1.Lloyds Ultra Credit Card
Lloyds
- 1%Cashback on all purchases for the first year
- 0.25%Cashback on all purchases thereafter
Earn 1% cashback on all purchases for the first 12 months, dropping to 0.25% thereafter.
1% cashback on all purchases for the first year, 0.25% thereafter.
12.9% Variable APR
The Lloyds Ultra Credit Card stands out as the top choice because it offers a competitive 1% cashback on all purchases for the first year, making it ideal for users looking to maximize rewards without incurring annual fees.
Pros:
- No annual fee
- Competitive cashback rate
Cons:
- Cashback drops after the first year
- Limited to cashback rewards only
2.American Express Cashback Credit Card
American Express
- 1.25%Cashback on spending above £10,000
- 0.75%Cashback on spending up to £10,000
Earn 1.25% cashback when you spend above £10,000 within your Cardmembership year.
Ongoing rewards typically range from 0.75% to 1.25% depending on total annual spending.
35.0% Variable APR
What sets this card apart is its tiered cashback structure, rewarding users who spend more with higher cashback rates, making it a strong contender for those who can meet the spending threshold.
Pros:
- High cashback potential for high spenders
- Variety of benefits from travel and retail
Cons:
- Annual fee applies
- Higher APR compared to some competitors
3.Santander Edge Credit Card
Santander
- 1%Cashback on all purchases
Targeted offer for current account holders if they use the card 10+ times and set up a Direct Debit within the first three months.
1% cashback on purchases, capped at £10 per month.
37.8% APR variable
A key differentiator is the Santander Edge Credit Card's combination of cashback rewards and fee-free spending abroad. However, the monthly fee and cashback cap may limit its appeal for some users, making it essential to evaluate personal spending habits.
Pros:
- Cashback rewards on all purchases
- Fee-free spending abroad
Cons:
- Monthly cashback cap
- Annual fee applies
- 15%Cashback on activated offers
N/A
Earn up to 15% cashback on tailored, retailer-specific purchases.
29.94%-31.94% Variable APR
The standout feature here is the MBNA Smart Rewards program, which allows users to earn significant cashback by activating offers, making it a flexible option for savvy shoppers.
Pros:
- No annual fee
- High cashback potential with activated offers
Cons:
- Requires activation of offers
- Variable cashback based on retailer
5.Amex Everyday Cashback Credit Card
American Express
- 5%Cashback on purchases in the first five months
- 1%Cashback on spending above £10,000
- 0.5%Cashback on spending up to £10,000
5% cashback on purchases (up to £125) in the first five months.
Ongoing rewards include 0.5% cashback on up to £10,000 yearly spending, rising to 1% for spending above £10,000.
29.4% Variable APR
This card shines for its generous introductory cashback offer, allowing new users to earn significant rewards quickly, making it an attractive option for those who can meet the spending requirements.
Pros:
- No annual fee
- High introductory cashback rate
Cons:
- Requires minimum annual spend
- Cashback capped in the first five months
Final Words
As you consider the best cashback credit cards this February 2026, remember that the right choice can significantly enhance your spending power. Take time to compare your options carefully, focusing on welcome bonuses and ongoing rewards to make informed decisions that best suit your financial needs.
Frequently Asked Questions
With the Lloyds Ultra Credit Card, you can earn 1% cashback on all purchases for the first 12 months, dropping to 0.25% thereafter. This makes it a great option for those looking to maximize rewards in their first year.
Yes, the American Express Cashback Credit Card has an annual fee of £25. However, it offers ongoing rewards that typically range from 0.75% to 1.25% depending on your total annual spending.
The Santander Edge Credit Card features a targeted offer for current account holders, which includes earning cashback when they use the card 10+ times and set up a Direct Debit within the first three months.
Cashback credit cards reward you with a percentage of your purchases back as cash. The cashback can typically be redeemed against your statement or transferred to a bank account, depending on the card issuer's terms.
When selecting a cashback credit card, consider the annual fee, the cashback rate, and any spending thresholds for bonuses. Additionally, evaluate where you spend the most, as some cards offer higher rewards for specific categories.
Cashback credit cards can be worth it if you pay off your balance in full each month to avoid interest charges. The rewards can add up quickly, especially if you use the card for regular expenses.
The reward rate for the Lloyds Ultra Credit Card is 1% cashback on all purchases for the first year, dropping to 0.25% thereafter. This structure allows for a strong earning potential during the initial year.
