5% Payback Credit Card for High Earners?

In article , Robin Smith writes

See last weekend's Sunday Times

There is no such card. There are plenty of cards that offer 0.5% cashback however.

And some that offer 1% - or slightly higher for special promotional deals.

Nothing that approaches 5% though - that is more the the VISA charge so anyone offering such a scheme would lost money hand over first. Regards, Zen

- Personal finance problems solved

I believe Egg when first issued used to have an introductory period of cash back at 5%, i may be wrong, or at some time used to have on-line deals that gave 5%.

In fact i do believe that this 5% introductory offer is now available from Egg in France, but then again i may be wrong.

I think she's a bit challenged in the decimal point department.

0.5% is possible. 1% even but these offers appear to be perilously short lived.

Doesn't come into it 5% is more than the CC company is getting out of the deal to cover all their costs including financing the outstanding balance, which if settled every month won't earn the a penny in interest, and pay inducements like this.

DG

Another variant I noticed recently, there is now an MBNA card issued by Homebase which effectively gives 1% cashback in vouchers.

You are wrong. It was 1%, it's been cut to 0.5% for quite some time now.

"Stephen Burke" wrote

Do you get double if you use both the MBNA cc and a Homebase loyalty points card, in Homebase??

Captial One's Circle card has been 1% for some time.

cd

Ok, i will stop being lazy and look back at my Egg Card Statements.

My first statement in December 1999 said 'Earn 5% cash back, an extra 3%, each time you use your Egg Card in our Egg Shopping Zone between 4th February and 6th March'.

I was on a 4.5% introductory interest rate for 6 months. I did not use my card until after the six months at which time the cash back was 1%. So i don't know how long the 2% cashback offer lasted.

As for Egg France being 5% cashback it was only what i had read before in this group and having found the thread the offer was 5% for one month then

1% thereafter. You can follow the link below.

Yes (well, less than double, the loyalty discount varies from 2% to 10%). Plus the usual 6 months at 0% on balance transfers. I should also have mentioned that the points can be converted into air miles, 6 miles per pound (i.e. per

100 pounds spent on the card). However, the Tesco card with 0.5% cashback in clubcard vouchers gives you 16 miles to the pound, so it works out better - bizarre ... I'm not really sure how to value airmiles anyway now we have cheap tickets with easyjet et al.

Unfortunately it seems they have removed all mention of the circle card on their website. Does this mean they're likely to chop it soon?

cd

You have a point. My bookmarked link:

3&context_id=2&pageId3&product_id=4 or

*does* still appear to be present, but yes, there doesn't seem to be any mention of this card on the main pages anymore. Worrying...

I received latest my statement from Capital One this morning. There's no clue there that they intend to stop the cashback, but I agree the fact that they've removed the Circle card from their web site does suggest it might be coming to an end.