Welcome to our credit card cash back page. Find and compare the latest cash back deals on the UK market.

What Are Cash Back Credit Cards?

Cash back credit cards are cards that give you money back for your spending. Sometimes this is actually cash, while at others the reward may take other forms. They can be a powerful incentive to select a particular credit card, especially if you put most of your monthly spending on the card. Here’s how cash back credit cards work.

The most simple cash back credit cards work by refunding a percentage of your total spending once a year. This is not usually a large percentage but if you use your credit card a lot, then it can add up. Usually, credit card companies credit this to your account, so you don’t actually get cash in hand, but it’s nice to know that you get back a small portion of the interest you have paid throughout the year. Some credit card companies that provide cash back credit cards also have complicated formulas to work out the cash back, but essentially they work in the same way.

Reward Credit Cards

Other cash back credit cards offer reward points. One of the best known is the Nectar scheme. With a Nectar credit card you can accumulate points for the money you spend on the credit card. If you spend that money in Nectar affiliated retail outlets, you can also earn additional points. These points can then be used to get money off shopping, electrical items, travel and much more.

If your main interest is travel, then you can get cash back credit cards that offer air miles or travel points. Collect enough and you could be on a free flight or cruise to the destination of your choice. Although you don’t earn cash, the points you earn can save you cash.

Most credit card companies offer cards with some kind of incentive, so the only issue is how to choose the right card for you. As always, it makes sense to consider your spending habits before selecting a card. If you pay off your credit card balance every month, then the interest rate on credit card debt may be of less interest than the reward that you may get. Look for the cards that offer the most cash back or highest number of points.

However, if you generally have outstanding balances on your credit card, you’ll need a cash back credit card that also has a decent interest rate. Shop around on a comparison site and you will soon find the right cash back credit card for you.

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