Barclaycard have launched a new cashback card that advertises a jaw dropping 6% headline cash back rate. However, there’s a £24 annual fee and overall it’s a bit complicated. These limitations that mean for most people we think the leading offers from Capital One and American Express will be preferable.
The 6% rate only applies during your first three months and is limited to £120. It’s also limited to your five biggest purchases of the month, with a 2% rate applied to everything else.
To see the full Cashback table click here.
Representative APR 24.6% APR (variable) Purchase rate p.a. 19.9% p.a. (variable) Assumed credit limit £1,200 Annual fee £24 Subject to application and status. The terms of your product may differ from the example.