Looking for the best cashback credit card for you? We compare a range of credit cards from various providers so you can earn money back on your spending
uSwitch Limited is a credit broker, not a lender, for consumer credit products.
uSwitch services are provided at no cost to you, but we may receive a commission from the companies we refer you to.
With a cashback credit card, you can earn cash back on your card purchases. While reward credit cards give you back points which you can exchange for discounts, cashback credit cards give you money back - £100s a year in some cases. The top cashback credit cards below are ordered by interest rate (APR).
The concept is simple - for every pound you spend on your credit card, you receive a percentage back to your account either monthly or annually. You'll usually get between 0.5% and 1.25% of the amount you spend back as cashback. The highest cashback credit cards often come with annual fees or higher APR so you need to be sure you'll get the true benefit or be able to keep up with the repayments.
Some cashback credit cards are less generous to higher spenders, while other credit cards offer more cashback the more you spend on the card.
As long as you pay off your balance in full each month, credit cards with cashback can be a great way of earning extra cash.
If you can't pay your balance off in full you are likely to be better off with a low APR credit cards
This depends on how you use your credit card - credit cards with cashback often have high interest rates, meaning any cashback you earn would be written off by the interest you'd pay on your balance.
If you're always able to pay off your balance in full, a cashback credit card could help you earn money back on your spending.
Cashback credit cards aren't suited to those looking to transfer a credit card balance - a better alternative is a credit card with a low interest rate and a 0% introductory offer. You can compare cash back credit cards with uSwitch and see if a cash back credit card is right for you.
Many cashback credit cards will have a higher than average introductory rate to entice new customers, but you may find that the long-term rate is much lower than its competitors.
It's important to weigh up how much you intend to spend during the introductory period or how much cashback you can get in total over the long-term.
Finding the best cashback credit cards is really a case of assessing your own spending habits and ensuring you can keep up with the repayments so that the interest rates don't come back to sting you.
We compare credit over 100 credit cards from all of the major banks and credit card providers.
However, we do not compare all the credit cards that are available in the UK.
This is because some credit card providers have offers that are only available exclusively through their own website or branch, or through other comparison websites - in the same way some credit cards are exclusively available through uSwitch.
There are also many credit cards that are only available to people in member organisations and clubs.
Android Pay is a phone app that allows you to use your Android OS phone as a contactless credit card Following in the footsteps of Apple, Google launched their much anticipated ‘digital wallet’ app Android Pay in the UK on 18 May 2016. You can link the app to your credit and debit cards and […]
There are several fees and charges related to credit cards that you should be aware of and try to avoid If you use a credit card sensibly and know how to avoid all the potential credit charges and fees, they can be a versatile financial asset giving you everything from the best foreign exchange rates to […]
If you make the minimum repayment on your credit card every month, eventually you will find yourself paying back less and less each month until you finally clear all of the debt. But bear in mind that sticking to the credit card’s minimum payment option can be one of the most expensive ways to manage […]
Credit cards with interest free periods are a useful way to get some breathing space with your borrowing, allowing you to put off paying interest for as long as just over three years. There are three types of credit cards offering 0% interest: 0% purchase cards – cards that charge no interest on new purchases […]
Even if you’re on top of your money there are a few surprising things that can damage your finances. We take a closer look at some of the unexpected things that affect your financial wellbeing and some surprising actions that can come back to haunt you. Can parking fines stop you buying a house? If you have a […]
New research from uSwitch has discovered that almost two thirds of us overspent this summer, spending on average £491.78 more each. Poor exchange rates made holidays expensive Nearly half said the plunging pound had pushed up their holiday costs. With everyday items pricier and accommodation bills more than expected. Many holidaymakers slipped into debt to cover […]
Getting into unsustainable debt is frighteningly easy – a few months of irresponsible spending can land you with a debt of tens of thousands that could take years to pay back. Most people experience problem debts at some point in their lives, and it can be difficult to get the situation back under control. Many people borrow money […]
Use this guide to find essential information about how to get out of debt, including ways to reduce debt and how to get help if you’re having debt problems. If you’re starting to feel overwhelmed by your debts, you’re unable to pay them off, or there’s an increasing risk of being taken to court by the people that you […]
Debt consolidation loans are one way of dealing with overwhelming debts – read our guide to learn more What is loan consolidation? – Loan consolidation is borrowing one large loan to pay off all your other loans Is a debt consolidation loan right for me? – If you are struggling to meet your current monthly […]