If you’re looking to get a little bit more out of your credit card, there are a number of cards offering cashback or other rewards for every pound you spend.

Rewards on offer can include Airmiles, money off your shopping (particularly popular with supermarkets’ own credit cards), days out, vouchers and discounts on petrol.

Advantages

For each pound you spend using your card, you will earn reward points or cashback. The more you spend the more you’ll get back, so these cards are ideal for people who spend a lot of money on their credit card.

Disadvantages

Rewards and cashback credit cards are only worthwhile if you can repay your balance in full each month. If you don’t, the interest will generally cost more than the rewards you get back.

The level of rewards or cashback you’ll receive per pound spent can vary from card to card, so some cards are better than others. It’s worth looking carefully at what each card offers before you choose which one is best for you.