Earn as much as 5% back when you spend from the likes of American Express, Chase, Amazon and John Lewis.






Pretty much every time I spend money I am earning money. Ok, only a little bit but it all adds up. Don’t roll your eyes. It really does. The way I do this is through a cashback credit or debit card, or more accurately, through a couple of these cards.
Rates aren’t as good as they were a few years ago, and there are fewer cashback cards available, but even if you’re only getting 0.25% I think it’s worth having one or two in your wallet. Fortunately, it’s possible to get as much as 1.25% – and more on top with introductory offers.
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Best cashback debit cards
Chase Bank
There’s only really one debit card that offers cashback and it’s Chase Bank. You’ll get 1% back on most of your purchases – but only for 12 months. Check out my full review here.
What you can earn:
- 1% on most purchases for 12 months
Fees, details and how to apply:
- No annual fee
- Mastercard
- Read my Chase Bank review
Best cashback credit cards
Cashback credit card rules
Below you’ll be able to read more about the best cashback and reward cards, and I’ll keep coming to this page to and updating it as deals change. But first, a really important rule if you are using a cashback credit card.
Always pay off the balance in full every month
There’s no point using a cashback credit card if you’re going to get charged interest on your purchase. So make sure you set up a Direct Debit to clear the full balance.
If you can’t afford to do that, then a credit card probably isn’t your best option except for emergencies. I’ve written more about clearing credit card debts, so do read that.
It’s also worth doing an “eligibility check” before you apply if you can. This gives you a sense of whether you’ll be accepted, though not a guarantee.
Keep reading or watch this video from my YouTube channel
Best cashback credit card brand
I’d go for an Amex card as your main spending card. Not only can you get a huge welcome bonus and the best ongoing cashback/rewards rates, you’ll also get access to other offers such as Shop Small.
I always try to use an Amex to pay. But try is the operative word there, as some retailers still don’t accept the card.
So I make sure I’ve also got an alternative cashback credit card on me that’s either Visa or Mastercard.
Best welcome bonus
There is a way to get multiple welcome bonuses, though it depends on which card or cards you already have. More on how this works in this article. Below are the highest paying offers if you only want one card.
American Express (Amex) Preferred Rewards Gold Credit Card
Up to £280 bonus and up to 1% back
Best for welcome bonus
If you’ve not had an American Express reward or cashback card in your name for two years then you are entitled to a welcome bonus – and this card gives the biggest cash bonus in year one.
You need to spend £3,000 in the first three months to earn 20,000 bonus points. You’ll also earn a point per £1 spent, giving you 23,000 points. This converts to a gift card valued at £115.
But if you’re willing to exchange those points for Avios points and then switch them again to Nectar points, the value increases to £153.
Often the bonus is boosted to 30,000 points, or 32,000 if you go via a refer-a-friend link. That, along with the 3,000 points from spending will add up to £233 in Nectar points.
The £160 annual fee is waived in year one, so it makes sense to cancel this card after 12 months and switch to a different card. Here’s my full review of the Preferred Rewards Gold card.
Best ongoing reward rate
For other American Express cards, make sure you check out my guide to the best Amex options. Here’s a quick summary.
American Express (Amex) Nectar Credit Card
£100 bonus and 1% back
This card is worth 1% as you’ll get two Nectar points back for every £1 spent. However, you are limited where you use your points to just Nectar partners.
The points can be used at face value in these and a few other shops. Here are the best ways to use Nectar points.
There’s also a bonus worth £100 if you spend £2,000 in the first three months. Unlike the cashback Amex welcome deals this is on top of the points you’d earn for this spend – potentially worth another £20 or £30.
A £25 fee is waived in the first year but will cut into your return from year two onwards.
What you can earn:
- Bonus 20,000 Nectar points when you spend £2,000 in your first three months – worth £100
- 2 point for every £1 spent (equivalent to 1%)
Fees, details and how to apply:
- Points claimed via Nectar account
- £25 annual fee (free in your first year)
- Get a bonus £30 cashback when you apply via TopCashback or similar via a referral link.
- Not joined a cashback site? Get an extra £10 to £17 bonus when you sign up
Alternative Amex cashback credit cards
If you’d rather have actual cashback rather than Nectar points then you can choose between a couple of Platinum Cashback Amex cards. The rate changes in early August 2021. You’ll only get the welcome bonus once, unless you’ve not held any Amex in your name for two years.
American Express (Amex) Platinum Cashback Credit Card
Up to 1.25% back
Great for the highest cashback rates
This card will earn you 0.75% for every £1 you spent, increasing to 1.25% once your annual spend goes over £10,000.
You’ll get paid in cash rather than points for spending on this card, giving you the flexibility to use the money saved through it how you want. It’s credited to your card around your 12 month anniversary.
