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Sam | Edited by Martin

Updated December 2017

Best credit card rewardsSpend on one of these cards and they pay you – either in pure cashback or points which can be converted into vouchers for shops, airlines, hotels and more. Do it with maximum care and discipline and you can earn £100s of goodies each year.

If you're debt-free and pay off your card every month, you might as well get paid to spend. This guide analyses the top deals, and explains the potential pitfalls.

Will these cards last forever? This guide is fully up to date. However, there is a chance some card firms could cut rewards in future, as the EU has capped the charges providers can levy on shops each time you use their plastic, which funds rewards. Capital One, RBS, M&S, Tesco Bank and Amex have already cut rewards for some customers. So enjoy the perks while you can.

The six golden rules

Reward cards can be a great way of earning £100s' worth of bonuses, just for doing your everyday spending. It sounds great – everyone loves something for nothing. But unless you're careful, cards will actually deliver nothing for something, as there are a couple of major holes to watch for. Here are the golden rules to get the best from them...

  • Set up a direct debit to repay in full each month so you'll never pay interest, which will dwarf the gain

    0% Credit Cards

    Getting charged interest almost always scuppers even the very best reward schemes, so quite simply…

    If you want rewards, always set up a direct debit to repay the card in full each month, so there's NO interest.

    Sadly, some card providers deliberately miss the 'repay in full' option off their direct debit forms. If so, just write 'pay off in full' and send it in. It should be honoured, but call and check to be safe.

    If you're not sure you can always repay the card in full, DON'T pick a card for rewards. Focus on a card with a lower interest rate instead – see our 0% Credit Cards for Purchases guide.

  • Use the card for all NORMAL spending to max rewards

    Once you've set up a credit card, every time you use it you get paid. While this isn't an excuse to spend more, it does mean from now on…

    Use the rewards card for ALL normal spending, replacing cash, cheques and other debit, credit and charge cards.

    For those who have work expenses they need to reclaim, this can be a powerful way to earn more, at no cost to you, provided you can cope with paying the bill in full each month.

    Do check it's fine with your employer though, as there's a chance it could be seen as a taxable benefit (you'll still be up even if it is).

  • Check the rewards are right for you

    Some schemes are focused on making people think they're earning large, when actually payouts are pretty paltry, so go through our best buys below meticulously to check which you'll actually get value from. To what extent depends on the type of scheme.

    • Rewards schemes

      Here you earn days out, flights, holidays and more by getting points – and that's where the problems start, as Martin points out...

      "Martin Lewis, site founder and editorFor a TV programme stunt I was once asked to design a credit card that looked good, but contained hidden, abysmally anti-consumer traps. Many signed up to my fake MACS card (SCAM backwards), which promised TWELVE points per pound spent.

      "Most people didn't ask what the points were worth. In fact, they were worth 0.0001p. In other words, nothing. And 12 nothings… is nothing.

      "It's this lack of transparency that allows reward schemes to create a magical 'something for nothing' mystique. A Sainsbury's Nectar point is worth up to 1p compared to a Tesco Clubcard point worth up to 4p, so one Clubcard point is worth almost four times more than a Nectar point.

      "That's what this guide focuses on: a mathematical evaluation of every scheme to pick the real winners."

    • Cashback or 'close to cashback' cards

      With cashback cards you earn cash each time you spend, and it's then usually paid once a year as a lump sum (see our Top Cashback Cards guide). The main advantages are that you know exactly what you're getting and can spend the rewards anywhere.

      'Close to cashback' schemes are where money earned can be converted into gift vouchers or can only be spent in a specific shop, eg, M&S. They're great if you'll use them, useless if you won't.

  • Use our eligibility calculator before applying for a speedy check of which cards you're most likely to get – and protect your credit score

    Usually, the only way to know if you'll be accepted for a card is to apply, but each application marks your credit file. But our Reward Credit Card Eligibility Calculator quickly shows your odds of getting almost every top reward card so you can find the ones most likely to accept you, thus minimising applications.

    Quick questions

    How does the eligibility calculator work?

