Best Reward Credit Card in UK | 2022 Wealth Circle

Best-Rewards-Credit-Card-UK
Best-Rewards-Credit-Card-UK

Credit cards are one of those easy-life technovations in the Uk as the rest of the world, or rather, developed part of the world.

Almost everything is gotten on a swipe. Just swipe. Sounds funny but real. However, there are the best reward credit cards in the UK that offer users amazing rewards.

Because everybody can do with a little extra topping, credit cards with the best rewards top the list of credit cards even in the UK. I mean, if I can get some thank-you gifts, why will I not just prefer your offer already?

In this post, I will highlight about 12 best reward credit cards in the UK and their features. This should enable you to decide which works best for you.

Even students will benefit from the analysis of a student credit card mentioned here. All I ask is that you read with an open mind.

What is the best reward credit card UK?

The best reward credit card in the UK is one which gives the best rewards of all the reward giving credit cards in the Uk.

  • American Express Preferred Rewards Gold Credit Card: Best card for beginners.
  • British Airways American Express Premium Plus Credit Card: Best card for receiving the most valuable UK rewards from credit cards (the British Airways Companion Voucher).
  • Virgin Atlantic Reward+ Mastercard Credit Card: Best card for when Amex is not approved
  • The Platinum Card from American Express: The ultimate premium credit card with the best travel benefits.

What credit cards do millionaires use?

Credit cards that appeal to the ultra-rich are springing up globally in the contemporary. These exclusive cards also offer the best rewards and elite perks, including access to private jets and personal shoppers, that allow high net worth individuals to reward themselves for all their hard work.

The said prestigious credit cards used by Millionaires include;

  • Chase Sapphire Reserve®.
  • Ink Business Preferred® Credit Card.
  • JP Morgan Chase Palladium Visa.
  • Citigroup Chairman Card.
  • American Express Centurion Card.
  • Stratus Rewards Visa.
  • Coutts World Silk Card.
  • Bank of Dubai First Royale MasterCard.

Which credit card gives the best rewards UK?

The best rewards credit card UK for 2022 Include;

  1. American Express’ Blue Cash Preferred® Card
  2. Citi® Double Cash Card
  3. Chase Sapphire Preferred® Card
  4. The Blue Business® Plus Credit Card from American Express
  5. Southwest Rapid Rewards® Priority Credit Card
  6. Chase Sapphire Reserve®
  7. Savor® Rewards from Capital One®
  8. Hilton Honors Aspire Card from American Express
  9. Amazon Prime Rewards Visa Signature Card
  10. Target RedCard™ Credit Card
  11. Discover it® Student Cash Back
  12. Capital One QuicksilverOne Cash Rewards Credit Card

What are the best airline rewards credit cards?

The best airline rewards credit cards;

  • Chase Sapphire Preferred Card: Best for total value
  • CitiBusiness® / AAdvantage® Platinum Select® Mastercard®: Best for American Airlines business travelers
  • Capital One® Venture® Rewards Credit Card: Best for easy-to-use rewards
  • Delta SkyMiles® Gold American Express Card: Best for occasional Delta flyers
  • Delta SkyMiles® Platinum American Express Card: Best for regular Delta flyers
  • Citi® / AAdvantage® Executive World Elite™ Mastercard®: Best for Admirals Club access
  • United Explorer Card: Best for United flyers
  • Alaska Airlines Visa Signature® credit card: Best for earning Alaska Airlines miles
  • Southwest Rapid Rewards Performance Business Credit Card: Best for Southwest Airlines business travelers
  • Delta SkyMiles® Reserve American Express Card: Best for elite Delta flyers
  • JetBlue Plus Card: Best for JetBlue flyers

Best Rewards Credit Card in the Uk

American Express’ Blue Cash Preferred® Card

Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express; Best Cash Back CardExcellent, GoodLimited Time Offer: $0 introductory annual fee for one year, then $95. Offer Expires 12/10/2020Earn $300 

Cashback cards are some of the simplest best rewards credit card uk out there. American Express’ Blue Cash Preferred® Card allows cardholders to receive up to 6% cashback in two unusual categories: U.S. supermarkets and U.S. streaming services.

Most cards grant only such large amounts in one. In the battle of cash-back credit cards, this gives the Blue Cash Preferred the advantage if you have daily expenditures in these categories.

Rewards:

Gain 6% cashback on spending up to $6,000 a year at U.S. supermarkets (then 1% back afterward); 6% cashback on selected U.S. streaming subscriptions; 3% cashback on transportation (including taxis, rideshares, parking, tolls, trains, and more); 3% cashback at U.S. gas stations and 1% cashback on all else. In the form of a statement credit, cashback is redempted.

