Best Cashback Credit Cards

Think of it as a "loyalty discount" that pays you in actual money instead of toaster points. Every time you tap your card for something eligible like groceries, fuel, or that cheeky Friday night takeaway, the bank gives you a small percentage of that spend back. It’s basically getting a tiny discount on everything.

Most cards will drop the money straight back onto your credit card statement once a month, which effectively lowers your balance. Some cards let you "bank" the cash in a separate rewards account so you can withdraw it to your linked savings account whenever you like.

Generally, "eligible" means your everyday shopping. The things that usually don't count are "cash-like" transactions. This includes withdrawing cash from an ATM, gambling, paying government charges (like taxes via BPay), or buying gift cards. For almost everything else, you're earning money back!

Technically, you earn the cashback regardless of whether you pay the full balance. However, if you’re paying 20% interest on your monthly balance, that 1% or 2% cashback is going to get swallowed up fast. To really "win" at the cashback game, the best strategy is to pay your balance in full every month.

It depends on your goals! If you love hunting for business class seats and planning big trips, travel points are great and typically carry a higher dollar return on travel bookings. But if you prefer "set and forget" rewards that help with the weekly grocery bill or the cost of living, cashback is king. It’s simple, transparent, and you don’t have to wait years to use it.

You’ll often see cards offering a massive chunk of cashback like $250 if you spend a certain amount in the first few months. These are awesome "welcome gifts" for new customers. Just make sure the spend requirement fits your normal budget so you aren't overspending just to get the bonus.

We’ve made this part easy with the Kredmo Cashback Calculator. Instead of you doing the messy math, our tool looks at your monthly spending and automatically factors in any bonus point offers, sign-up credits, and ongoing cashback rates.

It then calculates your estimated 1st-year net cashback for every card in our results. This shows you exactly what you’ll clear in cold, hard cash after any annual fees are taken out. Just plug in your spend, and let the calculator show you which card actually puts the most money back in your pocket.