Whilst it doesn’t offer any miles or points, we have recommended the Tandem Money cashback credit card on numerous occasions. It really had everything (apart from miles):
- no annual fee
- no foreign exchange fees
- 0.5% cashback on all spending
- operates as a Mastercard so widely accepted
Unsurprisingly, since I cannot imagine any scenario under which Tandem was making money from this product, it has been pulled to new applicants. The website also seems to imply that the clock is ticking for existing cardholders too.
You can find out more on the Tandem website here.
My preferred Visa / Mastercard cashback product is probably now the John Lewis / Waitrose one. This DOES have FX fees, but you also get 0.5% back on third party shopping and 1% back at John Lewis and Waitrose. There is no fee. All rewards are paid in shopping vouchers. There is currently a £30 sign-up bonus too.
The Aqua credit card also has 0.5% cashback – and paid in real cash – but capped at £100 per year. It DOES NOT have FX fees. I am not a fan of this product because it is aimed at people with credit defaults and is advertised as such. This means that you will get a low credit limit and it isn’t necessarily one to wave around in the pub. I know some HfP readers use it and are happy with it, however.
Want to earn more points from credit cards? – May 2021 update
If you are looking to apply for a new credit or charge card, here are our May 2021 recommendations based on the current sign-up bonus.
If you have your own business, don’t miss our EXCLUSIVE offer on the Capital On Tap Business Rewards Visa card, worth 29,900 Avios. See below.
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.
Until 20th May 2021, you can receive a sign-up bonus worth 29,900 Avios with the Capital On Tap Business Rewards Visa credit card. This offer is exclusive to Head for Points readers. Click here to learn more.
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
Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. By recommending credit cards on this site, I am – technically – acting as a credit broker. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.