Annual fee:

Limited Time Offer: $0 introductory one-year annual fee, then $95. 12/10/202020 Bid Expires

Welcome Bonus:

Receive a $300 statement credit after spending $3,000 in transactions within the first 6 months on your new card. 12/10/2020 Deal Expires.

Other advantages and drawbacks:

The cashback rates on this card are competitive and offered in a wide variety of categories. One big downside of this card, however, is that the money-back can only be collected as a statement credit.

Cardholders can redeem cashback in a number of ways, such as a direct deposit into a checking or savings account, with other common cash back cards, including the Discover it ® Cash Back.

Citi® Double Cash Card

Citi® Double Cash Card

Citi® Double Cash Card; Best No Annual Fee CardExcellent$0None 

The Citi® Double Cash Card is a perfect option if you want a quick cash back card. It is one of best rewards credit card UK. For any transaction with no limitations or categories to keep track of, you can receive a flat rate of cashback.

Your rewards can also be converted to ThankYou points with this pass, which can be moved to airline miles if you also carry a Citi PremierSM Card* or a Citi Prestige® Card*.

Rewards:

For all orders, receive 1% cashback and 1% cashback when you pay your bill. On each swipe, tap, dip or online purchase, that’s effectively 2% cashback (hence the name double cash).

Annual charge: $0 annual fee

Give Welcome: None.

Other advantages and drawbacks:

The more you use Citi Card’s Double Cash, the more you earn. There are no restrictions, quotas or limitations on how much money you will gain back.

You can use the Citi Double Cash Card for your regular transactions and receive a generous amount of cash back without paying any fees or interest, as long as you pay your card off every month and avoid fee-bearing practices such as cash advances and balance transfers.

For 18 months on Balance Transfers completed within the first four months of opening a new account, this Citi Double Cash offers new cardholders a 0% introduction and a variable APR after, depending on the creditworthiness (currently 13.99% – 23.99% variable).

Balance transfers are subject to a fee, whichever is greater, of $5 or 3% of the value of each transfer.

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card; Best All-Around Travel Rewards CardExcellent/Good$9560,000 bonus points.

Rewards:

2X travel points and dining at restaurants around the world, qualifying delivery services, takeout and dining out & 1 point spent on all other transactions per dollar.

Annual fee: 95 dollars

Welcome Offer:

After opening an account, get 60,000 bonus points in the first 3 months when you spend $4,000 on transactions. When you redeem from Chase Ultimate Rewards®, that’s $750 towards travel.

Other advantages and drawbacks:

Ultimate Rewards are versatile as well as useful, which is why our top travel card is the Sapphire Preferred card. You have the option to pass Ultimate Benefits, such as United Airlines and Hyatt, to a number of frequent flyer services and hotel chains.

When redeemed via the Chase travel portal, an Ultimate Rewards point from your Chase Sapphire Preferred® Card is worth 1.25 cents per point, but if you are going to use the travel portal, we will suggest considering the higher annual Chase Sapphire Reserve® fee rather than because your points would be worth 1.5 cents each.

The Chase Ultimate Reward cards are better taken as a family: you can gain Ultimate Rewards easily by pairing a Chase Sapphire Chosen with a Chase Freedom ® card * and a Chase Ink business card.

To really speed up the rate, incentives can even be blended between family members. The whole analysis of the Chase Sapphire Chosen can be read here.

The Blue Business® Plus Credit Card from American Express

The Blue Business® Plus Credit Card from American Express

With a 0 % APR on sales for 12 months, you can also save money on interest, followed by a variable APR, 13.24

American Express’ Blue Business® Plus Credit Card is fascinating because you can receive Membership Bonus points without an annual charge.

With a 0 % APR on sales for 12 months, you can also save money on interest, followed by a variable APR, 13.24 % -19.24 %, depending on your creditworthiness.

Rewards:

Receive 2 Loyalty Rewards points per dollar spent on the first $50,000 that you spend per year and on all other transactions, 1 Membership Rewards point per dollar.

Annual charge: $0 annual fee

Deal Bonus: N/A.

Other advantages and drawbacks:

If you want to save cash on interest at a lower APR, this card’s 0 percent APR deal may be tempting. The fact that you won’t receive any kind of welcome bonus for applying and meeting a minimum spending requirement is another drawback of this card.

We do like the fact that for each dollar you spend up to $50,000 per year and 1 point per dollar after that you will receive 2 Membership Rewards points.

Given that this card does not have an annual charge, we assume this makes it a good choice to combine with American Express’s The Company Platinum Card® to use with all your non-bonus spending.

