American Express Cashback Card

I’ve been using my American Express Platinum Cashback Everyday Credit Card for 18months now and it opened a whole new door on credit cards for me. Previously, I used credit cards for buying an irregular purchase such as replacement fridge, flights etc. However, now we do all our food, petrol and online purchases on credit card. In a year and a half, this has earned us ¬£160 so far in cash back… Which for spending we were doing anyways, is a nice perk.

Note, we pay the balance off in full at the end of every month with no exceptions.

What attracted me to this card was;

The Good:

  • No annual fee
  • Up to 5% cashback on all purchases
  • No limits on where you can shop
  • Great app and online services
  • Deals for extra cashback at certain retailers
  • Contactless
  • Cashback as a statement credit or take the credit +5% at certain reatailers

The Bad;

  • Not accepted everywhere (not at Lidl for example)- can be a pain
  • Deals for cashback are very often for premium products and the more useful ones are for companies who don’t have stores in Northern Ireland.
  • Transactions are slow to process, often making me think I had spent less that month than I had.

The online services really are the best I’ve seen of any financial provider, and I’ve jumped around a fair bit lately to find a good current account. You can get a breakdown of your spending by ¬†retailer and spending type which has proved to be a useful visual at times. Last year we took our cashback in a statement credit, but this year, we’re taking it in retailer credit as it’ll get us 5% extra at Boots, where we’ll be picking up loads of gifts anyways.

All in all, I really do love this card, however I’m tentatively in the market for something new as I’m getting ever peeved at having the card turned away.

g.

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