1.Lloyds Bank Ultra Credit Card
Lloyds Bank
- 1%Cashback on all purchases for the first year
- 0.25%Cashback on all purchases after the first year
1% cashback on all purchases for the first year, dropping to 0.25% afterwards.
Earn 1% cashback on all purchases for the first year, dropping to 0.25% afterwards.
12.9% Variable APR
The Lloyds Bank Ultra Credit Card stands out as the top choice because it offers a straightforward cashback structure with no foreign transaction fees, making it ideal for both everyday purchases and travel. Its initial 1% cashback for the first year is particularly appealing for those looking to maximize their rewards.
Pros:
- No foreign exchange fees
- No monthly account fees
Cons:
- Cashback drops significantly after the first year
- Limited initial bonus
2.Halifax Clarity Credit Card
Halifax
- 15%Cashback with selected retailers through Cashback Extras
- 0%No general cashback on card purchases
Sometimes offers a £20 sign-up bonus for making a purchase within 90 days.
Earn cashback through separate Halifax programs like Cashback Extras, where you can get up to 15% back.
23.9% Variable APR
What sets the Halifax Clarity Credit Card apart is its focus on travel benefits, offering no foreign transaction fees and a straightforward approach to managing spending abroad. While it lacks traditional cashback rewards, its unique Cashback Extras program allows users to earn significant rewards with select retailers.
Pros:
- No foreign transaction fees
- Good for travel spending
Cons:
- No general cashback on card purchases
- Limited rewards structure
3.Barclaycard Platinum Purchase Credit Card
Barclaycard
- 0%No cashback on purchases
Often features welcome bonuses like £20 cashback for spending £250 in 90 days.
Focuses on 0% interest on purchases rather than traditional rewards.
24.9% Variable APR
The standout feature here is the Barclaycard Platinum Purchase Credit Card's long 0% interest period on purchases, making it an excellent choice for those looking to manage larger expenses without immediate interest charges. Its lack of ongoing rewards is offset by the significant savings on interest during the promotional period.
Pros:
- 0% interest on purchases for up to 24 months
- No annual fee
Cons:
- No ongoing rewards structure
- Limited to promotional interest rates
4.NatWest Travel Reward Card
NatWest
- 1%Cashback on eligible travel spending
- 0.1%Cashback on other spending
No large upfront welcome bonus, but ongoing rewards on travel spending.
1% cashback on eligible travel spending and 0.1% on other spending.
27.9% Variable APR
This card shines for its travel benefits, offering 1% cashback on eligible travel purchases without any foreign transaction fees. It's particularly advantageous for frequent travelers who want to earn rewards on their travel-related expenses while avoiding additional charges abroad.
Pros:
- No foreign transaction fees
- 1% cashback on travel spending
Cons:
- Low cashback on non-travel spending
- Interest charges apply if balances aren't paid in full
5.Santander Edge Credit Card
Santander
- 2%Cashback at major department stores
- 1%Cashback on all other purchases
Targeted incentive for current account holders offering £48 cashback.
1% cashback on all purchases, 2% at major department stores.
37.8% Variable APR
A key differentiator is the Santander Edge Credit Card's cashback structure, which rewards users with 1% on all purchases and 2% at department stores. However, the monthly fee can diminish the value of the cashback earned, making it essential for users to manage their spending wisely.
Pros:
- 1% cashback on all purchases
- No foreign exchange fees
Cons:
- Monthly fee reduces overall cashback benefits
- High APR
- 15%Cashback with select retailers through Smart Rewards
- 0%No general cashback on card purchases
Focuses on introductory 0% interest periods rather than a standard welcome bonus.
Optional Smart Rewards program offering up to 15% cashback.
24.9% Variable APR
The MBNA Limited Platinum Visa is designed for those looking to manage debt effectively, offering low-interest rates and the potential for cashback through its Smart Rewards program. While it lacks a robust rewards structure, its focus on financial management makes it a solid choice for users seeking to consolidate balances.
Pros:
- Low-interest rates for purchases
- No annual fee
Cons:
- Limited ongoing rewards
- Focus on balance transfers
Final Words
As you explore the best credit cards for excellent credit in January 2026, remember to evaluate the features, rewards, and fees that align with your spending habits. Take time to compare different options to ensure you make an informed decision that maximizes your financial benefits.
Frequently Asked Questions
The welcome bonus for the Lloyds Bank Ultra Credit Card is 1% cashback on all purchases for the first year, dropping to 0.25% afterwards.
With the Halifax Clarity Credit Card, you can earn cashback through separate Halifax programs like Cashback Extras, where you can get up to 15% back.
The Barclaycard Platinum Purchase Credit Card often features welcome bonuses like £20 cashback for spending £250 in 90 days.
Most of the top credit cards for excellent credit, including the Lloyds Bank Ultra, Halifax Clarity, and Barclaycard Platinum, have no annual fees, making them cost-effective options for cardholders.
When selecting a credit card, consider factors such as the rewards program, interest rates, fees, and any welcome bonuses. It's also essential to evaluate your spending habits to choose a card that aligns with your financial goals.
Cashback credit cards reward you with a percentage of your spending as cash back, which can be used to offset future purchases or paid out to you. The rate can vary based on the card, promotional offers, and your spending categories.
The Lloyds Bank Ultra Credit Card has a variable APR of 12.9%, while the Halifax Clarity Credit Card has an APR of 23.9%, and the Barclaycard Platinum Purchase Credit Card has an APR of 24.9%. It's important to consider these rates when choosing a card to ensure you can manage repayments effectively.
