Credit Cards UK .. Your full guide 2023
Even though UK platinum Amex is aimed at people with deep pockets and a spending power, it requires no basic wage.
This is a debit card, not a credit card, so there is no limit on how much you can spend or an annual percentage rate (APR). However, you must pay off the full balance each month.
The annual fee of £575 is the largest of any personal American Express card that is advertised in the U.K. This fee isn’t waived the first year or any other years after that. But there are a lot of things that make up for this high fee.
However, considering how much this card costs, the rate of earning isn’t very good. For every £1 you spend, you’ll only get 1 Membership Reward point. Furthermore, for a card with such an elevated annual fee, there is only one bonus spend category. For every £1 you spend with American Express Travel Online, you’ll get two Membership Rewards points.
You’ll still get 1 Membership Reward point for every £1 (or its equivalent) you spend in foreign currencies. However, you’ll also have to pay a 2.99% foreign transaction fee.
In addition, you’ll pay about twice as much for the non-Sterling transaction fee as you would for the Membership Rewards points. Due to the foreign transaction fee that comes with this card and most other American Express UK cards, you might not want to use this card abroad just to earn points.
Moreover,the Amex Platinum credit card for business uk is relatively convenient. You must be a UK-registered business to qualify for business credit cards uk eligibility check, which even sole proprietors frequently have to do. Nevertheless, it’s not of the best business credit cards for startups uk.
If you shop at the store chain a lot, the M&S Reward Offer card is a good choice. You can upgrade M&S Club Rewards for £10 per month, but the basic card comes with no additional rewards.
The card gives you two points for every £1 you spend at M&S for the first year. This goes down to one point for every £1 spent at M&S after the first year. For every £5 you spend elsewhere, you’ll get one point. One M&S voucher is worth one point.
Cards that gives miles
Virgin gives rewards in the form of Virgin Points. With the Virgin Atlantic Reward credit card, for every £1 you spend on the card, you get 0.75 Virgin Points and for every £1 you spend at Virgin Atlantic or Virgin Holidays, you get 1.5 Virgin Points.
As an example, Virgin says that you’ll get 5,850 points a year if you spend £650 a month on your Virgin Atlantic Reward credit card. You only need 3,000 points in your account to start getting rewards. You can use your points to pay for part of a flight ticket and pay the rest in cash.
This Virgin Atlantic Reward card could be thought of as a low-cost air miles credit card that doesn’t require much of you. It doesn’t give bonus points after the first purchase, but it also doesn’t charge an annual fee. If you have a credit limit of £1,200, the APR is 22.9%.
If you spend £20,000 in a year, you can get either an update to a Premium seat or a second ticket for a friend or family member.
The British Airways AMEX Premium Plus credit card gives you Avios points, which are miles that can only be redeemed for flights on British Airways.
For every £1 you spend on things, you get 1.5 Avios points. For every £1 you spend with BA Holidays or British Airways, you get 3 Avios points. As a welcome bonus, you get 25,000 Avios points if you spend £3,000 on the card in the first three months.
If you spend £10,000 on the card in a year, you get a 2 for 1 Companion Voucher that lets you bring a friend with you when you use your points to buy a flight with British Airways. The voucher is good for two years, and you still have to pay the rest of your friend’s fees, taxes, and charges.
This card has a low annual fee of £195, but the representative APR is 74.7 percent variable and the purchase rate is 22.2 percent variable. This is based on an assumed credit limit of £1,200.
When you sign up for the American Express Preferred Rewards Gold credit card and spend £3,000 in the first three months, you get 20,000 Membership Rewards points.
For every £1 you spend on the card, you get 1 Membership Rewards point. For every £1 you spend directly with an airline, you get 2 Membership Rewards points, and for every £1 you spend at American Express Travel, you get 3 Membership Rewards points.
This card doesn’t have an annual fee for the first year, but after that, it costs £140 per year. With an assumed credit limit of £1,200, the representative APR is 56.6 percent variable and the purchase rate APR is 22.2 percent variable.
