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Rewards credit cards

Compare our best rewards cards

  • From cashback and points to air miles, earn rewards with your credit card spending

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MoneySuperMarket is a credit broker not a lender. You should be over 18 and a UK resident.

Why compare rewards credit cards with MoneySuperMarket? 

  • It only takes a few minutes

    Comparing rewards credit cards is quick and easy with us. We show you the key information and you can click through to the provider and apply within minutes

  • It won’t harm your credit score

    We’ll run a soft search on your finances that won’t affect your credit rating, but will show you deals that you’re likely to be accepted for  

  • We're highly rated

    Our credit cards service is highly rated. We have a 4.4/5 star rating on Feefo. Customers are impressed by the ease of using our site and our great deals




What is a rewards credit card?

A rewards credit card offers incentives, such as cashback, air miles or loyalty points, for your everyday spending. The more you spend, the more you can earn – and some cards might even give you access to exclusive deals.  

Because it can be tricky to work out which card is best for you, MoneySuperMarket compares cards in a quick and easy way to show you the deals that suit your needs – and how likely you are to be accepted if you apply.  





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How does a rewards credit card work?

  • Make card purchases

    Use the rewards credit card for your everyday spending and try to pay it off on time and in full every month. Check the terms and conditions because if you miss any payments you may lose your rewards 


  • Build up rewards

    The more you spend, the more you accrue points, cashback or other sweeteners, such as air miles. Depending on the card, you may also be awarded more rewards for shopping at certain retailers  

  • Spend your rewards

    The specific rewards you receive depend on the type of rewards card you apply for. It could be cashback that reduces your credit card balance. Or the points might be used for free flights or vouchers 

What are the different types of rewards credit cards?

There's a broad range of rewards credit cards on offer, but they come in three basic types:

  • Cashback

    Every time you spend money on your plastic, cashback cards pay a percentage back to your account. Check the terms and conditions because some cashback credit cards can pay high introductory offers of up to 5% 

  • Points

    Spend on a points credit card and you accrue loyalty points that can be redeemed at popular high street stores. You may find that shopping with certain household-name brands can give you extra rewards points to use

  • Airline

    Using an air miles credit card builds up points you can redeem for flights, hotel rooms and car hire. These can be a great option for frequent travellers, but the cards are often linked to specific airlines

With a pre-approved credit card, the deal you see is what you get

When you apply for a rewards credit card, it’s not always clear what deal you’ll be offered or whether you’ll be accepted. But when you’re pre-approved for a credit card, you know the deal you see is the deal you’ll get – you’ll know where you stand, with information that will help you make the right choice.

  • Apply with confidence

    The interest rate and interest-free period are confirmed – the only thing not guaranteed is your credit limit

  • Tailored to you

    You’ll see your personalised chance of approval for all credit cards, so you can easily compare your options

  • You’re in safe hands

    This helps protect your credit score as you’re less likely to be rejected when you apply

What are the advantages and disadvantages of a rewards credit card?

A rewards credit card can give an extra boost to your spending when used correctly, but there are some potential drawbacks to watch out for:

  • Tick

    Pros

    • You can earn free rewards for your everyday spending 

    • Introductory rewards can be quite lucrative 

    • There’s usually a choice of rewards, from cashback to air miles depending on the card 



  • Cross

    Cons

    • Some rewards credit cards come with a high monthly or annual fee 

    • You may be forced to shop at certain retailers to take advantage of the rewards 

    • You could lose the rewards if you miss a credit card repayment 



How do I choose the best rewards card?

With so many to choose from it can be hard to work out which is best for you. Here are some things to look out for:

  • 1

    Seek the best return

    Rewards cards can pay cashback or give you points. For example, cashback is typically from 1% to 5% or more. A points card might give you one point for every £10 you spend. But check to see what a point is worth 

  • 2

    Look for the lowest fees

    Keep in mind that some rewards cards charge an annual fee. Be confident your spending will earn enough cashback and rewards to justify the cost. If you’re unsure, go for a low or no-fee rewards card

  • 3

    Choose rewards you’ll use

    Points cards only give vouchers for specific stores – so make sure it fits your shopping habits. Likewise, airline rewards cards only offer deals on selected air carriers and hotels, so make sure it’s one you’re happy to use

  • 4

    Check the small print

    Is there an introductory rewards period that will end after a few months? When will you get your reward? Some cards pay out monthly, while others make you wait until the end of the year. Check the terms before applying

Rebecca Goodman

Our expert says

"

Rewards credit cards can pay you cashback for your normal spending or you may be able to earn points or vouchers instead. There’s lots to choose from so it’s important to find a card that pays out a reward you will actually use. There’s no point choosing one which pays in air miles if you don’t intend to use them, for example. You also need to watch out for annual fees and extra charges such as the interest rate applied if you don’t clear the card in full.

"
- Rebecca Goodman, Financial journalist

Compare rewards credit cards with MoneySupermarket

If you've decided that a rewards card is right for you, MoneySuperMarket makes it quick and easy to see which cards you're eligible for and what bonuses they offer. Searching with us won't harm your credit score.

  • 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 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 be able to sort according to APR, features and your chances of being approved

MoneySuperMarket is a credit broker – this means we’ll show you products offered by lenders. We never take a fee from customers for this broking service. Instead we are usually paid a fee by the lenders – though the size of that payment doesn’t affect how we show products to customers.

Read our latest personal finance news

There’s no single best rewards card – it all depends on what kind of bonuses you’re after, and what credit limit or APR works best for you. Providers are always making new offers, and new rewards cards with different perks regularly hit the market. Your best bet is to compare rewards cards to see what options are available to you, and then see which one you like the best. 

