American Express Platinum Cashback Everyday Card review 2019

An accessible and easy-to-use card offering cashback for everyday spending.

If you’re looking for a credit card that rewards your everday spending, this one could be a handy way of earning cashback.

Finder rating: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).

22.9%

Representative APR

£0

Account fee

Up to £100

Intro cashback

Earn 1p

per £1 spent

Details

IssuerAmerican Express
NetworkAmex
Rep. APR22.9% p.a. (variable)
Annual/monthly fees£0
Loyalty schemeCashback
Cashback details5% after £1 of yearly spend for introductory period of 3 months. 0.5% on £1 to £5000 of yearly spend. 1% after £5001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback in the first 3 months (max £100). Must spend £3K annually to earn cashback.
IncentiveEarn up to £150 additional bonus cashback per calendar year. £20 per friend/family member that successfully applies for an American Express card (Excl. Basic card) and uses Referral Programme. The cashback rebate is not payable in respect of any month in which the minimum payment is not received by the due date.
Additional Rewards InfoRefund Protection (subject to enrolment) - provides refunds to cardmembers in the event of any retailer, online or offline, refusing to refund the value of any goods taken back within 90 days of them being purchased, maximum £200, max £750 per annum. Global Assist - 24/7 help available when travelling outside the UK. Access to tickets for must-see music, theatre and film events, often before they go on sale to the general public with American Express Experiences. Eligible for American Express Offers where cardmembers can choose offers from selected retailers to obtain discounts or cashback.
Purchases22.9%
Purchases interest-free period (days)56

Expert review

Chris Lilly

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.

Expert review

For those who prefer account credit to reward points, the American Express Platinum Cashback Everyday Card offers uncapped earnings subject to a relatively low yearly minimum-spend requirement.

There’s also an enhanced earn-rate when you first take out the card, which may make this an appealing choice to those about to make a big purchase.

If you anticipate carrying a balance from month-to-month, however, what you’ll pay in interest will likely outweigh any cashback earnings. But if you always clear your balance in full each month (you can set up a direct debit for this), then you’ll enjoy up to 56 days of 0% interest each billing cycle (this doesn’t apply to cash advances).

Take up the mantle of Amex evangelist and you also stand to earn a nice little cashback boost for referring a friend.

Need more persuading? The Platinum Cashback Everyday Card also comes with travel accident insurance (subject to enrolment) and access to Amex Offers and Amex Experiences (formerly Invites).

Ultimately, it’s a sweetener-laden card for those who prefer cold hard cash (OK, account credit) to rewards points, but you don’t want to carry a balance on it from month to month. If you’re anticipating a large expenditure – say booking a holiday, for example – this could get you a little something back for yourself at the same time as giving you the protection that comes as standard with credit card purchases.

How does this card compare with other Amex rewards cards?

Table: sorted by representative APR.
Updated November 15th, 2019
Name Product Max. intro bonus Default earn-rate Annual/monthly fees Rep. APR Incentive Representative example
5,000 points
1 point per £1 spent
£0
22.9% p.a. (variable)
Earn 5,000 bonus Membership Rewards points when you spend £2,000 in your first 3 months, and 1 point for virtually every £1 spent thereafter.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
5,000 points
1 point per £1 spent
£0
22.9% p.a. (variable)
5,000 Avios when you spend £1,000 within 3 months of account opening. Earn 1 Avios for virtually every £1 spent. Spend £20K in 12 months and get 2 for 1 travel when redeeming Avios for a BA reward flight. Earn up to 90,000 bonus Avios points per calendar year, 4,000 points per friend/family member that successfully applies for an American Express card (Excl. Basic card) and uses the Referral Programme.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
£100
1% cashback
£0
22.9% p.a. (variable)
5% after £1 of yearly spend for introductory period of 3 months. 0.5% on £1 to £5000 of yearly spend. 1% after £5001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback in the first 3 months (max £100). Must spend £3K annually to earn cashback.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
20,000 points
2 points per £1 spent
Year 1 - £0, Year 2 onwards - £25 per annum
28.2% p.a. (variable)
20,000 Nectar points when you spend £2K within 3 months of account opening. Earn 2 Nectar points for virtually every £1 spent at Nectar partners and elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £25 per annum, your representative rate is 28.2% APR (variable).
£125
1.25% cashback
£25 per annum
28.2% p.a. (variable)
5% on £1 to £2500 of yearly spend for introductory period of 3 months. 1% on £1 to £10000 of yearly spend. 1.25% after £10001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback (max £125).
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £25 per annum, your representative rate is 28.2% APR (variable).
30,000 points
3 points per £1 spent
£75 per annum
39.7% p.a. (variable)
Earn 30,000 points when you spend £1K within 3 months of account opening. Earn 3 points for virtually every £1 spent. Earn 6 points for every £1 of eligible purchases at participating SPG & Marriott Rewards hotels, until 31.12.2019.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £75 per annum, your representative rate is 39.7% APR (variable).

Compare up to 4 providers

Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0800 917 8047), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the American Express Platinum Cashback Everyday Card

If you want to apply for the Amex Platinum Cashback Everyday card, you can click the “Go to Site” button and you’ll be taken to a secure application form. You’ll need to provide personal and financial details, and the application should take about 15 minutes. Make sure you meet the American Express eligibility criteria before applying.

Frequently asked questions

Do I get free travel insurance?
Subject to enrolment, you’ll receive up to £150,000 in travel accident insurance provided you use your card to buy your tickets.
What is the limit on cashback?
You can get 5% cashback for the first three months, up to a maximum of £100. After three months, you can receive up to 1% cashback with no upper limit, provided you spend at least £5,000 over the year. You can also get free supplementary cards for friends and family, and then earn cashback on any purchases they make using their cards. Finally, you can enjoy bonus cashback by referring your friends to American Express.
How do I know if I’m eligible?
To be eligible for the Amex Platinum Everyday Cashback card, you’ll need to be a British resident over 18, with a UK bank account, and not an existing customer. You can confirm your eligibility using American Express Eligibility Checker, which will not affect your credit rating.
Do I get access to American Express Experiences?
Yes! Through the Experiences programme, you can get access to ticket sales to popular music, film and theatre events before they go on general sale.

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