Though this card comes with a £25 fee, you’re able to get £20 (at the time of writing) extra through applying for the card via cashback site Quidco.
The welcome bonus is 5% on the first £2,500 spent in the first three months, making it better than the Gold option if you don’t think you’ll spend £3,000 in that time.
What you can earn:
- 5% for the first three months (up to £2,500 spend) – worth up £125
- 0.75% on spend up to £10,000 – worth up to £75
- 1.25% on spend over £10,000 – no cap
- Additional cashback offers you can add to your card throughout the year via your account
- More on this and other American Express credit cards
Fees, details and how to apply:
- £25 annual fee
- Get a bonus £20 cashback when you apply via Quidco
- Not joined a cashback site? Get an extra £17 bonus when you sign up
- Got a friend with one? See if they’ve got a referral code to earn you both some cash
American Express (Amex) Platinum Cashback Everyday Credit Card
£100 bonus and up to 1% back
Good for lower spenders
Very similar to the Amex Platinum Cashback card except you get lower rates in exchange for no card fee. This could be a better option if you are likely to spend less than £5,000 a year on the card.
What you can earn:
- 5% for the first three months (up to £2,000 spend) – worth up £100
- 0.5% after on spend up to £10,000 – worth up to £50
- 1% on spend over £10,000 – no cap
Fees, details and how to apply:
- No annual fee
- You must spend at least £3,000 a year to qualify for cashback
- Get a bonus £15 cashback when you apply via TopCashback
- Not joined a cashback site? Get an extra £10 to £17 bonus when you sign up
Read more about other American Express cashback credit cards here.
Mastercard reward and cashback cards
I’ve gone with the John Lewis Partnership card but the best one will really depend on where you tend to shop the most.
Barclaycard Avios credit card
Equivalent of 0.67% back in Nectar points & £33 welcome bonus
This card earns Avios points, but swap them for Nectar and you’re getting a decent cashback rate. Here’s full details of how it and the paid for Barclaycard Avios Plus work.
What you can earn:
- 1 Avios point per £1 spent
Fees, details and how to apply:
- No annual fee
- Bonus 5000 Avios if you spend £1,000 in the first three months
- Mastercard
- Apply for a Barclaycard Avios credit card
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+ Get a £17 Quidco bonus (new members only). More details



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Get a £17 Quidco bonus (new members only). More details



John Lewis Partnership card
Up to 1.25% back
Great for John Lewis and Waitrose shoppers
Every 500 points you earn are converted to £5 John Lewis vouchers, which can also be spent at Waitrose. They’re sent in the post up to three times a year – so you will have to wait to spend your rewards.
The card is also interest-free for the first nine months and you can use it as a balance transfer card too for 18 months (2.9% fee).
From time to time there are welcome bonuses and double point events.
What you can earn:
- 4 point per £5 spent at JL or Waitrose (worth 1.25%)
- 1 point per £4 spent elsewhere (worth 0.25%)
Fees, details and how to apply:
- No annual fee
- Bonus for new applicants from time to time (usually January)
- Mastercard
- Apply for a John Lewis credit card
M&S Bank Rewards
Up to 2% back & £30
Great for regular M&S shoppers
If you shop lots at M&S you will get double points there for the first year, making it the equivalent of 2% cashback. That’s very good if you regularly shop at Marks. There’s also a membership scheme for customers with extra rewards. Here are more details in my M&S Club Rewards review.
But the Amex and John Lewis cards are better options for spending elsewhere. There’s also another fiver you’ll get with your card.
What you can earn:
- £30 M&S e-gift card (with conditions, see deal box below)
- 2 points (i.e. 2%) per £1 spent at M&S for the first 12 months, then 1 point per £1
- 1 point per £5 (i.e. 0.2%) spent elsewhere
- 0% purchase for first 12 months
- No cap on annual cashback you can earn
Fees, details and how to apply:
- No annual fee
- Mastercard
- Apply for a Marks and Spencer Bank credit card
Visa reward and cashback cards
Barclaycard Rewards
0.25% back
Great for regular travellers
There are a couple of benefits to this Barclaycard. First, you will earn the cashback and pay no fees on transactions abroad as well as in the UK.
Second it’s a Visa rather than Mastercard. That shouldn’t really matter, but in the past I’ve been to countries where for some reason only Visa worked.
What you can earn:
- 0.25% on every £1 spent
- No fees for using abroad
- No cap on annual cashback you can earn
Fees, details and how to apply:
- No annual fee
- Visa
- Check eligibility for the Barclaycard Rewards credit card
Reward points & air miles vs cashback credit cards
There are two types of card which earn you money as you spend. Cashback credit cards pay you back in cold, hard cash. Well, it’s usually credit to your card, but you get to spend that as you want.
Reward cards are slightly different as you get points, which are usually then transferred into vouchers at the linked retailer.
