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Top cashback credit cards for the festive spend

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Rachel Springall, Press Officer
Rachel Springall, Press Officer / Finance Expert T: 01603 476210 E: Email Rachel
29/11/2023

Top cashback credit cards for the festive spend

Shoppers who want to earn a bit of cashback when they spend could earn up to 5%. The latest analysis from Moneyfactscompare.co.uk reveals the top cashback credit cards on the market.

Top cashback credit cards for the festive spend

Shoppers who want to earn a bit of cashback when they spend could earn up to 5%. The latest analysis from Moneyfactscompare.co.uk reveals the top cashback credit cards on the market.

Top cashback credit cards

Provider

Credit card

Cashback

Purchase APR

Card fee

Other notes

American Express

Platinum Cashback Card

5% for three months (max £125), then 0.75% tiered - 1.25% depending on spend

36.7%

£25 per annum

‘Shop small’ incentive from 1 to 3 December

American Express

Platinum Cashback Everyday Card

5% for three months (max £100), then 0.50% tiered - 1.00% depending on spend

31.0%

Nil

‘Shop small’ incentive from 1 to 3 December

Santander

World Elite Mastercard

0.50% on spends over £1 per month, up to £3,000 (max £15)

49.8%

£15 per month

Introductory 0% on purchases and balance transfers for 18 months

Santander

All in One Credit Card Mastercard

0.50% on spends over £1 per month

29.8%

£3 per month

Introductory 0% on purchases and balance transfers for 15 months

Halifax

World Elite Mastercard

0.50% on spends up to £15,000 per month, then 1.00%

55.0%

£15 per month

-

Lloyds Bank

World Elite Mastercard

0.50% on spends up to £15,000 per month, then 1.00%

55.0%

£15 per month

-

Halifax

Cashback Credit Card Mastercard

0.25% on spends up to £4,000 per month, then 0.50%

22.9%

Nil

-

Lloyds Bank

Cashback Credit Card Mastercard

0.25% on spends up to £4,000 per month, then 0.50%

22.9%

Nil

-

smile

Classic Credit Card Visa

0.25% on spends over £1 per month

19.9%

Nil

-

Barclaycard

Rewards Visa

0.25% on spends over £1 per month

28.9%

Nil

-

MBNA Limited

Platinum Visa

0.25% on spends over £1 per month, within the first 36 months of account opening.

13.9%

Nil

-

Source: Moneyfactscompare.co.uk

 

Top cashback credit cards

Provider

Credit card

Cashback

Purchase APR

Card fee

Other notes

American Express

Platinum Cashback Card

5% for three months (max £125), then 0.75% tiered - 1.25% depending on spend

36.7%

£25 per annum

‘Shop small’ incentive from 1 to 3 December

American Express

Platinum Cashback Everyday Card

5% for three months (max £100), then 0.50% tiered - 1.00% depending on spend

31.0%

Nil

‘Shop small’ incentive from 1 to 3 December

Santander

World Elite Mastercard

0.50% on spends over £1 per month, up to £3,000 (max £15)

49.8%

£15 per month

Introductory 0% on purchases and balance transfers for 18 months

Santander

All in One Credit Card Mastercard

0.50% on spends over £1 per month

29.8%

£3 per month

Introductory 0% on purchases and balance transfers for 15 months

Halifax

World Elite Mastercard

0.50% on spends up to £15,000 per month, then 1.00%

55.0%

£15 per month

-

Lloyds Bank

World Elite Mastercard

0.50% on spends up to £15,000 per month, then 1.00%

55.0%

£15 per month

-

Halifax

Cashback Credit Card Mastercard

0.25% on spends up to £4,000 per month, then 0.50%

22.9%

Nil

-

Lloyds Bank

Cashback Credit Card Mastercard

0.25% on spends up to £4,000 per month, then 0.50%

22.9%

Nil

-

smile

Classic Credit Card Visa

0.25% on spends over £1 per month

19.9%

Nil

-

Barclaycard

Rewards Visa

0.25% on spends over £1 per month

28.9%

Nil

-

MBNA Limited

Platinum Visa

0.25% on spends over £1 per month, within the first 36 months of account opening.

