If you’re looking for a credit card that rewards your everday spending, this one could be a handy way of earning cashback.
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Amex® Cashback Everyday Credit Card review
By Chris Lilly
- Representative example:
- When you spend £1,200 at a purchase rate of 31% (variable) p.a., your representative rate is 31% APR (variable).
- Earn rate
- 1p per £1 spent
- Intro cashback
- Up to £100
- Account fee
- £0
Our verdict
The Amex Everyday Cashback Card is an accessible and easy-to-use card offering cashback for everyday spending.
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For those who prefer account credit to reward points, the American Express Cashback Everyday Card offers uncapped earnings subject to a relatively low yearly minimum-spend requirement. According to Amex, as long as you spend a minimum of £3k on your card in your membership year, you'll qualify for cashback on every £1 you spend using the card.
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 Cashback Everyday Card also comes with travel accident insurance (subject to enrolment) and access to Amex Offers and Amex Experiences.
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.
Pros
-
No annual fee
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Ongoing uncapped cashback
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Access to pre-sale tickets with American Express Experiences
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We updated this review with a new offer for the Amex® Cashback Everyday Credit Card.
Cons
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An expensive option if you carry a balance from month to month
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You don’t get cashback on foreign exchange transactions
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Limited introductory offer compared to other Amex cards
Details
Product Overview
| Issuer | American Express |
| Network | Amex |
| Representative APR | 31% APR (variable) |
| Annual/monthly fees | £0 |
| Loyalty scheme | Cashback |
| Cashback details | Welcome offer: Get 5% cashback on your purchases (up to £100) for the first 3 months of Cardmembership. Terms and minimum spend apply. 18+, subject to status. |
| Incentive | Welcome offer: Get 5% cashback on your purchases (up to £100) for the first 3 months of Cardmembership. Terms and minimum spend apply. 18+, subject to status. |
| Incentive on opening | Welcome offer: Get 5% cashback on your purchases (up to £100) for the first 3 months of Cardmembership. Terms and minimum spend apply. 18+, subject to status. |
| Additional Rewards Info | Refund Protection - 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 Connect where cardmembers can choose offers from selected retailers to obtain discounts or cashback. |
| Purchases | 31% |
| Purchases interest-free period (days) | 56 |
| Balance transfers | 31% |
| Potential costs | 3.0 ★★★★★ |
| Doing its job | 4.0 ★★★★★ |
| Extras | 4.0 ★★★★★ |
| Overall Finder score | 4.0 ★★★★★ |
Fees and charges
| Minimum monthly payment | 2% or £25 (whichever is greater) or the total of any interest, default fees and charges, 1/12th of annual fee plus 2% of the outstanding balance. |
| Annual/monthly fees | £0 |
| Balance transfer fee | 3% |
| Foreign usage charge (EU) | 2.99% |
| Foreign usage charge (rest of world) | 2.99% |
| Cash advance fee | 3% (min. £3) |
| Late payment fee | £12 |
| Replacement card fee | £0 |
| Duplicate statement fee | £2 |
| Exceeding limit fee | £0 |
| Additional card fee | £0 |
| Dormancy fee | £0 |
Application Requirements
| Minimum Age | 18 |
| Residency | UK resident and has a UK bank or building society account. |
| Availability | Available to new customers |
How does it compare with other Amex rewards deals?
Table: sorted by representative APR, promoted deals first
Approval for any credit card depends on your status. The representative APRs shown represent 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. Most of the data in Finder's comparison tables is provided by Moneyfacts.
Repayment options
You can make manual repayments through American Express's app by logging in to your online banking or over the phone (0800 917 8047). Alternatively, you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) 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
First, you can use Finder's eligibility checker to find out if you'd be likely to get approved for the Amex® Cashback Everyday Credit Card. This won't impact your credit score. If it's good news, you can then proceed to American Express's online application, which takes 10–15 minutes to complete.
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 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.
Finder credit card scores
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts score cashback credit cards to determine their value against similar products on the market. We look at a number of important factors, like welcome bonuses, introductory and ongoing earn-rates, any limits or restrictions to earning cashback, plus the potential costs involved with running the card both in the short and longer term.
You can read more about our scoring criteria on our credit card methodology page.
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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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