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Best Cashback Credit Cards for 2010

These cards work just like any normal credit card except they will pay you every time you use it. Typically for every pound spent on the card the issuer will pay a percentage back to you normally as cash for you to use as you see fit.

Market Press Release January 15, 2010 8:20 am
Contact Information
cashback.co.uk


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United Kingdom

neil.durrant@contentnowclients.co.uk
 
Best Cashback Credit Cards for 2010

Like shopping? Like a bargain?

Well if so did you know that it is possible to earn money tax free while you spend? That`s right. It is possible to earn money while you shop. Tax fee. No catches. All you need is a cashback credit card to become a canny shopper and earn while flashing the plastic.

These cards work just like any normal credit card except they will pay you every time you use it. Typically for every pound spent on the card the issuer will pay a percentage back to you normally as cash for you to use as you see fit.

However before rushing into this new way of shopping there are a few things to know to make certain your plastic works hard for you instead of the other way round.

Some of these cards while advertised as cashback credit cards may tie the rewards into vouchers to be spent at a specific retailer. Unless this is a shop you are going to use anyway, these cards will not be as attractive as those which offer hard cash. So best to look for a card which pays you back in hard cash.

And cashback cards work great if the balance can be paid off in full each month, otherwise the interest will wipe out any cash earned. If it is not possible to pay off the bill each month, best to select a credit card based on interest rate and ignore those offering cashback.

If you think you might like to earn cash and think there will be the odd occasion when you might not pay back your balance in full, choose the card which offers the best combination of APR and cashback rate.

And finally to earn as much free money as possible from these deals there is no need to use the plastic more. Simply transfer spending normally done by cheque, cash and other debit, credit and charge cards to your cashback card. But remember to pay back in full each month.

Here are the top ten best buys when it comes to cashback credit cards. Remember to check the cashback rate as well as the APR though if use your card sensibly and pay back in full each moment, there is no need to bother about APRs.

Card Cashback Rate APR
Amex Platinum Cashback 5% 19.9%
Barclaycard OnePulse Special 5% on Transport for London spend 14.9%
Egg Money World Mastercard 1% 17.8%
Bank of Ireland Moneyback Gold 0.5% on 15k spend pa 17.9%
Smile Classic (customers only) 0.25% 16.9%
Smile Classic 0.25% 20.9%
MBNA Platinum Rewards Reward points to claim cashback 16.9%
John Lewis Reward points to claim cashback vouchers 16.9%
Debenhams Reward points to claim cashback vouchers 16.9%
Boots Reward points to claim cashback vouchers 16.9%

No matter which cashback credit card you pick and if you use the card with care, these types of credit cards really are like free money. And who in their right minds is going to turn down free money.


For more information, visit: http://www.cashback.co.uk/

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