    Will credit scoring affect the deal I get and my credit limit?

  • Or join our Credit Club for a full credit health check, including your free Experian Credit Report, Affordability Score and Credit Hit Rate

    The MSE Credit Club is a game-changer. For years the credit market has been shrouded in mystery, but our revolutionary tool brings together the key components to give you the full picture and – crucially – what it means for your acceptance chances, and how to boost your creditworthiness.

    A credit score alone isn't enough to borrow, as there are other factors at play (it's why many with perfect scores still get rejected). Credit Club shows you...

    1. Free Experian Credit Report – Your credit accounts and how you've managed them.
    2. Free Experian Credit Score – How lenders rate your past credit behaviour.
    3. MSE Affordability Score – How lenders assess if you can afford a product.
    4. Your Credit Hit Rate –
    How likely you actually are of being accepted when you apply.
    5. Credit Card and Loan Eligibility Calculators
    – What your odds are of getting specific top deals.
    6. How to improve your credit profile – We show where your profile's strong and weak, and how to improve it.

  • Boost the value of your points

    Boost the value of your points and rewards

    By correctly targeting the right rewards to redeem your points on, it's possible to substantially increase the amount. To find out how to do this for all schemes and specific info for Nectar, Avios and Tesco, read our Boost Your Loyalty Points and Avios Boosting Tricks guides.

Best BuysTop cashback cards

Top cashback cards

These are the top cashback cards available, which have a big intro bonus. For full options see our Top Cashback Cards guide.

amex

Top pick as highest payer, giving up to 5%, but not accepted everywhere

Amex Plat Everyday*

The American Express* Platinum Cashback Everyday is the top fee-free card, especially if you've big spending to do in the next few months. This is because it has a 5% introductory rate (though only on your first £2,000 of spending, so max £100), then tiered ongoing cashback.

Need-to-knows
  • You earn 5% for the first three months (on max £2,000).
  • You need to spend at least £3,000 in the year to receive any cashback.
  • After the intro period, you earn 0.5% cashback on spending up to £5,000/year.
  • All spending above £5,001 in a year will earn 1% cashback.
  • Repay in full EVERY month to avoid the 22.9% representative APR as interest will quickly wipe away the cashback gains.

Spend over £9,000 on it a year? In that case, try the Amex Platinum (eligibility calc / apply*). It has a £25 annual fee, but gives the intro 5% rate on up to £2,500 of spending (so max £125) and then tiers up to 1.25% in cashback and so is a winner for bigger spenders. Repay IN FULL or it's 28.2% rep APR (incl fee).

Eligibility Calculator
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Stats box
  • Representative variable rate: 22.9% APR (Official APR Example)
  • Cashback: 5% in first three months (max £100), then up to 1% after
  • Annual fee: None
  • Min income: N/A
  • Max cashback/year: None
  • Cashback expiry: N/A

Best BuysTop airline cards

Airline credit cards and rewards

There are a variety of different schemes, but part of the choice depends on which airlines you prefer and their availability, as often the big gain comes from using credit card points along with points from frequent flying.

Watch out for taxes and charges, though, as all reward schemes make you pay these on top when you book a flight using points.

In some cases (especially if travelling within Europe) it might be cheaper to fly with a budget airline instead of paying the tax on top of your Avios points. Read our Cheap Flights guide to see if you can get cheaper flights.

We've only listed the top fee-free card but you can earn more airline rewards with other cards which charge a fee. Frequent flyers should read Airline Credit Cards for all our top cards.

BA

Top fee-free card if you like to travel, plus free companion flight at £20k+ spend

BA Amex*

Fancy yourself as a bit of a jet-setter? Then the British Airways Amex* can reward you with free flights. Plus, if you're accepted you can get 5,000 bonus Avios points, but you need to be flexible with dates as seats are sometimes limited. You can also get a 'free' companion ticket if you spend £20,000/year on the card.

