American Express Platinum Cashback Everyday Card review 2020

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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.

You say: ★★★★★We say: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).

22.2%

Representative APR

£0

Account fee

Up to £100

Intro cashback

Up to 56 days

Interest-free each billing period

Details

IssuerAmerican Express
NetworkAmex
Rep. APR22.2% (variable)
Annual/monthly fees£0
Loyalty schemeCashback
Cashback detailsNew Cardmember offer: Get 5% cashback on your purchases (up to £100) for the first 6 months of Cardmembership.
IncentiveEarn £20 per friend/family member that successfully applies for an American Express card (Excl. Basic card) through the Referral Programme, up to a maximum of £150 per year. 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.
Purchases22.2%
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.
Data indicated here is updated daily
Name Product Rewards earn rate Max. intro bonus Annual/monthly fees Rep. APR Ratings Link Incentive Representative example
American Express Rewards Credit Card
1 point per £1 spent
5,000 points
£0
22.2% (variable)
We say
★★★★★
You say
★★★★★
As a new Cardmember, earn 5,000 Membership Rewards® points when you spend £2,000 in your first 6 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).
British Airways American Express Card
1 point per £1 spent
5,000 points
£0
22.2% (variable)
We say
★★★★★
You say
★★★★★
New Cardmember offer: Earn 5,000 bonus Avios when you spend £1,000 in your first 6 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).
American Express Platinum Cashback Everyday Card
1% cashback
£100
£0
22.2% (variable)
We say
★★★★★
You say
★★★★★
New Cardmember offer: Get 5% cashback on your purchases (up to £100) for the first 6 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).
The American Express Nectar Credit Card
2 points per £1 spent
20,000 points
Year 1 - £0, Year 2 onwards - £25 per annum
27.3% (variable)
We say
★★★★★
You say
★★★★★
As a new Cardmember, earn 20,000 bonus Nectar points when you spend £2,000 in your first 6 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £25 per annum, your representative rate is 27.3% APR (variable).
American Express Platinum Cashback Card
1.25% cashback
£125
£25 per annum
27.3% (variable)
We say
★★★★★
You say
★★★★★
As a new Cardmember, get 5% cashback on your purchases (up to £125) for the first six months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a. with a fee of £25 per annum, your representative rate is 27.3% APR (variable).
Vitality American Express Credit Card
Vitality American Express Credit Card
1% cashback
N/A
£0
35.9% (variable)
We say
★★★★★
You say
★★★★★
0.5% on £1 to £5000 of yearly spend. 1% after £5001 of yearly spend. Cashback paid Anniversary into Card Account. Must spend £3K annually to earn cashback. Earn between 0-2% additional cashback on first £1K spend each month. Cashback booster rate is based on number of eligible Vitality products held and monthly activity points earned two months prior.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 35.9% APR (variable).
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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 visit the Amex website and fill in 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.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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