Rewards, cashback, and exclusive perks - who doesn't want them? With so many credit card options available in the UK, it can be overwhelming to choose the one that gives you the most benefits. But worry not! We at Flik Eco have done the research for you to present the best credit cards in the UK for rewards. Ready to start earning while you spend? Let's dive in!
Best Credit Cards In UK For Rewards Table of Contents
1. American Express Platinum Cashback Everyday Credit Card
1. American Express Platinum Cashback Everyday Credit Card
This card is perfect for those looking for a solid, no-fuss cashback credit card. In addition to no annual fee, you'll receive a generous welcome bonus and competitive cashback rates.
- Welcome bonus: 5% cashback on your first £2,000 of purchases within the first three months (maximum £100 cashback)
- Cashback on ongoing spending: Up to 1% depending on your spending level
- Annual fee: None
- Introductory offer: 0% interest on purchases for the first three months
However, note that this card is only suitable for those with excellent credit scores and a high likelihood of being approved.
2. Barclays Platinum Cashback Plus
This credit card also has no annual fee, and it offers customers one of the highest cashback rates available on the market.
- Welcome bonus: £15 cashback when you spend £1,500 within the first three months
- Cashback on ongoing spending: 0.50% flat rate on all purchases
- Annual fee: None
- Introductory offer: 0% interest on purchases for the first six months
This card also has contactless payment options and is protected with Barclays' fraud monitoring services.
3. Virgin Atlantic Reward+ Credit Card
For frequent travellers who want to maximise their rewards in the air, the Virgin Atlantic Reward+ Credit Card offers an attractive package.
- Welcome bonus: 15,000 Flying Club miles after your first card purchase within three months
- Points on ongoing spending: 1.5 Flying Club miles for every £1 spent
- Annual fee: £160
The card comes with various travel benefits like free upgrades, companion tickets, and airport lounge access, making it worth the annual fee.
Best Credit Cards In UK For Rewards Example:
Imagine you are a millennial who spends around £2,000 per month. If you choose to use the American Express Platinum Cashback Everyday Credit Card, you can earn a 5% cashback in the first three months, giving you a reward of £100. After that, you'll earn 0.5% up to £5,000 spent, then 1% on anything above that. Your yearly cashback earnings could be as high as £268.
On the other hand, with the Barclays Platinum Cashback Plus card, that £2,000 per month spending would earn you £10 per month, totalling £120 per year with occasional boosted rates.
And for savvy travellers who prefer the Virgin Atlantic Reward+ Credit Card, spending £2,000 per month would earn 36,000 Flying Club miles in a year. These miles could be used to book free flights or flight upgrades, making it a great choice for frequent flyers.
There you have it - these are just a few of the best credit cards in the UK for rewards. No one-size-fits-all solution exists, so consider your spending habits and preferences to find a card that works best for your lifestyle. And as always, be responsible with your credit usage by making timely payments and not letting rewards lure you into overspending.
Now that you know the top reward credit cards, why not share this knowledge with your friends and family and help them earn more rewards too? Stay tuned to Flik Eco for more personal finance tips, investing advice, and money-saving tricks to keep you on top of your financial game.
