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Earn up to 15% cashback from a credit card this Christmas

Santander are offering up to 15% cashback from highstreet names, but can you get a better deal with other cards?


Cashback cards used to be high-end products only available to big spenders, but they’ve become increasingly available to ordinary consumers as the credit card market has become more competitive.

Notably, Santander 123 credit cards and current accounts are offering one-off cashback rewards as high as 15% from many high street retailers on top of the everyday cashback. That could be £45 back from a big Christmas shop of £300.

15% cashback, what’s the deal?

The Santander credit card deal offers everyday cashback in increments of 1, 2 and 3% from most retailers.You can earn cashback of:

  • 1% from all major supermarkets
  • 2% from all big department stores
  • 3% on National Rail and Transport for London tickets and from all major petrol stations (provided you have a combined monthly spend of over £300)

However, the headline-grabbing 15% cashback rewards are available as one-off special offers through Santander’s online accounts and mobile banking app pictured below.

FireShot Capture - Santander My Offers - YouTube_ -

Many big-name retailers have signed up to the scheme with the likes of Argos and Marriott offering rewards to Santander customers, who can check their online accounts for details of available offers. They can select the offers they want and receive cashback on their next purchase.

Cashback offers: earn as you spend

Santander are not alone. American Express lead the cashback offers with a three-month introductory offer of 5% cashback on all purchases and 1.25% thereafter.

RBS and Natwest cards offer 1% cashback from most retailers. Nationwide and Aqua offer 0.5% back on all purchases.

What’s the catch?

Cashback cards often charge an annual fee, although Santander will waive this fee if you already hold an account with them and Nationwide’s cashback cards come free.

Interest will still be charged on cashback card, and could end up costing more than you earn back in cashback if you don’t pay off your balance in time, and late payments to the card will incur a fee.

If you don’t think you can pay off your balance at the end of each month you should consider the card with the lowest interest rate rather than the best cashback benefits.

Some of the more popular credit cards may not be available to customers with a poor credit history, other than the Aqua card which has more flexible criteria than many other cards.

Get a more rewarding credit card

Compare all cashback cards – find a cashback credit card that best fits your needs.

Compare reward cards  many credit cards offer retail or avios (airmiles) points, find one that gives you the rewards you want.