Need-to-knows
  • You'll earn one Avios point per £1 spent on the card.
  • Spend £1,000 within the first three months and you'll get the bonus 5,000 Avios points.
  • Spend £20,000/year, and you get one free 'companion ticket' when booking a flight with Avios. The free ticket can be used to get the same ticket type as the cardholder (if you go first class, so do they), though only on BA. You'll still need to pay taxes and charges on top.
  • Compare other frequent flyer cards in our Airline Credit Cards guide.
  • See more ways to boost your Avios points.
Eligibility Calculator
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Stats box
  • Representative variable rate: 22.9% APR (Official APR Example)
  • Annual fee: None
  • Reward scheme: BA Miles (Avios points)
  • Points per £100: 100
  • Taxes included? No
  • Points' expiry: Three years after you collect your last. Can I buy extra miles?

Best BuysTop supermarket and stores loyalty cards

Some cards give boosted rewards, vouchers or cash for certain retailers or when spending in a particular store. They can be useful if you're a creature of habit, and like to do your weekly shop at the same place every week.

Amex Nectar

Get 20,000 Nectar points, worth £100, for normal spending, plus ongoing cashback

Amex Nectar*

Spend £2,000 on the Amex Nectar* card within three months, and you'll get 20,000 bonus Nectar points. These are worth at least £100 and can be spent at Nectar retailers such as at Sainsbury's.

Just do your normal spending on it to get the bonus, and remember to cancel after one year if you want to avoid the £25 annual fee that kicks in from year two.

As well as the bonus, you'll earn two Nectar points per £1 spent on the card (plus your usual Nectar points).

Need-to-knows
  • You'll receive the 20,000 points bonus once you hit the trigger spend.
  • There's an annual £25 fee, but it's waived in the first year. When the year is up, cancel the card if you don't want to pay it.
  • Usually one Nectar point is worth 0.5p and you can spend them on anything in the Nectar range. Some retailers give 1p per point, making this freebie worth £300 at theme parks Legoland, Alton Towers, Thorpe Park etc (read Loyalty Schemes for ways to max these).
  • You need to give your Nectar card number when you apply for the credit card.
  • You can't get the bonus if you've had the Amex Nectar card in the last six months.
  • Always carry a back-up card, as Amex isn't accepted everywhere, especially in a lot of smaller retailers.
  • Make sure you repay IN FULL every month or you'll pay 22.9% interest, which'll quickly wipe out the rewards gain. The easiest way to do this is setting up a direct debit to repay in full.
Eligibility Calculator
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Stats box
  • Representative variable rate: 18.9% APR (Official APR Example)
  • Annual fee: £25 (waived in year 1)
  • Reward scheme: Nectar points
  • Value of one point: 0.5p (1p at some retailers)
  • Points' expiry: One year if you don't collect or spend any points
  • Points per £100: 200
Sainsburys Credit Card

Earn £50 in bonus Nectar pts if you spend £350 in Sainsbury's plus ongoing rewards and a decent 0% on spending

Sainsbury's Nectar* 2 pts per £1 spent in Sainsbury's

If you shop at Sainsbury's and don't want the Amex Nectar card above then the Nectar Purchase* credit card gives you a boost on the Nectar points you earn when shopping there.

Plus, you'll get 1,000 bonus Nectar points worth £5 each time you spend £35+ in Sainsbury's in the first two months from receiving your card (max 10,000 points, worth £50). Doing a big shop? You can split it into smaller £35 chunks to max the bonus, getting 1,000 points on each transaction.

As well as the bonus, you get two Nectar points for every £1 you spend in Sainsbury's, or one Nectar point for every £5 elsewhere. On top of this, there's also a decent 31 months 0% on spending, but only use this if you're disciplined and can fully repay at the end of the 31 months.

