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Cashback credit cards

Compare our best cashback credit cards

  • Compare cashback cards from a range of trusted providers

  • Our soft search won't harm your credit score

  • See your personalised chance of approval

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What is a cashback credit card?

Cashback credit cards let you earn money when you make purchases or pay a bill. The cashback you can earn varies, but will typically range from 0.25% to 1% of what you spend. However, introductory rates can be as high as 5% for a limited time.   

It’s important to note, though, that cashback cards tend to have high APRs. That means it’s vital that you only spend what you can pay off. If you’re not careful, the interest you pay can outweigh the cashback rewards. 

pile of cards

How do cashback credit cards work?

With a cashback credit card you’ll be paid back a percentage of what you spend on the card. Here’s how cashback credit cards work:

  • Pay using the card

    You’ll use your cashback credit card for everyday spending, whether that’s your weekly supermarket shop, eating out or one-off purchases

  • Get a percentage of cash back

    For many of the transactions you make on your cashback credit card, you’ll get a percentage of that spending back in cash 

  • Pay back your balance

    Pay off the card balance each month on time, in full. If you forget, the cashback you’ve earned will be wiped out by interest and fees

Is it a good time to get a cashback credit card?

With the cost-of-living crisis continuing to bite, getting a bit of cash back when you buy goods and services can help ease of a bit of the strain on your household budget.

However, it’s important you weigh up the benefits carefully. With the base rate at a 15-year high of 5.25% (as of March 2024), borrowing on cashback credit cards can be quite expensive.

So if you don’t pay off your balance in full, any cash back you receive could very easily be wiped out by the high interest rates on your purchases.

With that in mind, right now could be a good time to get a cashback credit card as long as you’re confident you can pay off the balance each month.

credit cards

What's the best way to use a cashback card?

To get the most out of your cashback credit card, it's a good idea to abide by these rules...

  • 1

    Check any limits

    There may be minimum spend requirement to be eligible for the cashback. You should also check if there is a limit on how much cashback you can get 

  • 2

    Be mindful of usage fees

    Some cashback cards charge an annual usage fee, so be sure to factor in these extra charges when you're using your card

  • 3

    Pay back the balance in full every month

    If you don't pay off your balance each month, you'll incur interest. What's more, because interest rates are typically higher on cashback cards, your debt could mount up quite quickly

  • 4

    Don't overspend on the card if you can help it

    The best way to reap the rewards of cashback cards is to use them for everyday spending, rather than treating yourself to big-ticket purchases that you might struggle to pay off without incurring interest

Why compare cashback credit cards with MoneySuperMarket?

  • Check your eligibility in minutes

    Thanks to our speedy eligibility check, you can find out in minutes if you're likely to be accepted for a cashback credit card.

  • See your personalised chance of approval

    For each credit card that is listed, we will show you your personalised chance of approval, including any cards that you are pre-approved for.

  • You’ll see your chances of acceptance

    We’ll show you the percentage chance of being accepted for each credit card deal depending on your current financial status.

How much can I earn with a cashback credit card?

You can typically expect between 0.25% to 1% cashback, depending on your credit card provider. But in some cases, you may even be able to get an introductory rate as high as 5%.

So, for the sake of example, if you spent £100 per week on your card with an introductory cashback rate of 5%, you’d get £400 over the course of a year.

However, it’s worth noting that some cards feature a minimum spend before you qualify for cashback. So it’s important to check the small print before you sign up.

What’s more, cashback credit cards sometimes apply an annual limit on how you can earn too. This is most common during an introductory period, when the cashback on offer is higher than normal.


What can I get cashback on?

Cashback credit cards are designed for everyday spending. If you’re unsure if your purchase will receive cashback, make sure to check with your credit card provider. You can typically earn cashback on:

  • Food shopping

  • A holiday

  • A new TV

  • Household bills

Rebecca Goodman

Our expert says


Cashback credit cards, if used correctly, can provide you with an extra bonus pot of cash each month for spending as you usually would, just on a different card. However, they only work if you can clear them every month, as if you start paying interest or fees you’ll wipe out any cashback you make. It’s also important to choose one that works for you, if you pick a cashback card that rewards you for supermarket shopping and utility bills, for example, be sure to use the card for this spending so you’re earning the maximum amount possible, and never be tempted to spend more just because you’re earning cashback on it.

- Rebecca Goodman, Financial journalist

How to compare cashback credit cards with MoneySuperMarket

If you feel that a cashback credit card could be right for you, the next step is to use the MoneySuperMarket Eligibility Checker to see what cards are available – and which are most likely to approve you.

