Platinum Cashback Credit Card 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer
Mat C.
Edited by Mat C.
Managing Editor & Senior Developer

Platinum Cashback Credit Card4.9/5

American Express

Annual fee
£25
Rewards rate
1.25%-0.5%
Welcome Bonus
£125
Apply Now →on American Express's website
Regular APR:34.6% Variable APR

  • 1.25%Cashback on purchases after the introductory period
  • 0.5%Cashback on purchases below £10,000

Welcome Bonus:

Get 5% cashback on your purchases (up to £125) for the first 3-5 months.

Reward Rate:

Earn 1.25% cashback on purchases after the introductory period.

APR:

34.6% Variable APR

The Platinum Cashback Credit Card stands out as the top choice because it offers a generous 5% cashback on purchases during the initial months, making it ideal for those looking to maximize their rewards quickly. With a solid ongoing cashback rate of 1.25%, it provides excellent value for regular spenders.

Pros:

  • High cashback rate
  • Strong introductory offer

Cons:

  • Annual fee applies
  • Higher APR
Apply now →

The Platinum Cashback Credit Card from American Express may be suitable for individuals who regularly make purchases and wish to earn cashback rewards, particularly during the initial months when the bonus rate is higher. With an annual fee of £25, it offers a competitive ongoing cashback rate, making it a worthwhile consideration for those who can manage their spending effectively.

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