If you'd rather have cash than airline points, the Platinum Cashback Everyday is one of the most straightforward cards in the UK. No fee, a strong intro offer, and cashback paid straight onto your statement once a year. There are a couple of rules worth knowing before you apply, though.
Foundations
Amex Cashback Everyday Review 2026: Is the 2% Offer Worth It?
Amex Cashback Everyday review for 2026. 2% intro cashback for 12 months up to £200, then 0.5% to 1%, no fee, the £3,000 minimum spend and who it suits best.
Key takeaways
- No annual fee. Representative 29.1% APR variable. Credit is subject to status.
- Intro offer: 2% cashback for your first 12 months, up to £200, which you reach at £10,000 of spending (American Express). DepositScout reports the offer ends on 12 January 2027.
- Ongoing: 0.5% on the first £10,000 of spending a year, then 1% above that.
- Minimum spend: no cashback is paid in a year with less than £3,000 of spending (ClearScore, 22 Sep 2026).
- Cashback is paid once a year, in your card anniversary month.
What does the Cashback Everyday card include?
| Feature | Platinum Cashback Everyday |
|---|---|
| Annual fee | £0 |
| Representative APR | 29.1% variable |
| Intro cashback | 2% for 12 months, max £200 |
| Ongoing cashback | 0.5% up to £10,000 a year, 1% above |
| Minimum annual spend | £3,000 to earn any cashback |
| Cashback cap | None on the ongoing rate |
| When it's paid | Once a year, as a statement credit |
| Foreign spending | 2.99% non-sterling fee |
| Minimum income | £15,000 |
Amex has recently renamed the card the Amex Cashback Everyday Credit Card. The intro offer has changed several times in 2026, so check the current terms on the application page before applying.
How much cashback will you actually earn?
After the intro offer, the tiered structure means you earn more as you spend more. Here's what different spending levels earn in a full year:
| Annual spend | Cashback | Effective rate |
|---|---|---|
| £2,999 | £0 | 0% (below the minimum) |
| £3,000 | £15 | 0.5% |
| £5,000 | £25 | 0.5% |
| £10,000 | £50 | 0.5% |
| £15,000 | £100 | 0.67% |
| £20,000 | £150 | 0.75% |
Try it with your own spending:
Calculator
How much would Cashback Everyday pay you?
- Monthly card spending£800
- Cashback rate (%)0.5%
- Annual fee£0
Cashback a year£48
Per month£4.00
Over 5 years£240
Uses 0.5%, the rate on your first £10,000 a year. Spending above £10,000 earns 1%, so heavy spenders earn a little more. No cashback is paid in a year with less than £3,000 of spending.
In the first year, the 2% intro rate replaces these figures until you've earned £200, so year one is worth far more: £10,000 of spending earns the full £200 instead of £50.
Take Action: Put regular bills and groceries on the card from day one to make the most of the 2% intro rate in your first 12 months, then clear the balance in full each month.
Is the Platinum Cashback Everyday worth it?
It's worth it if you want a simple, no-fee card and you'll spend at least £3,000 a year on it. The 2% intro offer, worth up to £200, is one of the best on any no-fee card, and you can't lose money on the card itself as long as you pay in full.
It's less good if:
- You spend under £3,000 a year. You'd earn nothing at all.
- You spend more than about £10,000 a year. The fee-paying Platinum Cashback card, at £25 a year, pays more above that level.
- You'd value airline miles. Points cards like Amex Gold can be worth more if you redeem for flights.
Cashback Everyday vs Amex Gold
If you're open to points, compare the first-year value with Amex Gold:
| Cashback Everyday | Amex Gold | |
|---|---|---|
| Annual fee | £0 | £0 in year one, then £195 |
| Welcome bonus | 2% for 12 months, up to £200 | 35,000 points + £100 Selfridges card via referral (to 12 Jan 2027) |
| Ongoing earn | 0.5% to 1% cashback | 1 point per £1 |
| Best for | Simplicity, cash | Flights and travel |
Through a referral, the American Express Gold Card (Representative 85.8% APR variable, credit subject to status) can be worth more than £200 in year one if you'd use points for flights. See our Amex Gold review. Our cashback vs Avios guide helps you decide which suits you.
Eligibility
You need to be over 18 with a UK address and pass Amex's credit checks. The intro cashback offer is for new cardmembers who haven't held a personal Amex card in the previous 24 months. Credit is subject to status.
Things to watch out for
- The £3,000 minimum. Light spenders get nothing.
- Annual payment. If you close the card before your anniversary, you may lose cashback earned that year.
- Interest at 29.1% variable. Carrying a balance costs far more than the cashback earns.
- 2.99% on foreign spending. Use a fee-free card abroad.
For more no-fee and fee-paying options, see our best cashback credit cards guide.
FAQ
How does the Amex Platinum Cashback Everyday card work?
You earn 2% cashback for your first 12 months, up to £200. After that, you earn 0.5% on your first £10,000 of spending each card year and 1% above that. Cashback is paid once a year as a statement credit, and only if you've spent at least £3,000 that year.
Does the Amex Cashback Everyday card have a fee?
No. The Platinum Cashback Everyday card has no annual fee. Its Representative APR is 29.1% variable. The fee-paying Platinum Cashback card costs £25 a year but pays higher cashback rates of 0.75% and 1.25%.
What is the minimum spend for Amex Cashback Everyday?
You need to spend at least £3,000 in a card year to earn any cashback on the Platinum Cashback Everyday card. If you spend less, no cashback is paid for that year. The intro offer of 2% up to £200 applies in your first 12 months.
When does Amex pay cashback?
Amex pays cashback on the Platinum Cashback Everyday card once a year, as a credit to your statement in your card anniversary month. Closing the card before then may mean you lose the cashback earned in that year, so check the terms first.
Who can get the Amex Cashback Everyday intro offer?
The 2% intro offer is for new cardmembers who haven't held a personal American Express card in the previous 24 months. You must also be over 18, live in the UK, earn at least £15,000 and pass Amex's credit checks. Credit is subject to status.
The bottom line
The Amex Cashback Everyday is a simple, no-fee cashback card with one of the best intro offers around: 2% for a year, up to £200. It suits people who spend between £3,000 and £10,000 a year and want cash rather than points. Bigger spenders should look at the fee-paying Platinum Cashback, and travellers at Amex Gold.
If you'd use points for flights, apply for Amex Gold with our referral link for a free first year. Representative 85.8% APR variable. Credit is subject to status.
Found this useful? Add Next Steps Finance as a preferred source and Google will show you more of our guides in search and AI answers.