The best credit cards for cashback

Lloyds Ultra Credit Card

Fee: No monthly or annual fee

Features:

• 1% cashback on all purchases in the first year

• 0.25% cashback after the first year

• Fee-free spending abroad

• Fee-free ATM withdrawal

This card doesn’t give you the highest cashback amount, but it is free and you can even earn cashback on spending outside the country. If you fail to pay off the statement in full, there’s a representative APR of 12.9%.

Santander Rewards Credit Card

Fee: No monthly or annual fee

Features:

• 3% cashback on travel, food and fuel for the first 12 months, then 0.25%

• 0.25% cashback on all other spending

• No limit on cashback

• No fees abroad

This card gives you a higher cashback amount but only for select expenses and for a limited time. However, it comes free of cost, and there is no cap on the cashback you can earn. If you fail to pay off the statement in full, there’s a representative APR of 24.9% (variable).

We take a look at whether the new Santander cashback credit card deal is worth getting in a separate guide.

American Express Cashback Everyday Credit Card

Fee: No monthly or annual fee

Features:

• 5% cashback (up to £125) on purchases in the first five months

• 0.5% cashback on up to £10,000 after the first three months

• 1% cashback on anything over £10,000

• Cashback paid annually

This American Express credit card boasts the highest cashback rate compared to other UK credit cards, although for a limited time. It is available to new cardholders and has no annual fee. There is no cap on how much cashback you can earn, and you can add up to five complimentary supplementary cards to your account to earn cashback more quickly.

If you fail to pay in full, there’s a representative APR of 29.1%.

Amex Cashback Credit Card

Fee: Annual fee of £25

Features:

• 5% cashback (up to £125) on purchases in the first five months

• 0.75% cashback on up to £10,000 after the first three months

• 1.25% cashback on anything over £10,000

• Cashback paid annually

This American Express credit card, while it has a high cashback rate, comes with an annual fee of £25.

There is no cap on how much cashback you can earn, and you can add up to five complimentary supplementary cards to your account to earn cashback more quickly.

You can also earn £30 cashback for referring a friend. If you fail to pay in full, there’s a representative APR of 34.6%.

Read more about which American Express credit card is best for you.

Barclaycard Rewards Card

Fee: No monthly or annual fee

Features:

• 0.25% cashback on eligible purchases

• No fee abroad

This card doesn’t have any monthly or annual fee, but if you don’t pay back each month in full, the representative APR is 28.9%.

Virgin Money Everyday Cashback Credit Card

Fee: No monthly or annual fee

Features:

• 1% cashback on spending (up to £15) for the first 90 days

• 0.25% cashback after

• Cashback on spending abroad with no fees

• Earn up to 12% additional cashback on spending with select retailers through Virgin Money Cashback.

This card doesn’t have any monthly fee, but if you don’t pay back each month in full, the representative APR is 27.9%.

Chase Credit Card

Fee: No monthly or annual fee

• Earn 2% cashback on eligible spending from 1 July, up to £20 per month (currently 1%, up to £15 per month). This cashback offer is also available via the Chase current account debit card.

• 0% interest on purchases for up to 15 months

• Fee-free spending abroad

There are a few hoops customers will need to jump through to be eligible for the higher cashback. We take a look at if Chase’s cashback deal is any good.

This card doesn’t have any monthly fee, but if you don’t pay back each month in full, the representative APR is 24.9%.