If you need any further proof of the tough environment out there for credit card rewards, Amazon has just announced big changes to its UK Platinum Mastercard.
I tend to use the Amazon card as one of my default ‘best (almost-)cashback’ cards. After this change, the best mainstream card is probably the John Lewis / Waitrose one which has no annual fee and still offers 0.5% back, doubled to 1% at John Lewis and Waitrose.
From 29th April, the cashback rate – paid in Amazon vouchers – on the Amazon Platinum Mastercard will drop from 0.5% to just 0.25%.
The earning rate when spending at Amazon remains unchanged. You will get 1.5% back as a Prime member and 0.75% back otherwise.
Details of the credit card, which do not reflect the upcoming changes, are on this page of the Amazon site.
Want to earn more points from credit cards? – June 2021 update
If you are looking to apply for a new credit or charge card, here are our June 2021 recommendations based on the current sign-up bonus.
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the other top current deals:
British Airways American Express
5,000 Avios for signing up, no annual fee and a companion voucher for spending £20,000 Read our full review
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
30,000 points and an unbeatable set of travel benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and the most generous non-Amex for day to day spending Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these offers.
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
British Airways Accelerating Business American Express
Earn both Avios and BA On Business points with your business spending Read our full review
Capital On Tap Business Rewards Visa
The most generous Avios Visa or Mastercard for a limited company Read our full review