 17th – 24th May that are accepted and activated by 20th June will be entered into a prize draw to win the pair of tickets. T&C’s apply. The AA is offering 0% on purchases for 10 months, while those looking to transfer their existing credit card balances will pay 0% for the first 12 months. There is a 3% handling fee for balance transfers. Try to clear any debts within the interest-free period, as the APR after this is 18.9%. You earn rewards when you spend using the card, and, as you earn double points on motoring-related purchases, those who drive a lot might find it particularly useful. The AA Member scheme gives you one point per £1 spent regardless of where you shop, but you earn two point per £1 spent on motoring such as servicing or fuel. Points can be redeemed by choosing from a huge range of items including high street shopping vouchers, cash back and AA products. Points will be shown on your monthly statement, or you can check how many you have online. Rewards example: spend £50 on fuel and £50 on supermarket shopping a week = 7,800 points a year = over £150 off your AA Breakdown or AA Insurance cover or over £35 cash back.

This card offers a 0% introductory period on purchases of 12 months, as well as 0% on balance transfers for 20 months. However, you must have a Nationwide FlexAccount and use this as your main current account to qualify for the offer. After the introductory periods finish, the card has a low APR of just 12.9%, but you should still try to clear your balance every month to avoid paying interest. Borrowers who wish to transfer a balance across to this card will be charged a 3.1% handling fee, with a minimum charge of £5. The card offers unlimited cashback of 0.5% on all sterling purchases, as well as unlimited commission-free purchases abroad, making it a good option for regular travellers. To be eligible to apply you must hold a FlexAccount with a Visa debit card (not cash card+) and have been paying in £750 (excluding internal transfers) a month for the last three months, or complete an account transfer to Nationwide (from a non-Nationwide account) using their account transfer service, or have done so in the last four months. For cashback, you must continue paying £750 or more into your FlexAccount each month (excluding internal transfers). You must also be aged 18 or over and have a gross income each year of more than £5,000. You must also not have missed three or more payments on any credit commitments in the last 12 months, or been rejected for a Nationwide credit card.

Review to follow.

EXCLUSIVE PRIZE DRAW - Win a pair of adult tickets to Silverstone Classic for Saturday 21st July. All applications from 17th – 24th May that are accepted and activated by 20th June will be entered into a prize draw to win the pair of tickets. T&C’s apply. The AA is offering 0% on purchases for 10 months, while those looking to transfer their existing credit card balances will pay 0% for the first 12 months. There is a 3% handling fee for balance transfers. Try to clear any debts within the interest-free period, as the APR after this is 18.9%. You earn rewards when you spend using the card, and, as you earn double points on motoring-related purchases, those who drive a lot might find it particularly useful. The scheme gives you one point per £2 spent regardless of where you shop, but you earn one point per £1 spent on motoring such as servicing or fuel. Points can be redeemed by choosing from a huge range of items including high street shopping vouchers, cash back and AA products. Points will be shown on your monthly statement, or you can check how many you have online. Rewards example: spend £50 on fuel and £100 on supermarket and other shopping a week = 5,200 points a year = over £50 in high street shopping vouchers or over £25 cash back.