Christmas Saving Spree - 5% Off!

Cashback Credit Cards are the best way to spend.

Get 5% off your Christmas and January Sales spending with a Cashback Credit Card.

You can give yourself an early present this Christmas. Yes, it's possible to earn up to 5% money back every time you spend on your cards with Cashback Credit Cards. We believe that American Express Platinum Moneyback Credit Card offers the best deal out there!

Cashback is a loyalty scheme that rewards customers when they spend. You will receive cashback as a percentage of your purchase amount each time you use your card, which is usually totalled up and paid to you annually. Cashback is effectively a discount on all spending. Use it for replacing cash, cheques, and other debit, credit and charge cards, even paying for those work expenses.

It's by far the best way to spend and save money, plus you get added legal protection too. A word of warning to be heeded, credit card companies earn money back from interest charges, that's why they offer these tempting deals, so make sure you pay back in full and on time. If you don't clear your statement any cashback you earn will be more than outweighed by the interest charges you incur. The easiest way to ensure this happens is to set up your payment by direct debit, which unlike a standing order, allows the card company to take a variable amount each month, to repay your cards in full.

Is this the card for you?

You do have to have an excellent credit rating to apply for a Cashback Credit Card. If you are unsure of your credit history, we have teamed up with Experian, to offer you a free trial of CreditExpert.

If you can be disciplined enough to use your credit card for your day-to-day purchases, while keeping the money aside to repay your statement in full at the end of each month, then it can be a win-win situation.

Are you sometimes unable to repay cards in full?

If that sounds like you, focus on a card with a lower interest rate instead, see 0% Purchase Credit Cards.

Where can I use my Amex card?

Please note that while Amex is accepted at most high street stores and big chains, some small restaurants and independents don't accept it.

The American Express Platinum Moneyback Credit Card card pays new cardholders an unbeatable 5% cashback, 5p per £1 spent, for three months, up to a maximum of £4,000 spending (£200 cashback earned). After that its rates are tiered depending on how much you spend, up to 1.5% cashback.

Cashback credit cards and cash withdrawls

Never use cashback credit cards for withdrawing cash. Withdraw cash and you'll often be charged a fee, plus even if you pay the card off in full you'll usually be charged heavy interest.

Tips to make the most of your introductory 5% deal

• Time your application so the 5% rate coincides with a period of high spending so it covers the Christmas period and January sales, or moving house.
• Wise up - get your partner to also apply for a card when your 3 months introductory deal runs out, then go back to just using one card, as joint card holders.

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