The American Express Platinum Cashback Everyday credit card is one of a range of cards from American Express that offer both cashback and rewards. The bonus for this option is that there isn't an annual fee and the APR is relatively low.
Key facts about the American Express Platinum Cashback Everyday credit card
Best for: A combination of cashback and perks
Introductory offer: 5% cashback on purchases (up to a maximum of £100) for the first three months after opening the account
Representative APR: 22.2% variable
Fees: No annual fee
Perks: You can receive 0.5% cashback on spending up to £5,000 and 1% on spend above £5,000. There is also travel accident insurance included, as well as access to Amex Offers and Amex Experiences
Pros of the American Express Platinum Cashback credit card
- Unlike many of the cards in the American Express range, this card does not have an annual fee
- It has an excellent introductory offer of 5% cashback for the first 90 days (up to a maximum of £100), but the standard cashback offer after that initial period is also attractive
- The APR is reasonable when compared with similar cards, although it is better to clear the balance each month to keep payments interest free
Cons of the American Express Platinum Cashback credit card
- You need to spend a minimum of £3,000 per year on the card to qualify for the cashback offers
- You are unlikely to be accepted for the card if you have any history of bad credit
How to manage your payments on the American Express Platinum Cashback credit card
Cardholders can manage their accounts online or on the mobile app
How to apply for the American Express Platinum Cashback credit card
It's a good idea to complete the online eligibility checker before making your application as it gives you a clear indication of whether you are likely to be accepted, without affecting your credit report
Alternatives to the American Express Platinum Cashback credit card
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