Make money spending money on your credit card

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If you pay for goods with a cashback credit card, you get a certain percentage back for each £1 you spend. So that literally means you'll get paid for spending!

You can find out which is the best cashback card on the market by comparing the cards in our credit card tables and then searching all credit cards to see which one is the best.

When deciding which one to go for, bear in mind that some cards have tiered rates of cashback. So if you spend more than say £10,000 a year on the card, you may qualify for a higher rate than if you only spent £1,000.

There's an easy way to get around this if you trust your partner. Take out an associate card which he or she can use. This means every £1 your partner spends will build up cashback on your card as well, increasing your total spend. Just be aware that you - and you alone - are still responsible for paying the entire bill, including anything your partner spends.

It can be hard to get your head around paying for even the smallest items with your cashback card, but it really is worth it when those pennies start to add up. And it's a great feeling handing over your card and knowing you're getting something back, too.

Finally, don't forget that purchases you make over £100 are covered under Section 75 of the Consumer Credit Act 1974, something you just don't get by paying by debit card.

So, in a myriad of ways, you really can be significantly better off. But make sure that you always pay off your balance in full each month - or the money earned in cashback will be negated by the interest you will have to pay on your debt.

To see the latest top cashback cards, go to The best cashback credit cards

Compare cashback credit cards with lovemoney.com

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Tips on this task (9)

  • anonyy
    Love rating 18
    anonyy said

    Better still DON'T get a credit card and be debt free, you know it makes sense!

    Report on 05 March 2011  |  Love thisLove  0 love
  • stetagg1
    Love rating 0
    stetagg1 said

    @anonyy I think you missed the point...

    Instead of spending with your debit card, you spend the same money on you cashback card, and pay it off in full with you debit/checking account. therefore you are debt free AND getting paid to spend money...

    Report on 24 July 2011  |  Love thisLove  0 love
  • lp115lp
    Love rating 0
    lp115lp said

    Have anyone tried becoming an 'affiliate' to one of the lottery syndicates? I've read about a few of them and contacted Companies House but I'm still not certain. Wouldn't want to steer others wrong.

    Report on 29 December 2011  |  Love thisLove  0 love
  • nickpike
    Love rating 308
    nickpike said

    Buy Bitcoins.

    I'm surprised Lovemoney hasn't done a report on Bitcoins. They seem to be 'behind the curve' on this one.

    Report on 06 November 2013  |  Love thisLove  0 love
  • TheWizardOfUzz
    Love rating 10
    TheWizardOfUzz said

    " if you trust your partner" ?

    I wasn't worried before !

    Report on 07 November 2013  |  Love thisLove  0 love
  • Simon Ward
    Love rating 8
    Simon Ward said Report on 09 January 2014  |  Love thisLove  0 love
  • maytowire
    Love rating 0
    maytowire said

    i have less respect for the advice on this site now that this article has told me that I can make money by using a credit card to spend money. I agree with the comments that not buying a credit card in the first place would probably "earn" you more money.. that the £1 you'd get cash back...

    Report on 15 January 2014  |  Love thisLove  0 love
  • electricblue
    Love rating 769
    electricblue said

    Well, this is the same site which keeps sending us links to a 'Banned' video which explains that the end of the world as we know it is nigh. What do you expect, professionalism?

    Report on 15 January 2014  |  Love thisLove  0 love
  • Simon Ward
    Love rating 8
    Simon Ward said

    What's 'unprofessional' about suggesting people use cashback credit cards sensibly to earn extra money? I made £200 from mine last year.

    Report on 16 January 2014  |  Love thisLove  0 love

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