{"id":44162,"date":"2023-11-30T10:38:59","date_gmt":"2023-11-30T10:38:59","guid":{"rendered":"https:\/\/lethal-industry.com\/?p=44162"},"modified":"2023-11-30T10:38:59","modified_gmt":"2023-11-30T10:38:59","slug":"top-cashback-cards-for-christmas-spending-this-week-to-take-advantage-of-sales","status":"publish","type":"post","link":"https:\/\/lethal-industry.com\/world-news\/top-cashback-cards-for-christmas-spending-this-week-to-take-advantage-of-sales\/","title":{"rendered":"Top cashback cards for Christmas spending this week to ‘take advantage’ of sales"},"content":{"rendered":"

<\/p>\n

While living costs remain high and disposable income dwindles, cashback credit cards are becoming an even more popular tool to help Britons make some savings.<\/p>\n

These credit cards reward spenders with a percentage of cashback based on how much they spend online or in-store, and some providers are offering up to five percent.<\/p>\n

But, it’s important to note that like most credit cards, cashback credit cards come with interest charges, a credit limit, a monthly statement, and an Annual Percentage Rate (APR).<\/p>\n

The APR provides an estimate of how much credit card borrowing will cost over a year, as a percentage of the money borrowed. The higher the APR, the more expensive it’ll be for a person to borrow.<\/p>\n

Rachel Springall, finance expert at Moneyfactscompare.co.uk, commented: \u201cCashback credit cards are useful for shoppers who plan their spending, whether that be for Christmas, in the New Year to take advantage of enticing sales or just everyday use.\u201d<\/p>\n

READ MORE: <\/strong> Metro Bank unleashes swingeing job cuts as it slashes one fifth of its workforce<\/strong><\/p>\n

<\/p>\n

However, she noted: \u201cThe amount of cashback each credit card provider will pay does vary, but so does the interest they will charge on the debt, which is why maximising the cashback is wise, but so is paying off any debt before interest applies.\u201d<\/p>\n

So, what are the top cashback credit cards on offer right now? Moneyfactscompare has compiled the list.<\/p>\n

American Express cashback card<\/strong><\/h3>\n

Topping the list is American Express\u2019s Platinum Cashback Card offering five percent cashback for three months (max \u00a3125), then 0.75 percent tiered to 1.25 percent depending on the spend.<\/p>\n

The card has a purchase APR of 36.7 percent and comes with a fee of \u00a325 a month.<\/p>\n

The provider is also offering a Platinum Everyday Cashback Card with no monthly fee. The card comes with five percent cashback for three months (max \u00a3100), then 0.5 percent tiered to one percent depending on the spend. This card has a purchase APR of 31 percent<\/p>\n

<\/p>\n

Ms Springall said: \u201cOne provider to offer an additional incentive for shoppers is American Express. From December 1 to December 3, it will give customers a \u00a35 statement credit when they spend \u00a315 or more at participating small businesses across the UK through its popular Shop Small Offer.<\/p>\n

\u201cAs consumers will notice, this is a limited period for shoppers to maximise the reward, and they will need to enrol for the offer to take advantage.\u201d<\/p>\n

Santander cashback card<\/strong><\/h3>\n

Placing next is Santander\u2019s World Elite Mastercard offering 0.5 percent on spends over \u00a31 per month on purchases up to \u00a33,000.<\/p>\n

The card has a purchase APR of 49.8 percent and comes with a monthly fee of \u00a315. Additionally, cardholders can benefit from an introductory zero percent on purchases and balance transfers for 18 months. People can also get access to \u201cthousands\u201d of airport lounges, as well as a 40 percent discount on Santander travel insurance when they apply online.<\/p>\n

Costing a more modest \u00a33 a month, Santander\u2019s All in One Credit Card Mastercard offers 0.5 percent cashback on spends over \u00a31 per month.<\/p>\n