  • Tell us about yourself

    We’ll ask you a handful of simple questions about you and your financial circumstances, and what you need from a credit card

  • We browse the market

    We’ll sift through dozens of credit card offers from across the market, and then show you the cards we think will suit you best

  • Pick the card you want

    You’ll be shown a range of credit cards, which you’ll then be able to sort according to APR, features and your chances of being approved

If you’ve struggled with credit in the past or have a low credit score, you may find it hard to get a good deal on a cashback credit card. This is because lenders use your credit history to see how responsibly you’ve managed credit in the past, to decide whether to accept you for a credit card.   

But while the best cashback cards could be out of reach, this doesn’t mean an instant ‘no’ to borrowing if you have bad credit. There are credit cards for bad credit designed for those who need to improve their credit score, but they may come with lower credit limits and higher interest rates. As you pay off your balance each month, you will see your credit score improve over time which can give you access to better credit deals, including cashback cards.

Cashback cards and rewards cards are very similar. But while a cashback card gives you rewards in the form of money, a rewards card usually gives you other offers and benefits, such as store loyalty points, Air Miles or vouchers for particular retailers.  

Think an Air Miles card might be right for you? Check our airmiles credit cards comparison page.  

Considering a card that gets you specific rewards instead? We can help you with that too. Head to our rewards credit cards comparison page to find out more.  

Both types of card work in the same way: the more you spend, the more you earn. However, rewards cards tend to earn your slightly more, albeit with the crucial proviso that they generally tie you into spending with certain retailers.  

Conversely, cashback cards can feel more flexible but they may be slightly worse value in terms of the kickback. 

Cashback cards typically have high APRs simply because they offer financial benefits (the cashback) and the card companies want to make money. If you carry a balance on your cashback card from one month to another, you’ll be paying interest on the borrowing.  

This is what makes it so important to pay your balance off in full every month. if you don’t, you’ll almost certainly be charged more in interest from the high APR than you earned in benefits.

Cashback credit cards allow you to withdraw cash but, as with all credit cards, it’s not an efficient way to get money. Credit card companies tend to charge high fees to use their cards at an ATM, so it’s best to avoid doing this if you can.  

Whether you’re eligible for a cashback credit card will come down to the provider’s view of your finances. They’ll take into account factors such as your credit score and ability to make repayments before approving your application. The good news is that if you use MoneySuperMarket to compare cashback cards, we can show you your chances of being accepted including any cards that you’re pre-approved for. This reduces the chance of being rejected when you apply. 

Yes, it is possible to get a rewards debit card. You first need to apply for the current account that the card will be linked to. A rewards debit card then might give you 1% cashback on purchases, for example. 

There is nothing to stop you taking out multiple rewards credit cards, but you may wish to look at whether it is a sensible choice. It might make sense if one is a dedicated store card for an outlet where you shop regularly and the other is a more general cashback card.

But if the features of the cards are similar, then simply having one card which offers the best rate could be a more straightforward option. What’s more there’s less chance of you overspending or getting into debt.   

That largely depends on your shopping habits and which outlets you use. However it’s fair to say that American Express are generally the top-paying cards.  

Other cashback credit cards that typically get you a lot of bang for your buck include Asda and John Lewis storecards, as well as Tesco Bank’s Mastercard which bags you Clubcard points.  

Yes. Just like standard credit cards, with rewards cards you’ll be covered by Section 75 of the Consumer Credit Act.  

That means if you buy something priced between £100 and £30,000 in the UK or overseas and something goes wrong, the card issuer is jointly liable.  

You can use Section 75 to claim a refund in the event that you pay for a service you did not receive, or pay for goods that did not arrive.  

If you’re applying for a credit card, you might be able to find a better deal if you look through offers from different providers before taking one out. With MoneySuperMarket you’ll be able to search through multiple credit cards and compare them by a range of factors, including their interest rates and any benefits and rewards they come with.

All you need to do is answer a few questions about yourself and your financial situation, and our Eligibility Checker will show your chances of being accepted for different credit cards. This won’t affect your credit score, so you can run a check without any worries.

Once you know which card you want, you can normally apply by phone, online, or in person if the provider has a high street branch. However, when you do apply, the provider will usually run a hard credit check – which will show up on your credit report – to confirm whether they’ll give you the card. If you’re accepted they’ll tell you your credit limit and interest rate, and soon you’ll be ready to start using your credit card.

MoneySuperMarket gives you lots of clever ways to save a lot, by doing very little.

  • Take control of your credit score by checking and improving it for free with Credit Monitor

  • Never overpay again with Energy Monitor, our energy monitoring service

  • Over 50 ways to Get Money Calm

So how do we make our money? In a nutshell, when you use us to buy a product, we get a reward from the company you’re buying from.

But you might have other questions. Do we provide access to all the companies operating in a given market? Do we have commercial relationships or ownership ties that might make us feature one company above another?

We commit to providing you with clear and informative answers on all points such as this, so we have gathered the relevant information on this page.

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