The best credit cards for rewards and cashback

Choosing the right card can be a difficult task so Moneywise has sifted through the plastic to find the very best credit cards that reward you for your spending. 

If you are going to spend large amounts and don't plan to clear the balance each month, any rewards will quickly be undone by interest payments. Instead, a credit card offering 0% on purchases would be better, ideally one offering a long introductory 0% period, which reverts to a reasonable rate of annual interest thereafter.

If you already have credit card debt, you might want to find the best credit card for balance transfer deals - preferably one charging 0% on balance transfers. But don't forget to look out for the fees too. Read our guide to the top 0% deals here

Here's our line-up of the best credit cards for rewards and cashback.

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Unlike most financial products, reward cards often offer preferential rates at specific retailers, so the card that's best for you will depend on where you usually shop.

For ease of comparison, we ignore the value of any points you'd have earned using regular loyalty schemes like Clubcard or Nectar, focusing just on the points you get from these cards. 

The John Lewis Partnership Card  offers the equivalent of a 1% reward on spending in store and 0.5% reward on spending elsewhere, meaning you’ll get £22.50 a year if you spend £3,000 - that's £1,500 in John Lewis or Waitrose, and £1,500 elsewhere. The card’s standard interest rate is 16.9% APR, and there's an introductory 0% purchases and balance transfer offer for six months. 

Tesco Bank's Clubcard Credit Card gives five points for every £4 you spend in Tesco (a point is worth a penny), and one point for every £8 you spend elsewhere. If you spend £3,000 a year, half in Tesco stores and half elsewhere, you’ll earn rewards worth £20.63. Interest is charged at 18.9% APR representative. 

If you shop in Sainsbury’s, both Sainsbury’s Bank and American Express’s Nectar Card will give you extra points.

Sainsbury's Bank's card users earn two points for every £1 spent in Sainsbury's and one point for every £5 spent elsewhere. If you spend £3,000 a year on your card, half in Sainsbury's, then you'll earn £16.50 with Sainsbury's Bank (500 points = £2.50). You can also currently get 5,000 bonus points if you spend £800 in the first three months.  

You could get slightly more with Amex's Nectar Card. It pays up to four points for every £1 spent at Sainsbury's (plus other Nectar partners, including Argos, Homebase and EasyJet) and rewards two points for every £1 spent at non-Nectar retailers. In year one, you'd get up to £45 if you spend £3,000, but for the second year onwards you'll need to factor in the £25 annual fee, which is waived for the first year. The representative APR is 25% including the fee.  

Amex will also give you £100 worth of Nectar points as a bonus if you spend £2,000 within three months of getting the card. 


The AA FuelSave card pays 2% cashback on fuel, rising to 4% if you spend more than £500 a month. You'll also get 0.5% cashback on other spending. However, there's a £3.50 monthly fee, so you've got to spend at least £175 a month on fuel for the cashback to offset the fees. For heavy drivers, it could be well worth it though. The APR representative is 22.4%, but that's inclusive of fees.

The cashback deal on American Express's Platinum Cashback Card has been slashed, but it's still one of the better deals out there. There's an introductory offer of 5% cashback on spending up to £2,500 over the first three months. After that, cardholders will earn 1% cashback on spending up to £10,000 and 1.25% on any further spending. There's a £25 annual fee. If you spend £3,000 over the course of a year you'll earn £35 after fees are deducted.  The APR representative is 28.2% including the fee. You’ll need to bear in mind that American Express is less widely accepted than Visa or MasterCard. 

The Asda Credit Card pays 1% cashback on Asda shopping, including fuel and clothes from, and spending elsewhere earns 0.5% cashback. There's 5% cashback on any insurance policy bought on the card, too. The representative APR is 18.9%. Asda also has premium version of this card that costs £3 a month but pays double cashback. It works out as better value than the fee-free version if you spend more than £300 a month in Asda. 

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Your Comments

I have had the Tesco Clubcard credit card for about 15 years, and because of that I have a rate of 1 point for every £2 on non-Tesco spending which has enabled me to make good use of the rewards system. Yesterday, I got a letter from them to say that as of November 1st my account will be changing to 1 point for every £8 I spend.  This change has apparently been made to 'reflect industry changes'. I am not at all impressed, and expect to be looking for a new VISA provider very soon. 

I have also had my Tesco Clubcard credit card for many years and purchased tens of thousands of pounds with it, but also received the same letter yesterday.
I am now looking for a decent return on my spending, and so far, it seems the Santander 123 Card will be my choice, but still doing some further research. But it's definately GOODBYE to Tesco now!

I recently had an Asda Credit Card for less than two months. They have no Customer Care in my opinion. I have an excellent Credit Rating but only got £300 credit. It takes them a very long time to set up a Direct Debit so I had to pay interest on my first month's use of card and late payment charge. No understanding or help when I tried to complain and get some refund. Don't apply for one!

I've had the Asda Money Credit Card for approximately a year/ year and half now and I've earned ca. £60 cash back so far. I only really use it for ca. £50 petrol a month, some Asda shopping, car insurance, various monthly charity donations and other personal purchases. I don't use it as much as I probably should as my husband and I have another card, a joint account, we use for main food/household shopping and bills. Still, considering what I buy is what I need (i.e. I don't use the card just to get points but I do use it instead of my current account if I can), it's not a bad little earner, as long as I don't accrue interest or the rewards will get wiped out. I have to say I haven't had a problem with customer service as yet but I've only needed to call them a couple of times. The website could be a bit more user friendly, particularly the payment section. Other providers have allowed me in the past to store my details whereas here I have to enter them everytime I want to pay. Maybe it's a plus though, if it keeps your online details safe...! All in all, I still find this is the best card for me but I always keep a look out on anything new popping up with better benefits. :-)

I have an older Amex Platinum which is free but the cashback rate is tiered so I only get to the 1.25% (actually I think it's 1.5%) on spending over £10000 pa.
I like the Santander 123 as it's 3% on fuel and train tickets (capped at £9 per month) but also 2% on department stores and 1% on supermarkets, although I tend to use my Amex in supermarkets.
I also have the Barclaycard cashback which is free but offers 0.5% on all spending on the Visa plus also provides an Amex card with 1% on all spending, although I tend to use my actual Amex. I use the Visa where the 123 doesn't pay cashback and Amex isn't accepted.
I'm thinking about getting the Tesco card now though as we do most of our gorecy shopping there so might use that in preference to my Amex and then use the Barclaycard Amex where I can since I then probably won't get my real Amex spending high enough for the higher tier of cashback, although obviously I'll still use the Santander 123 where I can get 2 or 3%...