Cashback credit cards are a good option for consumers who may be facing an expensive Christmas, as they offer rewards in return for spending. A range of cashback cards are available, offering varying rewards subject to how much and whereabouts consumers spend.

Top 5 cashback cards
Provider	Card Name	Cashback	Rate (APR)
Capital One	World Mastercard	Intro 5%, standard up to 1.25%	19.9%
American Express	Platinum Cashback Amex	Intro 2.5%, standard 1.25%	18.5%
Santander	123 Cashback Credit Card	Standard 1%, 2% or 3%	22.8%
Bank of Ireland UK	Moneyback MasterCard	Standard 0.50%	17.9%
Leeds Building Society	Platinum Credit Card	Standard 0.50%	17.9%
Source: Moneyfacts.co.uk 4.11.11

Louise Holmes, spokesperson at Moneyfacts.co.uk, commented: “As with any credit card, you must be confident that you can pay off the balance in full each month and not just pay the minimum repayment.”

“If monthly payments are missed regularly, any benefits such as cashback or introductory deals, which rely on good account conduct, may be removed by the provider.

“If used correctly, cashback cards can help customers benefit and reap rewards from their spending during the costly Christmas period.”

www.moneyfacts.co.uk - The Money Search Engine

Moneyfacts.co.uk is the UK's leading independent provider of personal finance information. For the last 20 years, Moneyfacts' information has been the key driver behind many personal finance decisions, from the Treasury to the high street.

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