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The best cash back credit cards for Christmas

Earn up to 5% cashback on festive shopping

Woman in a shop with shopping bags draped over her shoulder at Christmas

The festive period is traditionally a time for spending large amounts on food, drinks and presents.  

So why not make use of a decent cashback credit card to earn some money back on your expenditure?

Some of the best deals on the market pay an introductory rate of up to 5% for the first three months, so opening a cashback card right now could see you earn a decent return. 

Here, we run through the best cashback and reward card deals on the market to help pay for your festive spending. 

Which? Comparison Table: Best cash back credit cards – compare the best deals on the market

The best cashback credit card deals

To make the most of cashback or reward credit cards you should ensure you pay off your bill in full each month to avoid paying interest, so be careful not to spend beyond your means. 

American Express Platinum Cashback Card

The American Express Platinum Cashback Card offers one of the best deals on the market, paying 5% cashback for the first three months capped at £125 cashback. It then drops to a standard rate of 1.25%. The APR is 18.7%. Click here for more information on this credit card.

The card comes with a £25 annual fee, but making the most of the introductory deal could see this paid in cashback relatively quickly. For example, if you spent £1,000 during the first three months you’d get £50 cashback.

Alternatively, the Amex Everyday Card offers the same introductory deal capped at £100 cashback but with no annual fee. The cashback rate then drops to 0.5%, but you can earn up to 1.25% depending on how much you spend a year. The APR is 19.9%. The main catch with this card is that you have to spend at least £3,000 in a year to qualify for cashback. Click here for more information on this credit card.

Santander 123 Cashback MasterCard

The Santander 123 credit card pays 1% on selected supermarket spend, 2% at selected department stores and 3% at selected petrol stations, National Rail and Transport for London. The 3% cashback is capped at £9 per month.

The card also comes with an 18-month interest free deal on new purchases, which could be useful if you want to pay off a debt over a period of time interest free. The card has a £24 annual fee and comes with an APR of 16.5%Click here to learn more. 

NatWest/RBS Cashback Plus    

Recently launched by NatWest/RBS, this card pays up to 1% cashback in supermarkets (excluding forecourt petrol) and 0.5% on all other spend. The card comes with a £24 annual fee and an APR of 17.4%. Cashback earned with this card is paid into the Cashback Plus account which runs alongside the debit card cashback scheme launched last year. You can learn more by clicking here.

The best retail reward credit card deals 

Unlike cashback credit cards, the rewards that you typically earn can only be spent with the retailer that is branded with your card, along with any associated deals that come with the card’s reward scheme. So it’s really only worth opting for a reward credit card if you shop with that retailer frequently. 

American Express Nectar credit card

The American Express Nectar credit card offers Nectar points worth 2% of your spending with Nectar partners and 1% of your spend elsewhere. The card has an APR of 25.0% and a £25 annual fee which is currently waived for the first year. Additionally, if you spend £2,000 or more during the first three months you get £100 worth of bonus points. Click here to learn more

Frequent shoppers at House of Fraser or Debenhams should also consider applying for their reward cards, which both offer rewards worth 3% of in-store spending.  The cards have an APR of 19.9%.

Which? Comparison Table: Best credit cards for retail rewards – all available deals compared

The best cards for customer service 

Following our latest customer satisfaction survey, Saga is the only provider to qualify as a Which? Recommended Provider this time round.  

John Lewis and Marks & Spencer also registered impressive customer scores (76% and 70% respectively), but missed out on WRP status as they failed to offer a top-10 Best Rate credit card.  

The information in this article is for information purposes only and does not constitute personal advice. Please refer to the particular terms & conditions of the provider before committing to any financial products.

Find out more: Credit card satisfaction tables – see how your provider compares

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