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Cashback cards are similar to reward cards in that you are rewarded everytime you use your card. The only difference is that cashback cards reward you in cash based on a percentage you spend. These cards are best for people who clear their balance in full each month.

At Cheap.co.uk we do not offer cashback cards but we do compare rewards cards here.

Cashback Card Benefits

Cashback cards reward you by giving you a percentage of all your spending back. The cashback you earn accumulates over the course of the year and the total is either credited to your account annually or sent to you in the form of a cheque.

Cashback Card Negatives

Cashback credit cards are only worth considering if you pay your balance off in full each month. If not, the interest you’ll be charged will far outweigh the value of the cashback benefit.