First, apologies on that long title but American Express thought the credit card deserves a long name.

In this review I will go through the pros and cons of using Platinum Cashback Everyday as your credit card. The purpose of writing this review is to help others understand when it may or may not be the right choice for you.

Who is this card for?

The American Express Platinum Cashback Everyday credit card is for anyone that would like a credit card with no annual fee and rewards you with cashback as you keep spending.

What does it cover to have a Platinum Cashback Everyday card?

There is no annual fees, as in, ZERO annual fee for keeping this card.

Interest rate is 28.1% APR variable which is charged on the balance. To avoid interest fees always pay the full balance on or before the due date. This way regardless of how much the interest rate is on your credit card, you will not pay any interest fees = FREE. A good way to avoid late payments is to set up direct debit. Additionally, if you like to follow your spending on your phone you can choose to download the AMEX app.

Which benefits and perks does the card come with?

The Platinum Cashback Everyday credit card has the benefit of earning you money as you spend it. The card also comes with travel insurance courtesy of American Express.

Note – There is no cap on how much cashback you can earn.

How do I earn cashback?

After the first three months of card membership you earn 0.5% for spending below £10,000. Any spending above £10,000 earns you 1% in cashbacks.

Below is a table to illustrate how much cashback you can earn per month:

Avg. Monthly SpendAnnual Cashback
Cashback is calculated assuming average monthly spend over a 12-month period.
* Spending up to £10,000 earns 0.5% cashback. Above £10,000 earns 1% cashback.

Welcome Bonus

In the first three months of membership you earn 5% cashback or up to £100 (£3,000 of spending). After this time you earn cashback as the mentioned in the section above.

How do I receive the cashback?

Cashback is a percentage of a transaction that is credited back to you as a loyalty reward. Every time you spend on your Credit Card, you’ll automatically receive a percentage of that value as a reward into your Account.

The cashback is credited to your Account annually as a statement credit.


Do you not want to spend money for having a credit card? and are you interested in earning some money back when spending? Then the Platinum Cashback Everyday card may the right choice for you. Also, remember it comes with travel insurance courtesy of American Express.

It is free to have the credit card but always remember to pay the balance in full to avoid interest charges. Although cashback may not make you rich, it is definitely a nice way save some money.

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