About cashback credit cards
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).
What is a cashback credit card?
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
Should I get a cashback credit card?
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.
How do I find the best cash back credit cards?
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.
Does uSwitch compare all the credit cards on the market?
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.
What does it mean if a card is listed as an “advertisement” or “promotion”?
We sometimes receive payment from card providers to display their cards in prominent locations.
These are adverts and are designed to be distinct and separate from the other cards on our comparison tables. We hope this makes it clear which cards are top-of-table deals and which cards are paid for promotions.