Need-to-knows
  • New customers applying by Thu 28 Dec will get 1,000 bonus Nectar points worth £5 each time they spend £35+ in Sainsbury's in the first two months from receiving their card – but don't use this as an excuse to spend more than you normally would.
  • You can also shop online at Sainsbury's to trigger the points bonuses, but buying fuel at Sainsbury's petrol stations doesn't count.
  • Usually one Nectar point is worth 0.5p and you can spend them on anything in the Nectar range. Some retailers give 1p per point, making this freebie worth £300 at theme parks Legoland, Alton Towers, Thorpe Park etc (read Loyalty Schemes for ways to max these).
  • You need to give your Nectar card number when you apply for the credit card.
  • The bonus points will be added to your Nectar account within two months of the end of the offer period.
  • You'll be charged 18.9% representative APR if you don't pay the card off in full at the end of each month.
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Stats box
  • Representative variable rate: 18.9% APR (Official APR Example)
  • Annual fee: None
  • Reward scheme: Nectar points
  • Value of one point: 0.5p
  • Points' expiry: None unless account is closed
  • Points per £100: Up to 200
amex

£25 to spend at M&S, plus earn points for spending, equiv to 2% in first year

M&S Bank*

If you're a die-hard M&S shopper, this could be spot-on. The M&S Bank* Reward Plus gives sign-up bonuses that add up to £25 in M&S vouchers.

Spend anything on the card, anywhere – even just 1p – within 90 days of account opening and you'll receive a £20 M&S voucher. Plus you get 500 bonus points, worth £5, the first time you use the card at M&S.

You also earn two points for every £1 spent at M&S in the first year, and one point for every £1 spent in subsequent years. You'll earn one point for every £5 elsewhere. One point is equivalent to 1p, and points convert into vouchers every three months.

Need-to-knows
  • To get the £20 M&S voucher, you have to make a purchase within 90 days. The voucher will be loaded to your account within 30 days and sent in your next rewards mailing.
  • You'll also get a voucher to swipe (or use the code online) which'll get you 500 bonus points once you use your card to pay for something in M&S. The 500 points are equivalent to a £5 M&S gift voucher. This voucher will be sent by post with your card.
  • You cannot get the card if you're an existing M&S Credit Card holder or if you've held a credit card with M&S Bank within the past 12 months.
  • There's a six-month 0% period on spending with the card, a nice bonus, but don't feel you need to use it. If 0% spending is what you're looking for, see our 0% spending guide.
  • Outside of the six-month 0% period, you'll pay 18.9% rep APR, though poorer credit scorers may get a rate up to 22.9%.
  • Always pay at least the minimum monthly repayment, or you'll lose the 0% deal.
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Stats box
  • Representative variable rate: 18.9% APR (Official APR Example)
  • Annual fee: None
  • Reward scheme: M&S points
  • Value of one point: 1p
  • Points' expiry: Points last two years
  • Points per £100: 200 in M&S (first year); 20 elsewhere
Debenhams

£25 to spend at Debenhams, plus earn 0.5% back in rewards (3% at Debenhams)

Debenhams*

If you shop at Debenhams, it may be worth considering the Debenhams* credit card. If you apply by Fri 15 Dec you'll receive a £20 gift card if you spend at least £100 on the card – anywhere – before 15 Jan 2018. You'll also get 500 bonus points, worth £5, when you sign up for the card.

Plus, it gives 3% back in points when shopping at Debenhams and 0.5% elsewhere. The points are converted into gift vouchers which can only be spent at Debenhams.

Need-to-knows
  • To get the £20 gift card, you must apply using our link, or at MoneySupermarket (we're part of the same group), spend £100 before 15 Jan 2018, pay on time and not bust your credit limit.
  • The £20 gift card will be sent by email in January 2018.
  • The 500 bonus points will arrive as a £5 voucher and can only be used in Debenhams stores when spending on your Debenhams card.
  • The card gives three points for every £1 spent at Debenhams and one point for every £2 spent elsewhere – equivalent to 3% back on Debenhams spends and 0.5% on everything else.
  • Don't use the card as an excuse to spend more than you normally would at Debenhams – always check prices elsewhere.
  • Make sure you repay IN FULL every month or you'll pay 24.9% interest, which'll quickly wipe out the rewards gain. The easiest way to do this is to set up a direct debit to repay in full.
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Stats box
  • Representative variable rate: 24.9% APR (Official APR Example)
  • Annual fee: None
  • Reward scheme: Debenhams credit card points
  • Value of one point: 1p
  • Points' expiry: N/A
  • Points per £100: 300 in Debenhams; 50 elsewhere
ii

