- Several credit cards right now give you cashback on your spending, which is a nice little bonus.
- Some cards offer a straight dollar amount, while others give you a percentage of your spending back.
- What’s next: We’ve rounded up Finder’s 5 best cashback credit cards below.
A good cashback credit card is one that quickly covers the cost of the annual fee with some form of cashback, be it a capped percentage back on your spending or a flat dollar sum.
But don’t focus entirely on the cashback. Make sure the credit card is one you’ll actually use. The cashback is the cherry on top.
1. MoneyMe Cashback Rewards Credit Card
MoneyMe Cashback Rewards Credit Card has a Finder Score of 9.9 in the cashback credit cards category, making it Finder’s best overall cashback credit card in August.
It gives you 1% cashback on your everyday purchases, capped at 1% of your credit limit each month. So if your credit limit is $5,000 that’s $50 a month, or $600 a year.
The annual fee is $149, so it shouldn’t be too hard to make this cashback card pay for itself.
Want a cashback?
Check out cashback credit card offers from across the market.
2. St.George Vertigo Card – Cashback Offer
St.George Vertigo Card – Cashback Offer has a Finder Score of 9.3. If you’re a new cardholder you can earn $75 cashback each month when you spend at least $1,000, for the first six months. That leads to a total cashback of $450.
The annual fee is quite low at $84.
The same offer is available on the Vertigo Cards from Bank of Melbourne and BankSA.
3. BCU Rewards credit card
BCU’s Rewards credit card also has a Finder Score of 9.3. It gives you 0.49% back on every dollar you spend, capped at $500 a year.
It’s one of the highest possible cashbacks you can get, and the annual fee is pretty low at $89.
4. Westpac Low Rate Card – Cashback Offer
The Westpac Low Rate Card – Cashback Offer has a Finder Score of 9.2 in the cashback category. You get a $75 statement credit each month if you spend $1,000 or more. This runs for the first 6 statement periods and works out to $450 total.
The annual fee is $84.
5. NAB Low Rate – Cashback Offer
The NAB Low Rate – Cashback Offer has a Finder Score of 9.2. With the cashback offer, new cardholders can get $400 cashback after spending $5,000 in the first 150 days with the card.
The card’s annual fee is $99.
Details of these are correct at time of publication and subject to change.