Hotel points are a less common credit card reward, and tend to be tied to premium cards. There are several options on the market, most of which will only work on one particular hotel chain.

If you’re a frequent traveller, hotel point credit cards might be useful to you, but premium credit cards usually come with annual fees and entry requirements.

Every time you use your credit card, your credit card provider charges a small fee to the merchant – and when you use a rewards card, they share some of that money with you. By offering rewards, your credit card company encourages you to spend more widely. This means more sales for the vendor, more profit for the credit card issuer, and a little extra money in your pocket too.   

There is nothing to stop you from applying for as many reward credit cards as you like, but each may come with a fee. You should be confident you will spend enough and earn enough rewards to justify this fee. Multiple applications for credit cards can also have a negative impact on your credit rating.

 Before taking out a rewards card you should consider whether 

  • You need a credit card and will be able to afford the repayments 

  • The specific rewards the card provides will be useful for you 

  • You can justify the annual fee (if there is one) and you’re happy with the terms and conditions, including meeting any minimum monthly spend required to earn the rewards 

  • You have chosen the best rewards credit card available for your circumstances 



A rewards credit card could be right for you if you are able to use the card responsibly and pay off the balance on time and in full every month. If that is the case, then you don’t need to change your spending habits and the rewards will just become a handy bonus to your regular credit card use. 

In addition, a rewards credit card linked to a particular retailer could prove even more valuable if you already shop there regularly. 



There are several alternatives to a rewards credit card, but it will depend on your aims.  

For example, if you travel a lot, a travel credit card that won’t charge you fees while abroad could work out more cost-effective than a rewards credit card.

Similarly, if you need to make a large purchase a 0% interest purchase card could save you money on interest payments and effectively help you spread the cost.

If you are specifically looking for rewards, but don’t want to take out a credit card, some current accounts also provide bonuses when you open the account and pay cashback on spending on certain items, such as bills.

You can also find rewards debit cards that work in a similar way to rewards credit cards, but you don’t have to borrow to earn the rewards. 



The type of rewards credit card that will be most suited to you depends on how you use the card. If you use it frequently for a high level of everyday spending, a rewards card that pays bigger perks, such as points or cashback, is worth considering – even if there is an annual fee.

If you won’t be using the card as much, then it may be better to opt for a rewards card with no annual fee, as you might not earn enough rewards to justify paying the fee.

Only ever pick a rewards card where the rewards are useful for you. For example, an air miles card won’t be helpful if you don’t fly with the specific airline it is linked to.

Finally, if you struggle to clear your credit card balance every month, a rewards card may not be for you because they often come with higher interest rates for outstanding balances. Instead look for a low or 0% interest credit card.

Credit card points can typically be spent on a variety of rewards such as travel, flights, hotel bookings, merchandise, gift cards, cashback, or even charity donations.

The specific options available to redeem credit card points will vary depending on the credit card provider and their rewards programme.

Having a low credit score can make it difficult to be accepted for some credit cards and loans. It could still be possible to get a rewards credit card – but your options are likely to be more limited and you might not have access to the best deals.

Your APR is also likely to be higher and your credit limit lower. An alterntative could be a credit card for bad credit, which is designed for people who have poor scores. If used responsibly, then over time you will start to see your score increase and then you will be more likely to be eligible for cards with rewards

When using a credit card, it’s best to pay off your entire credit card balance every month if you can afford to – this way you won’t pay interest and you can avoid building up debt. If you can’t afford to pay off the full balance, pay off at least the minimum monthly payment – ideally more.

Also avoid missing payments – credit card providers will often charge a penalty when you do, but more importantly, you risk harming your credit score.

Setting up a direct debit could be a good way to ensure you pay off at least the minimum amount of your credit balance each month. 

Each time you make an application for a credit card, it leaves a record on your credit report. Too many applications will make it look like you are in desperate need for credit and as a result, your application may be rejected.

Some credit cards have extra benefits that reward you when you use them a certain way. While some of them can be tempting, it’s better to get a credit card that will give you rewards for the way you spend already. For example, an airmiles credit card is only going to be useful if you’re a regular flyer, no matter how tempting lounge access might be – but if you’re a regular shopper at a particular high street store, there might be a credit card that gives you cashback for shopping there.

If you’re planning to use your credit card overseas, check whether or not you’ll be charged for doing so. Many credit cards charge foreign transaction fees, so it can be a good idea to look for a card that won’t charge you for using it abroad.

Some cards will charge a fee if you use it to take cash out of a machine, and on top of that you’ll be charged interest from the moment you receive your money. So avoid using your credit card for cash withdrawals unless it’s an emergency.

Credit card fraud, like any fraud, can be very serious – you should always take care when using your credit card, and be careful where you keep it. Never tell anyone your PIN and regularly check your statements to make sure there are no surprises.

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.

Earn £25 Cashback with the new Barclaycard 0% balance transfer card

0% interest on new balance transfers for 30 months

  • £25 cashback offer, exclusive to the MoneySuperMarket group

  • 0% interest on balance transfers for 30 months from the date you open your account

  • Transfers incur a 2.98% fee. Offer ends 31/01/2023

Representative example: If you spend £1,200 at an annual rate of 22.9% (variable) p.a. your representative APR is 22.9% APR (variable).

Barclaycard

£25 cashback into your account when you transfer a balance of £2,500 or more within 60 days of opening your account. Must not have held a Barclaycard in last 6 months. T&Cs apply. Only available through MoneySuperMarket Group.