If you’re based in the UK and are considering a new credit card, the American Express Cashback Everyday Credit Card could be a great option. With zero annual fees, cashback rewards and extra benefits, this card combines convenience with real everyday benefits. But is it right for you?
- Exclusive Amex Offers
- No annual fee if you meet minimum spend
- Cashback on every purchase
In this complete guide, we will explain everything you need to know before applying for your card: how it works, what the benefits are, what the possible points of attention are and what is required to be approved. All of this in direct, clear language without beating around the bush.
Why we recommend the American Express Cashback Everyday credit card
There are several reasons to consider this American Express card, especially if you’re looking for cash rewards without paying an annual fee. Some of the main attractions include:
There is no annual fee, which represents an immediate saving
Offers cashback on all your purchases, with the possibility of increasing the return rate as you use it
It has an attractive welcome bonus for new customers
Flexibility to pay the full bill or pay in installments with the fixed installment feature
Exclusive offers for those who love travel, shopping and experiences
We recommend this card mainly for those who already have good financial control and want to get some return on purchases they would have made anyway. It is also an interesting option for those who are just starting to build a solid credit history in the UK.
What can I use my credit card for?
Using a credit card goes far beyond just making purchases. With American Express Cashback Everyday, you have the freedom to use your card in a variety of situations in your daily life. Here are some examples of how to use it:
Shopping in supermarkets, pharmacies, department stores or online
Payment for subscriptions and services, such as streaming or gym memberships
Hotel reservations and airline ticket purchases
Larger purchases that can be paid in installments with the Plan It™ feature
Amex partner establishments with exclusive offers
Participation in experience programs and events promoted by American Express
Additionally, by using the card frequently, you accumulate cashback and improve your credit profile, as long as you keep your payments up to date.
Advantages and disadvantages of credit cards
Before making any financial decision, it’s important to know both sides of the coin. Below, we’ve gathered the main pros and cons of this American Express card, so you can clearly assess whether it really fits your usage profile.
Advantages of the American Express Cashback Everyday Credit Card
The card comes with a series of benefits that make it quite competitive in the British market. Check out the main highlights:
No annual fee: You don’t have to pay any annual fees to keep your card active
Cashback on all purchases: the more you use, the more you get back
Welcome bonus: in the first five months you can earn up to £125 cashback
Transparent rewards system: you always know how much you will receive, no tricks or confusing scores
Flat rate installments: With Plan It™, you can split purchases of £100 or more into a fixed monthly fee and interest-free.
Access to exclusive offers: American Express has partnerships with several brands and offers personalized promotions
Referral Program: You can earn rewards by referring approved friends
Protections and guarantees: the card includes fraud protection, travel insurance and even extended warranty for some purchases
Free additional cards: You can request additional cards at no cost
High-quality service: Amex is recognized for its fast and efficient support
Disadvantages of the American Express Cashback Everyday Credit Card
Even with so many advantages, the card may not be ideal for everyone. Here are some points worth paying attention to:
High interest rate: The APR (representative interest rate) is 30.4% variable, which means the cost can be high if you don’t pay the full amount of the bill
Less coverage: American Express is not accepted at all establishments in the UK
Minimum annual spend: You need to spend at least £3,000 per year to qualify for cashback
Welcome bonus rules: Anyone who has had a personal Amex card in the past 24 months is not eligible for the initial 5% cashback offer.
May require a good credit history: People with bad credit may have a harder time getting approved
These points should be considered carefully so that you can make the best choice for your financial situation.
How is credit analysis done at American Express?
When you apply for the card, American Express carries out a standard credit check, like any other financial institution in the UK. The good news is that the first step of the application process has no impact on your credit score. Only after you accept the offer will the information appear on your credit history.
In the evaluation, criteria such as:
Your current credit score
Presence of previous debts or delays
Income and financial stability
Fixed address in the UK
Active bank account in British territory
History of relationships with other financial institutions
Having a good credit history helps a lot with approval and can even increase your initial limit.
Is there a maximum and minimum credit card amount?
American Express sets an initial credit limit based on your financial profile. The website gives a representative example with a limit of £1,200, but this can vary quite a bit.
Factors influencing the limit value:
Your credit score
Your monthly or annual income
Its relationship with other debts
If you are a new customer or already have another Amex card
There is no publicly defined minimum or maximum fixed amount, but in general, those with a solid track record and proven ability to pay can obtain higher limits over time.
Additionally, you can request an increase in your limit after a few months of use, as long as your payments are up to date.
Want to apply? Learn how to get a credit card right here
If after reading all this you believe that the American Express Cashback Everyday Credit Card suits your profile, know that the application process is simple and completely online. The answer can come in less than a minute, and best of all: without affecting your credit score in the initial stage.
Did you like the benefits and want to know how to apply for yours? Click the button below to access all the information. There you can check the necessary documents, fill out your form safely and take advantage of all the opportunities this card offers.