Get a £10 Amazon gift card, plus earn 0.5% in ongoing rewards (0.75% at Amazon)

Amazon Platinum

If you're a regular Amazon shopper it may be worth considering the Amazon Platinum credit card. It's a good card if you spend a lot at Amazon and want to get something back on your spending. Reward points can be converted into Amazon gift cards, equivalent to 0.75% back on Amazon spends and 0.5% on everything else. However, rewards are only redeemed once you hit a hefty 1,000 points – which is equivalent to £2,000's worth of non-Amazon spending – so it could take a while to hit the trigger.

Plus, accepted applicants will automatically receive a £10 Amazon gift card straightaway.

Need-to-knows
  • The £10 gift card will be applied to your linked Amazon account on approval if you qualify for 'Amazon Instant Spend', otherwise it will be applied to your account when you activate the card.
  • The card gives 1.5 Amazon Reward Points for every £2 spent at Amazon and 1 point for every £2 spent elsewhere.
  • On top of the £10 gift card upon approval, you'll also get a £10 Amazon gift card applied to your account when your balance reaches 1,000 points. This will be loaded to your account within two working days of your statement date.
  • Don't use the card as an excuse to spend more than you normally would at Amazon – always check prices elsewhere.
  • Make sure you repay IN FULL every month or you'll pay 21.9% interest, which'll quickly wipe out the rewards gain. The easiest way to do this is to set up a direct debit to repay in full.
ELIGIBILITY CHECK NOT AVAILABLE
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Stats box
  • Representative variable rate: 21.9% APR (Official APR Example)
  • Annual fee: None
  • Reward scheme: Amazon Reward Points
  • Value of one point: 1p
  • Points' expiry: None unless account is closed
  • Points per £100: 75 at Amazon; 50 elsewhere
tesco

Good if you regularly shop at Tesco, with long 0% on spending

Tesco Clubcard

If you always buy your weekly shop at Tesco it may be worth paying for it on the Tesco Clubcard credit card, which gives you extra Clubcard points on top of the ones you'd normally collect.

You earn one Clubcard point for every £8 spent and one point per £4 spent at Tesco – on top of the one point per £1 you get with a standard Clubcard. One point's worth 1p if spent at Tesco, but this is boosted to up to 4p if redeemed for some of Tesco's special Clubcard Rewards vouchers.

Need-to-knows
  • Clubcard Rewards vouchers can be used for a huge array of mainly entertainment-based treats.
  • There's also up to 30 months 0% on spending, which means you only have to pay the minimum balance each month and you won't be charged interest. But after the 0% period ends you must repay the card in full or you'll be charged 18.9% rep APR (some poorer credit scorers could get up to 25.9%).
  • The Tesco Premium card (eligibility calc / apply*) offers up to four times as many Clubcard points on spending, and also gives a 5,000 point bonus if you spend £5,000 in a year at Tesco. However it comes with a hefty £150/yr fee, so is only a decent option if you're a high spender at Tesco (always pay in full to avoid 19.9% interest on spending). Rep APR is 56.5% (incl fee).
ELIGIBILITY CHECK NOT AVAILABLE
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Stats box
  • Representative variable rate: 18.9% APR (Official APR Example)
  • Annual fee: None
  • Reward scheme: Tesco Clubcard points
  • Value of one point: Up to 4p on Rewards, 1p in store
  • Points' expiry: Points last two years, Rewards vouchers for an extra six months
  • Points per £100: Up to 25

Best BuysTop 'close to cashback' cards

Some reward cards give you points on all of your spending. These can come close to cashback cards as they offer the ability to spend points earned in a wide variety of places.