Sometimes the points are for airline schemes and you use them to get cheap flights or upgrades. However these come with restrictions so unless you fly regularly and rack up lots of these I think you’re better off avoiding these, or in the case of Avios, converting them to Nectar.
More on the points vs cashback question here.
Hi Andy, Halifax and Lloyds don’t have the cashback credit card. Do you think the natwest platinium is a good alternative to this cards? I do spread my spending on several supermarkets, but most of them I use gift card websites (4-7% savings). It would be great to have another saving on top of those ones.
TopCashBack with the American Express Platinum Cashback Everyday Card is just a £5 bonus now, I’m afraid! Still going to give it a try:-)
Hi Andy,
Thank you for your useful articles. Amex is not working with Curve so I am looking for an all-round non-Amex credit card. Given that I’ve just opened Chase, cashback may not be the most important feature to me in a credit card. What is your thoughts on Santander all in on credit card?
I was looking forward for your May update regarding credit cards. Fantastic as always!
I’m curious about knowing your thoughts in regards to NatWest reward credit card ?
Thanks Yucando! I’ll take a proper look. It could be that with the Amex Platinum cuts it’s a good all-rounder if you go to multiple supermarkets, or ones that don’t offer their own card.
Re John Lewis and M&S cards: Can I pay them back in store at a till or do I have to do a direct debt? Just because it would be easier for me to go into the store and pay these cards back at a till in cash.
M&S cards can be paid in stores (when open). John Lewis is via bank transfer, DD or cheque
Sadly, Tandem is now closed. They have given their 3 months’ notice earlier this month and will cancel their card by Nov 2020.
Yes, I ditched my card earlier this year when they started charging a fee. But it’s a shame their leaving the market.
Re John Lewis Partnership Credit Card
Just received a letter stating that the cashback is going to be ‘updated’.
You will get 5 points with a £4 purchase at JLP and Waitrose – where you are getting 1 point for a £1 spend at the moment -, but spend in other shops is going down to 1 point for a £4 purchase. Not such a good deal any more then. This will come into effect on 4 September.
Thanks Dorit, really useful to know. I’ll update the guide. Andy
Yes with John Lewis you used to get a quite generous number of café vouchers for free tea or coffee and cake. Now it tends to be just one or two vouchers, and that about every four to five months it seems to me. Though of course that is suspended at the moment with Coronavirus lock down.
I think they have also tightened up on the credit period that you could wait for before paying the bill.
Also fully agree with paying the bill every month. Interest can certainly add up if you spend say five or six hundred pounds on the card for some capital item, and you pay it off over two or three instalments. Need to watch that.
Hi Andy,
I used your referral link and the voucher did not process so I emailed Tandem and they require your name and email before the voucher can be processed
How is a tandem card better than a partnership card?
If I spend £100 at Waitrose/John Lewis with a partnership card 1 get £1 cashback
If I spend £100 at Waitrose /John Lewis with a tandem card I get 50p cashback
Everywhere else they are exactly the same 0.5% cashback.
As for using the card abroad there are no fees for using the card but you still have to pay 18.0% to get 0.5% cashback.
Or am I missing something?
Hi Richard. It’s Amex that I think is better to use at John Lewis and Waitrose as you can also get the 1% or more at lots of other places. The Tandem is my back up for those that don’t use Amex. And as long as you pay off the balance you won’t get charged any interest. If you can’t clear the balance then best to avoid credit cards in all cases but emergency (or section 75 protection).
Forget cashback.Much better is to take out a succession of longterm 0% interest cards -pay only the minimum each month (by direct debit) and transfer the balances to 0% balance transfer cards that charge no transfer fee when the interest free period nears its end.Keep the amount owing in an instant access account earning 1.5% Marcus for example and the interest you earn will soon dwarf any cashback or reward scheme.I have been doing this for around three years and now have roughly £15000 “debt” earning £200+ pa. On an annual credit card spend of around £5000 that equates to an ongoing discount of around 4%
With the American Express (Amex) Platinum Cashback Everyday Credit Card you must make purchases of at least £3000 / year “to be eligible to receive your cashback”!
I’ll struggle to do this – recently tried to use it to pay for car insurance – not accepted of course, same story for heating oil.
Hi Eric, oh that’s a shame. £3,000 a year works out as £58 a week. You should be able to use an Amex at the supermarket and most major petrol stations, which hopefully would account for the bulk of it.
Can we use to pay our rent, mobile monthly charge, iCloud, and restaurants and supermarkets?
We don’t get any fee for doing that with this one right?
If the merchant accepts the card then you won’t face any extra charges (the main exception is if the transaction is treated as a cash advance e.g. if used to buy currency or at an ATM). Most landlords won’t accept credit or debit cards though.
Hi Andy, Tandem say they need to know the email address used to set up your card to verify the £10 Amazon voucher referral. Can you help?