Southwest Rapid Rewards® Priority Credit Card

Southwest Rapid Rewards® Priority Credit Card

Southwest Rapid Rewards® Priority Credit Card; Best Airline CardExcellent/Good$149Earn 40,000 points.

The Southwest Airlines Quick Rewards program beats the other airlines hands down for simplicity of use and versatility.

It’s one of the best rewards credit card UK that even without bringing a credit card, the airline also provides two free checked bags per passenger on flights, making Southwest a perfect family option.

Rewards:

The Priority Credit Card Southwest Rapid Rewards® offers 2 Southwest Rapid Rewards points per dollar spent on Southwest flights and related transactions, and on all other purchases, 1 Southwest Rapid Reward point per dollar.

Annual Fee: 149 dollars

Welcome Offer:

Receive 40,000 points in the first 3 months after spending $1,000 on transactions. Your account is free.

Other advantages and drawbacks:

You could pick another airline card, but because of its simple method of redemption, we prefer the Southwest Airlines card: the cost of flights on points is related to the cost of cash flights, with 1 Rapid Reward point worth about 1.6 cents.

This means that on peak dates, you are not desperately looking for award flight availability. You might pay more, but on points, you can still find a flight.

Southwest also does not charge adjustment fees and if the price goes down, allows you to rebook your flights. Southwest’s absence of allocated seating, however, is a turn-off for others.

A $75 Southwest regular travel credit per year is also provided by the Southwest Priority Card, 7,500 Southwest bonus points each year on your cardholder anniversary, four improved boarding possibilities each year, and 20 percent back on inflight transactions.

You will be well on your way to winning the sum of 125,000 Rapid Rewards points required to obtain a Southwest Companion Pass if you could pair this card with a business card.

Thousands of dollars could save you the opportunity to take someone with you free of charge on any flight you take.

Check out the UnitedSM TravelBank Card* if you’re not a Southwest Flyer. For all transactions, the TravelBank card provides an attractive 1.5% United TravelBank cash return.

If you do a lot of foreign travel because of United’s wider network, a United credit card could also be a great option.

Chase Sapphire Reserve®

Chase Sapphire Reserve®

Chase Sapphire Reserve®; Best Premium travel CardExcellent Credit$55050,000 points 

The Chase Sapphire Reserve provides up to $10,000 per insured trip and a maximum limit of $20,000 per incident and a maximum benefit amount of $40,000 per 12-month period for trip cancellation and interruption insurance.

In order to be eligible, the trip must be billed on the Chase Sapphire Reserve Card. This is one of the reasons why the best premium travel card is our top choice.

Many trips have non-refundable features connected to particular dates, such as hotel reservations or prepaid tour reservations.

If you’re delayed or have to cancel your ride, you can get a massive amount of money out of it.

Rewards:

Receive three Ultimate Rewards points on all other purchases per dollar earned on dining and travel purchases (after receiving the $300 travel credit) and 1 point per dollar.

Annual Fee: 550 dollars

Welcome Offer:

Receive 50,000 bonus points in the first 3 months after opening an account after spending $4,000 on transactions. When you redeem from Chase Ultimate Rewards®, that’s $750 towards travel.

Other advantages and drawbacks:

This premium loyalty card’s high $550 annual fee is partly covered by $300 in travel points.

Priority Pass airport lounge membership, which requires airport restaurant locations that are not included in the American Express versions of Priority Pass, includes the Chase Sapphire Reserve benefits.

This means you’ll be able to eat and drink at over 1,200 airport lounge locations worldwide when you board, which could save a nice chunk of change for your family.

Chase Ultimate Bonus points, like United Airline MileagePlus and World of Hyatt, are transferable to a wide range of travel partners.

Points are redeemable on the travel portal of Chase, where they are each worth 1.5 cents. Check out Forbes’ Sapphire Reserve analysis here.

Savor® Rewards from Capital One®

Savor® Rewards from Capital One®

Savor® Rewards from Capital One®; Best for Dining and EntertainmentGood/Excellent$95One-time $300 cash bonus 

Many cards offer dining bonuses, but very few offer entertainment incentives. The Capital One Savor is targeted to Millennials, who tend to spend their money on experiences rather than objects, studies show.

Rewards:

Receive 4% cashback on dining and entertainment, 2% cash back at grocery stores on sales, and 1% cashback on everything else.

The Annual Fee: $95.

Welcome Offer:

Receive a $300 cash bonus if you spend $3,000 on transactions within three months of opening the account.