Amex Preferred Rewards Gold Card

Get £100 M&S/Amzn vch or 20,000 Avios for normal spending + 2 free airport lounge passes

Amex Gold*

This is a charge card, not a credit card. But if you're accepted for the Amex Preferred Rewards Gold* card, and spend £2,000 within the first three months, you'll get a bonus 20,000 reward points, equal to £100 in high street vouchers or 20,000 airline frequent flyer points (see need-to-knows below for exactly where you can redeem them).

Plus you'll get membership for the Lounge Club scheme. It gets you two free visits at its affiliated airport lounges (see which lounges you can use) which you can use for yourself twice, or yourself and one guest.

Need-to-knows
  • It's a charge card so you HAVE to pay it off each month. There's no credit facility.
  • If you don't pay it off, you'll get a £12 late fee, and a missed payment on your credit report.
  • The card usually has a £140 annual fee, but for now is fee-free in the first year. To avoid paying £140, remember to cancel before year two starts.
  • You earn one point per £1 on day-to-day spending and two points per £1 spent directly with airlines or in a foreign currency.
  • Points can take up to a month to hit your Amex account (though we've seen 'em applied the day you hit the trigger spend).
  • As soon as the points are in your account, you can convert them into vouchers for Amazon, M&S, House of Fraser, PC World and more, though retailers vary. Gift cards are sent by post (and received within 10 working days) or email.
  • Alternatively, you can convert them to frequent flyer or hotel scheme points and add them to your current stash. Point transfers to other schemes can take up to five working days.
  • You can also now use your points to pay off purchases, with them effectively working as cashback. However, you receive slightly less than you'd get exchanging for vouchers; 1,000 points gives £4.50 'cashback' vs £5 in vouchers.
  • You can only use your Lounge Club membership if you still hold the Amex. Additional guests or visits are £15 each, charged to your Amex. See more Free or Cheap Airport Lounge Access tips.
  • Always carry a back-up card, as Amex isn't accepted everywhere, especially in a lot of smaller retailers.
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Stats box
  • Cashback: Vouchers equivalent to up to 1% (plus 20,000 bonus points)
  • Paid out: Monthly
  • Max 'cashback'/year: Unlimited
  • Min spend: £2,000 for bonus | Card issuer: Amex
  • Annual fee: No fee in year one, but £140 from year two onwards
  • Min income: N/A
Key questions

What rewards can I get from this card? We've analysed how much you might get back from different levels of spending...

Annual overall spend £3,000 £5,000 £10,000 £20,000
Points earned, incl bonus 24,500 27,500 35,000 50,000
Converting to vouchers £100* £125* £175 £250
Assumes 50% of spending on air travel and abroad and 50% elsewhere
* = doesn't use the entire points total

How can I further boost points? You get a 10,000-point bonus on the anniversary of taking out the card if you've spent more than £15,000, but remember if you keep the card into a second year, you'll pay the £140 annual fee.

You can also boost your points by getting a supplementary card (for a partner/friend), whose spending will then earn points. The first card is provided free, though any more will cost £45.

Plus, if you have a friend who has the card, get them to recommend you, and both you and they get 2,000 bonus points.

ii

Get £50 M&S/Amzn vch or 10,000 Avios for normal spending – an alternative to the Amex above for lower spenders

American Express*

Spend £1,000 on the Amex Rewards* credit card in the first three months and you'll get 10,000 bonus points, worth £50 in vouchers at retailers such as Amazon and M&S.

