If you’re looking for a credit card that rewards your everday spending, this one could be a handy way of earning cashback.
We chose the American Express Cashback Everyday Credit Card as our best credit card for cashback for its ongoing uncapped cashback.
For those who prefer account credit to reward points, this Amex card offers uncapped earnings subject to a relatively low yearly minimum-spend requirement. According to Amex, as long as you spend a minimum of £3k on your card in your membership year, you'll qualify for cashback on every £1 you spend using the card.
There's also an enhanced earn-rate when you first take out the card, which may make this an appealing choice to those about to make a big purchase.
If you anticipate carrying a balance from month-to-month, however, what you'll pay in interest will likely outweigh any cashback earnings. But if you always clear your balance in full each month (you can set up a direct debit for this), then you'll enjoy up to 56 days of 0% interest each billing cycle (this doesn't apply to cash advances).
Take up the mantle of Amex evangelist and you also stand to earn a nice little cashback boost for referring a friend.
Need more persuading? The Cashback Everyday Card also comes with travel accident insurance (subject to enrolment) and access to Amex Offers and Amex Experiences.
Ultimately, it's a sweetener-laden card for those who prefer cold hard cash (OK, account credit) to rewards points, but you don't want to carry a balance on it from month to month. If you're anticipating a large expenditure – say booking a holiday, for example – this could get you a little something back for yourself at the same time as giving you the protection that comes as standard with credit card purchases.
If you’re looking for a credit card that rewards your everday spending, this one could be a handy way of earning cashback.
Issuer | American Express |
Network | Amex |
Representative APR | 30.7% APR (variable) |
Annual/monthly fees | £0 |
Loyalty scheme | Cashback |
Cashback details | Welcome offer: Get 5% cashback on your purchases (up to £125) for the first 5 months of Cardmembership. Terms and minimum spend apply. 18+, subject to status. |
Incentive | Welcome offer: Get 5% cashback on your purchases (up to £125) for the first 5 months of Cardmembership. Terms and minimum spend apply. 18+, subject to status. |
Incentive on opening | Welcome offer: Get 5% cashback on your purchases (up to £125) for the first 5 months of Cardmembership. Terms and minimum spend apply. 18+, subject to status. |
Additional Rewards Info | Refund Protection - provides refunds to cardmembers in the event of any retailer, online or offline, refusing to refund the value of any goods taken back within 90 days of them being purchased, maximum £200, max £750 per annum. Global Assist - 24/7 help available when travelling outside the UK. Access to tickets for must-see music, theatre and film events, often before they go on sale to the general public with American Express Experiences. Eligible for American Express Connect where cardmembers can choose offers from selected retailers to obtain discounts or cashback. |
Purchases | 30.7% |
Purchases interest-free period (days) | 56 |
Balance transfers | 30.7% |
Potential costs | 5.9Standard |
Doing its job | 7.7Great |
Extras | 8.7Great |
Overall Finder Score | 7.2Great |
Minimum monthly payment | 2% or £25 (whichever is greater) or the total of any interest, default fees and charges, 1/12th of annual fee plus 2% of the outstanding balance. |
Annual/monthly fees | £0 |
Balance transfer fee | 3% |
Foreign usage charge (EU) | 2.99% |
Foreign usage charge (rest of world) | 2.99% |
Cash advance fee | 3% (min. £3) |
Late payment fee | £12 |
Replacement card fee | £0 |
Duplicate statement fee | £2 |
Exceeding limit fee | £0 |
Additional card fee | £0 |
Dormancy fee | £0 |
Minimum Age | 18 |
Residency | UK resident and has a UK bank or building society account. |
Availability | Available to new customers |
To make comparing even easier we came up with the Finder Score. Costs, perks and suitability across 120+ cards are all weighted and scaled to produce a score out of 10. The higher the score the better the card – simple.
Read the full methodologyApproval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow. Most of the data in Finder's comparison tables is provided by Moneyfacts.
You can make manual repayments through American Express's app by logging in to your online banking or over the phone (0800 917 8047). Alternatively, you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) or losing any promotional rates as a result.
You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.
Minimum amount | |
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Fixed amount | |
Fixed percentage | |
Full amount |
First, you can use Finder's eligibility checker to find out if you'd be likely to get approved for the Amex® Cashback Everyday Credit Card. This won't impact your credit score. If it's good news, you can then proceed to American Express's online application, which takes 10–15 minutes to complete.
Subject to enrolment, you'll receive up to £150,000 in travel accident insurance provided you use your card to buy your tickets.
You can get 5% cashback for the first three months, up to a maximum of £125. After 5 months, you can receive up to cashback with no upper limit, provided you spend at least £3,000 over the year. You can also get free supplementary cards for friends and family, and then earn cashback on any purchases they make using their cards. Finally, you can enjoy bonus cashback by referring your friends to American Express.
To be eligible for the Amex Everyday Cashback card, you'll need to be a British resident over 18, with a UK bank account, and not an existing customer. You can confirm your eligibility using American Express Eligibility Checker, which will not affect your credit rating.
Yes! Through the Experiences programme, you can get access to ticket sales to popular music, film and theatre events before they go on general sale.