13.9%

Nil

-

Source: Moneyfactscompare.co.uk

 

Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“Cashback credit cards are useful for shoppers who plan their spending, whether that be for Christmas, in the New Year to take advantage of enticing sales or just everyday use. These credit cards reward spenders with a percentage of cashback based on how much they spend online or in store. The amount of cashback each credit card provider will pay does vary, but so does the interest they will charge on the debt, which is why maximising the cashback is wise, but so is paying off any debt before interest applies.

“One provider to offer an additional incentive for shoppers is American Express, as from 1 until 3 December, it will give customers a £5 statement credit when they spend £15 or more at participating small businesses across the UK through its popular Shop Small Offer. As consumers will notice, this is a limited period for shoppers to maximise the reward, and they will need to enrol for the offer to take advantage. Credit cards are also a good method to use for spending in general as shoppers are protected under Section 75 of the Consumer Credit Act.

“Away from credit cards, shoppers would be wise to make the most of any loyalty cards they possess. As it can be easy to forget the card when out shopping, consumers could download an app call Stocard and store all the cards in one place which can be scanned at the till. Now is the perfect time for shoppers to cash in those loyalty points, such as with Sainsbury’s Nectar and Tesco Clubcard schemes to go towards the festive spend.”

Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“Cashback credit cards are useful for shoppers who plan their spending, whether that be for Christmas, in the New Year to take advantage of enticing sales or just everyday use. These credit cards reward spenders with a percentage of cashback based on how much they spend online or in store. The amount of cashback each credit card provider will pay does vary, but so does the interest they will charge on the debt, which is why maximising the cashback is wise, but so is paying off any debt before interest applies.

“One provider to offer an additional incentive for shoppers is American Express, as from 1 until 3 December, it will give customers a £5 statement credit when they spend £15 or more at participating small businesses across the UK through its popular Shop Small Offer. As consumers will notice, this is a limited period for shoppers to maximise the reward, and they will need to enrol for the offer to take advantage. Credit cards are also a good method to use for spending in general as shoppers are protected under Section 75 of the Consumer Credit Act.

“Away from credit cards, shoppers would be wise to make the most of any loyalty cards they possess. As it can be easy to forget the card when out shopping, consumers could download an app call Stocard and store all the cards in one place which can be scanned at the till. Now is the perfect time for shoppers to cash in those loyalty points, such as with Sainsbury’s Nectar and Tesco Clubcard schemes to go towards the festive spend.”

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfactscompare.co.uk is the financial product price comparison site, launched as Moneyfacts.co.uk in 2000 and rebranded to Moneyfactscompare.co.uk in 2023, which helps consumers compare thousands of financial products, including credit cards, savings, mortgages and many more. Unlike other comparison sites, Moneyfactscompare.co.uk shows whole of market data regardless of commercial bias, showing consumers a true picture of the best products based on the criteria they select.

We hope you find this press release insightful. We would appreciate a link back to Moneyfactscompare.co.uk if you decide to source this information.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfactscompare.co.uk is the financial product price comparison site, launched as Moneyfacts.co.uk in 2000 and rebranded to Moneyfactscompare.co.uk in 2023, which helps consumers compare thousands of financial products, including credit cards, savings, mortgages and many more. Unlike other comparison sites, Moneyfactscompare.co.uk shows whole of market data regardless of commercial bias, showing consumers a true picture of the best products based on the criteria they select.

We hope you find this press release insightful. We would appreciate a link back to Moneyfactscompare.co.uk if you decide to source this information.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

Contact Us If you're looking for extra comment, a chart or more information, then please give us a call. We are always more than happy to help.
James Hyde Press & PR Manager
Rachel Springall Press Officer / Finance Expert
Caitlyn Eastell Apprentice Press & PR Assistant