Need-to-knows
  • You won't receive the bonus if you already have or previously held an Amex Membership Rewards card within the past six months.
  • As well as the bonus, you'll earn one membership point per £1 spent on the card.
  • Points can take up to one month to hit your Amex account (though we've seen 'em applied the day you hit the trigger spend).
  • As soon as your points are in your account, you can convert them into retail vouchers, frequent flyer points, hotel schemes and more. For full options see the Membership Rewards site.
  • Gift cards are sent by post (and received within 10 working days) or email.
  • You can also now use your points to pay off purchases, with them effectively working as cashback. However, you receive slightly less than you'd get exchanging for vouchers; 1,000 points gives £4.50 'cashback' vs £5 in vouchers.
  • Your Membership Rewards points will be shown live on your card membership account homepage and your paper statement.
  • If you're having issues with this card you can contact Amex on 0800 1696 767.
  • Always carry a back-up card, as Amex isn't accepted everywhere, especially in a lot of smaller retailers.
  • Make sure you repay IN FULL every month or you'll pay 22.9% interest, which'll quickly wipe out the rewards gain. The easiest way to do this is to set up a direct debit to repay in full.
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Stats box
  • Cashback: Vouchers equivalent to up to 0.5% (plus 10,000 bonus points)
  • Paid out: Monthly
  • Max cashback/year: Unlimited
  • Annual fee: None | Min spend: £1,000 for bonus | Card issuer: Amex
  • Rate: 22.9% representative APR (Official APR Example)
  • Min income: N/A

Best BuysTop bank account-linked cards

With some cards you need to have the issuing bank's current account to be eligible. It's usually not worth switching just to get a credit card's rewards – however, the two cards below are associated with some of our top-pick bank accounts, so if you're switching anyway, see these cards as another perk on top.

TSB

Good option if you bank with TSB – get 1% cashback each month (max £5/mth) until Jun 2018

TSB Platinum Purchase*

Those with a TSB current account – one of our top-pick interest-paying bank accounts – can also get the TSB Platinum Purchase* credit card. It gives 1% cashback on spending each month up to a maximum of £5, though the offer's only running until 30 June 2018.

Need-to-knows
  • To qualify for cashback, you need to hold or switch to a TSB current account.
  • You need to spend £500 each month to get the full £5. If you spend less, you'll still get 1% of it as cashback.
  • Ensure you pay off in full every month, or you'll be charged 18.9% representative APR which'll quickly wipe any cashback gain. The easiest way to repay in full is to set up a direct debit.
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Stats box
  • Cashback: 1% on spending (max £5/mth)
  • Paid out: Monthly
  • Max cashback/year: £60
  • Annual fee: None | Min spend: N/A | Card issuer: Mastercard
  • Rate: 18.9% representative APR (Official APR Example)
  • Min income: N/A
Halifax

Decent option if you've a Nationwide account – get 0.5% cashback until Jan 2018

Nationwide Select

If you already hold a Nationwide current account then you can get Nationwide's Select credit card which gives 0.5% cashback on all spending in the UK, though it's dropping to 0.25% on 11 Jan 2018.

This card is also a best buy in our Travel Credit Cards guide, but it's not worth getting the current account just for this card as the cashback can be beaten.

Need-to-knows
  • To qualify, you need to hold a Nationwide FlexAccount current account and pay £750 a month into it (and have done so for the last three months), or the Nationwide FlexDirect (no fee, pays interest) or FlexPlus (£13/month) current accounts.
  • The Nationwide FlexAccount comes with free UK and European travel insurance.
  • There's also 12 months 0% on spending. After this you'll be charged 15.9% representative APR so ensure you clear the card before the interest kicks in.
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Stats box
  • Representative variable APR: 15.9% (Official APR Example)
  • Annual fee: None
  • Reward scheme: Cashback, paid annually
  • Cashback: 0.5% of monthly spend until 11 Jan 2018, 0.25% after.
  • Min income: £5,000
  • Max cashback/year: Unlimited
  • Linked accounts: Any Nationwide current account

Cashback sites may pay you for signing up

As an extra boon, members of specialist cashback websites can be paid when they sign up to some financial products. Do check that it's exactly the same deal though, as terms can be different. And remember the cashback is never 100% guaranteed until it's in your account. 

Full help to take advantage of this and pros and cons in our Top Cashback Sites guide.

Reward cards Q&A

  • Is it OK to use a reward card alongside a credit card with existing debt?

  • Do I get Section 75 protection on these cards?

  • Can I transfer a balance to a reward card?

  • How do they make money if I always repay?

  • How many reward cards can I have?

  • Is it worth going for a card that gives bigger rewards in one store?

  • Can I withdraw cash on a reward card?

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