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
- No foreign exchange fees
Cons:
- Cashback drops significantly after the first year
- Monthly account fees may apply
2.Amex Cashback Everyday Credit Card
American Express
- 5%Cashback on spending for the first 5 months
- 1%Cashback on spending over £10,000
Earn 5% cashback on spending for the first 5 months (up to £2,500 spend).
5% cashback for the first 5 months, then 0.5% on up to £10,000 annual spend.
29.4% Variable APR
What sets the Amex Cashback Everyday Credit Card apart is its impressive 5% cashback on spending for the first 5 months, making it a compelling choice for those looking to earn significant rewards quickly.
Pros:
- Strong introductory cashback rate
- No annual fee
Cons:
- Requires a minimum spend to earn base cashback
- Higher ongoing APR
3.Santander Edge Credit Card
Santander
- 1%Cashback on all purchases, capped at £10/month
Get £48 cashback if you use the card 10+ times and set up a Direct Debit within the first three months.
1% cashback on all purchases, capped at £10/month.
37.8% Variable APR
The standout feature of the Santander Edge Credit Card is its straightforward 1% cashback on all purchases, making it a solid option for users who want consistent rewards, despite the monthly fee.
Pros:
- 1% cashback on all purchases
- No foreign exchange fees
Cons:
- Monthly fee applies
- High APR
4.Amazon Barclaycard
Barclaycard
- 1%Cashback on Amazon purchases
- 0.5%Cashback on other purchases
Get a £20 Amazon Gift Card upon approval.
1% back on Amazon purchases, 0.5% elsewhere.
28.9% Variable APR
This card shines for its ability to earn 1% back on Amazon purchases, making it an excellent choice for frequent Amazon shoppers who want to maximize their rewards.
Pros:
- No annual fee
- Welcome bonus of £20
Cons:
- Lower cashback on non-Amazon purchases
- Variable APR can be high
5.John Lewis Partnership Credit Card
John Lewis
- 5%Points at John Lewis and Waitrose
- 1%Points on other purchases
Earn double points for the first 60 days on eligible spend at John Lewis and Waitrose.
5 points per £4 at John Lewis and Waitrose, 1 point per £10 elsewhere.
29.9% Variable APR
A key differentiator for the John Lewis Partnership Credit Card is its ability to earn double points for the first 60 days, making it a great option for new customers looking to maximize their rewards at John Lewis and Waitrose.
Pros:
- Double points for new customers
- No annual fee
Cons:
- Lower points earning rate outside of John Lewis and Waitrose
- Variable APR
Final Words
As you navigate the best store credit cards this January, remember that weighing the benefits, fees, and rewards is crucial for making the right choice. Take time to compare your options to ensure you select a card that aligns with your spending habits and financial goals.
Frequently Asked Questions
Earn 1% cashback on all purchases for the first 12 months, dropping to 0.25% thereafter.
Earn 5% cashback for the first 5 months, then 0.5% on up to £10,000 annual spend.
Get £48 cashback if you use the card 10+ times and set up a Direct Debit within the first three months.
The Lloyds Ultra Credit Card and Amex Cashback Everyday Credit Card have no annual fees, while the Santander Edge Credit Card does have an annual fee of £48. It's essential to review the fee structure when choosing a card.
Consider factors such as cashback rates, welcome bonuses, and annual fees. Additionally, evaluate your spending habits to find a card that maximizes rewards based on where you shop the most.
Typically, you can apply online by providing personal information such as your income, employment status, and financial history. Approval may be instant or take a few days, depending on the card issuer.
Most store credit cards can be used internationally, but it’s important to check for foreign transaction fees and whether the card is accepted in your travel destinations.