Other benefits and disadvantages:

If after the first year you do not want to pay an annual fee, you can also accept the Capital One ® SavorOne ® Cash Rewards Credit Card *, which provides 3% cash rewards on dining and entertainment as compared to 4%, but has an annual fee of $0.

Hilton Honors Aspire Card from American Express

Hilton Honors Aspire Card from American Express

Hilton Honors Aspire Card from American Express; Best Credit Card for HotelsGood/Excellent$450150,000 points.

The Hilton Honors Aspire Card is the only card that by keeping a credit card alone, provides top tier elite status.

Hilton Diamond status comes with the Aspire Pass, which provides upgrades, breakfast, late checkout and other advantages.

Rewards:

Receive 14 Hilton Honors Bonus Points per dollar spent on card transactions at participating Hilton hotels and resorts, 7 Hilton Honors Points per dollar on qualifying purchases for flights booked directly with American Express Travel, U.S. restaurants, and car rentals through select rental companies, and on all other purchases, 3 Hilton Honors Points per dollar.

Annual Fee: 450 dollars

Welcome Offer:

Receive 150,000 Hilton Honors Bonus Points after spending $4,000 on the Card in the first three months of Card Membership transactions.

Other advantages and drawbacks:

With $250 in Hilton resort credit and $250 in airline incidental credit, the hefty $450 fee is more than covered, provided you use the credits.

The Aspire is the only hotel card that confers top-tier automatic status, which makes it worth keeping alone for that purpose if you stay often but not enough to gain status at Hilton hotels.

Amazon Prime Rewards Visa Signature Card

Amazon Prime Rewards Visa Signature Card

Amazon Prime Rewards Visa Signature Card; Best for Online ShoppersGood/Excellent$0 with Prime Membership$70 Amazon.com Gift Card 

Amazon Prime Rewards Visa Signature Card is one of the best rewards credit card UK. The recent rise in our reliance on Amazon for everyday needs makes it a fantastic one. If you spend much of your Amazon shopping budget, you might as well be paid for it.

Rewards:

Gain 5% back at restaurants, gas stations, and drugstores on Amazon.com and Whole Foods Market 2%; and 1% on all other transactions.

Annual Fee:

$0 with Prime Membership, but $119 per year of Amazon Prime membership is required to receive the above 5% reward rate.

Welcome Offer:

Receive, upon acceptance, a $70 Amazon.com Gift Card.

Other Advantages and Drawbacks:

This card obviously doesn’t make sense to you if you’re not an Amazon or Whole Foods shopper. The $119 prime membership expense efficiently serves as an annual charge. If you’re already paying it, then there’s no extra charge to hold the pass.

As an Amazon credit with no minimum, you can redeem rewards. However, if the reward balance hits $20 or more you can also redeem your cashback as a statement credit or direct deposit to a checking or savings account.

There are a range of advantages to the Amazon Prime Rewards Visa Signature Card, including no international transaction fees, travel injury protection and baggage delay insurance, making it ideal for travel.

It also has advantages like the Luxury Hotel Range and Concierge Service from Visa Signature. To learn more, read our full review of the Amazon Prime Rewards Visa Signature Card.

You could do better with either the Capital One® Walmart RewardsTM Card* or the Goal REDcardTM Credit Card* if you are not an Amazon shopper.

At their respective stores, both the Walmart Rewards and the RedCard credit card offer rewards, but none provides the Amazon Prime Card perks.

Target RedCard™ Credit Card

Target RedCard™ Credit Card

Target RedCard™ Credit Card; Best for Brick and Mortar Shopping at TargetGood/Excellent$0$40 coupon 

Each time they spend on Goal, the Target RedCard saves cardholders money, plain and easy.

That’s valuable for any customer, but especially for a family of four or more who could spend hundreds of dollars a month at Target, depending on their shopping habits.

No matter how much you spend, it makes no sense to use some other payment method at Target if you’re a loyal Target customer.

The Target RedCard is also one of the best rewards credit card UK and offers it’s own rewards to its users.

Rewards:

Receive 5% off for RedCard holders in-store and online from all eligible Target store transactions. No minimum purchase required. Free shipping on all online orders.

This involves free delivery on most products for 2 days. For an additional 30 days after the usual return period for that item, any goods purchased using the Red Card as your payment method can be returned.

Welcome Offer:

Get a $40 coupon off a $40+ qualifying purchase when you are accepted for a RedCard debit or credit in stores and from 9/13/20-10/10/20 at Target.com..

Annual charge: $0 annual fee

Other benefits and disadvantages:

Cardholders enjoy extra online benefits such as free delivery. Hence this card is akin to Amazon Prime on the shipping front. But it has no annual charge (now $119 a year or $12.99 a month for Amazon Prime) and allows you access to brick-and-mortar shops.

