American Express Platinum Cashback Everyday Card
Best for: Cashback on everyday spending with no annual fee
Pros
- No annual fee with a genuinely useful cashback rate above £10,000 of spend
- Strong welcome rate for the first three months
- Amex Offers can add £50–£150 a year for active users
Cons
- Not accepted everywhere in the UK
- Cashback is paid once a year, not monthly
- 2.99% non-sterling fee makes it a poor choice abroad
Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.
The Platinum Cashback Everyday is the UK's best-known no-fee cashback card: 5% back for the first three months (capped), then 0.5% on the first £10,000 a year and 1% above that. Spend £15,000 a year and you collect roughly £100 in cashback after the intro period — far more than most no-fee UK cards. The catch is acceptance: Amex is still refused by some smaller UK shops, so most people carry a Visa or Mastercard alongside it.
American Express Platinum Cashback Everyday Card at a glance
| Issuer | American Express UK |
| Card network | American Express |
| Annual fee | £0 |
| Rewards rate | 0.5% cashback on the first £10,000 a year, 1% above that |
| Welcome bonus | 5% cashback for the first 3 months (up to £125) |
| 0% intro period | None |
| Representative APR | 31.0% (variable) |
| Non-sterling transaction fee | 2.99% |
| Credit needed | Good to excellent |
| Airport lounge access | No |
| Best for | Cashback on everyday spending with no annual fee |
Rewards & perks
- Cashback paid as an annual statement credit on your card anniversary
- Amex Offers — targeted statement credits at retailers, often worth more than the base cashback
- Purchase protection and refund protection on eligible items
Pros
- No annual fee with a genuinely useful cashback rate above £10,000 of spend
- Strong welcome rate for the first three months
- Amex Offers can add £50–£150 a year for active users
Cons
- Not accepted everywhere in the UK
- Cashback is paid once a year, not monthly
- 2.99% non-sterling fee makes it a poor choice abroad
Who should apply
- UK residents with a UK bank account and a good credit history
- Spenders who put most of their monthly budget on one card and pay in full
- Anyone who wants cashback without tracking categories
Before you apply: card terms change often. Confirm the current annual fee, interest rate, welcome offer and rewards on the official American Express UK site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.
How it compares with similar UK cards
| Card | Annual fee | Rewards | Intro APR | Foreign fee | Credit needed | Rating |
|---|---|---|---|---|---|---|
American Express Platinum Cashback Everyday CardCashback on everyday spending with no annual fee |
None | 0.5% cashback on the first £10,000 a year, 1% above that | None | 2.99% | Good to excellent | |
Santander UKSantander All in One 5226 4689 3915 2634 VALID THRU 06/29ALEX MORGAN Santander All in One Credit CardCashback, a 0% offer and no foreign fees on one card |
£36/yr | 0.5% cashback on all purchases | 0% on purchases and balance transfers for around 15 months (… | None | Good | |
Lloyds BankCashback 5316 6656 8585 1738 VALID THRU 06/30ALEX MORGAN Lloyds Bank Cashback Credit CardA no-fee Mastercard cashback card for Lloyds customers |
None | 0.25% cashback on the first £4,000 a year, 0.5% above that | None | 2.95% | Good |
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