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Cashback reward calculator

Use our cashback calculator to find out how much cashback you will earn.

Find out how much you will earn Use cashback calculator
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Emily Herring
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Cashback calculator
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Use the fields above to calculate how much cashback you will earn.

American Express® Platinum Cashback Everyday Credit Card

American Express® Platinum Cashback Everyday Credit Card

  • Earn 5% cashback for the first 3 months
  • Earn 0.5% ongoing cashback
  • No annual fee and no annual cap on cashback

Representative example: When you spend £1,200 at a purchase rate of 25.3% (variable) p.a., your representative rate is 25.3% APR (variable).

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How does cashback work?

Cashback credit cards offer you the opportunity to earn cashback when you use your card on eligible purchases.

Depending on your card’s terms, you can earn a percentage of cashback on the amount you have spent. As long as you follow the golden rule and you do not go over your credit limit and you repay your debts in full each month, you should be able to earn the full cashback amount.

Pros and cons of a cashback credit card

Pros

  • Earn money for spending money.
  • Earn pounds instead of points.
  • Get extra features, such as complimentary travel insurance, rewards programmes and concierge services.

Cons

  • Most cashback cards charge annual fees.
  • They often come with higher rates of interest.
  • Earning cap – make sure you take a deep dive into the T&Cs.
  • The rewards are designed to encourage spending, which can lead to some people biting off more than they can chew.

Frequently asked questions

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