However to reap the advantages as Target treats in-store and online transactions practically the same for RedCard rewards, you do not have to live near a Target.

In addition, pairing this card with universal Target savings choices such as Cartwheel helps cardholders when shopping in-store to maximize their savings even further.

Many of these savings choices are also stored in the Goal app, so you can shop with just your phone at your nearest Target store.

Discover it® Student Cash Back

Discover it® Student Cash Back

Discover it® Student Cash Back; Best Student/First Credit CardFair/New to Credit $0 Cashback Match™ 

Cash Back offers both a regular credit card and a college credit card with similar advantages. Full-time students are eligible to apply for the student card at a two-year or four-year college.

The cardholder may be able to transition to a regular card with a higher credit limit after graduation, while also enjoying the same advantages.

The type of transition may be offered by other credit cards, but this card’s welcome offer gives it a distinct edge. The Discover it ® Student Cash Back is at the top of the student credit card list for the first-year bonus.

Rewards:

Receive 1% cashback on all transactions; 5% cashback on purchases of up to $1,500 per quarter in a special category (such as restaurants or gas stations) that when activated, changes every quarter.

Welcome Offer:

Immediately get an unrestricted dollar-for-dollar match of all the cashback that you won at the end of your first year.

Other advantages and drawbacks:

The Discover it ® Protected could be a good match if you don’t qualify for the Discover it ® Student Cash Back. In order to open the account, you will need a cash deposit, and bear in mind that the reward earning mechanism is distinct.

As long as you use your new card wisely, the Discover it ® Secured will help you boost your credit profile so that you can apply for a more valuable loyalty card in the future.

Capital One QuicksilverOne Cash Rewards Credit Card

Capital One QuicksilverOne Cash Rewards Credit Card

Capital One QuicksilverOne Cash Rewards Credit Card; Best for Average CreditFair$39None 

Rewards: Receive 1.5% cash back with no limit on all orders.

Present Offer of welcome: Zero.

Annual Fee: $39 dollars

Other benefits and disadvantages:

The Capital One QuicksilverOne cash rewards credit card gives a family the opportunity to accumulate a large cache of cashback to break up as required.

For those with average credit, the 1.5% cash return rate is higher than the baseline 1% cashback rate offered for many other cards.

Also, the card comes with the special advantage of no international transaction fees, which is important.

For comparable cards that give at least 1.5% cashback with no annual charge, namely the American Express Cash Magnet® Card and the Chase Freedom Unlimited® card, the same advantage is currently not available.

A word of warning about the Quicksilver card: two variants are offered by Capital One. Be sure not to confuse the Quicksilver Cash Rewards Credit Card* with the QuicksilverOne Cash Rewards Credit Card option for Capital One.

The latter provides similar benefits, but as a security for riskier cardholders (meaning those with lower credit scores) includes a $39 annual charge. An excellent credit score is required for the Quicksilver Rewards card, the one without an annual charge.

Summary of the Best Cash Back Credit Cards

Credit cardBest for:Cash back %Annual feeCreditCards.com rating
Capital One Quicksilver Cash Rewards Credit CardUnlimited rewards1.5% cash back on every purchase$03.4 / 5
Blue Cash Preferred® Card from American ExpressGroceries/ U.S supermarkets6% at U.S supermarkets More informationLimited Time Offer: $0 introductory annual fee for one year, then $95. Offer Expires 12/10/20204.3 / 5
Blue Cash Everyday® Card from American ExpressTiered cash back3% at U.S supermarkets More information$04.3 / 5
Citi® Double Cash CardFlat rate cash back2%More information$03.8 / 5
Discover it® Cash BackCash back5% in rotating categories More information$04.3 / 5
Capital One SavorOne Cash Rewards Credit CardDining and entertainment3% on dining and entertainment$03.7 / 5
Chase Freedom Unlimited®Introductory APR on purchases3% cash back on dining More information$04.7 / 5
Chase Freedom Flex℠Cash back on eligible travel5% in rotating categories More information$03.9 / 5
Discover it® chromeGas purchases2% on restaraunt and gas station purchases More information$04.1 / 5
American Express Cash Magnet® CardNo annual fee1.5% on every purchase More information$02.9 / 5
Summary of best rewards credit card in Uk

Conclusion

It’s imperative that you leverage the information here to make informed decisions about credit cards.

More importantly and as a general rule, ensure you do not live above your means; smart money is you using your money judiciously and consciously while multiplying it to grow your wealth base.

References

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