American Express Shop Small 2022: earn cashback whenever you shop locally

The latest American Express Shop Small scheme is underway, letting you earn up to £25 cashback at participating stores.

Time is running out to take advantage of the latest American Express Shop Small promotion.

You could earn up to £25 cashback when using your Amex credit card in participating shops - but only until this Sunday. 

Here's a detailed look at how the promotion works, and how you can take part.

Amex slashing cashback rates and incentives

Before we do, it's worth highlighting that the Shop Small incentives are far less generous than they used to be.

A few years ago, the promotion allowed Amex cardholders to earn £5 cashback every time they spent £10 in participating stores. 

But it then put a cap of 10 transactions in place, meaning they could only earn a maximum of £50 cashback.

Last year it went even further and halved the cashback offer to a maximum of five transactions, while also hiking the amount someone has to spend to qualify for a cashback payout to £15.

And the same requirements apply this time round, meaning you can earn a maximum of £25 cashback from a minimum spend of £75. 

How to take part in the Shop Small scheme

If you're still interested in taking part in the Shop Small promotion, there are a few things you'll need to know.

First, it will run until 26 June.

Next, you'll need to register your card to be eligible. Once that's done, spend at least £15 in a single transaction at a participating small business and you'll automatically receive a £5 credit on your statement.

Finally, note that corporate cards, prepaid cards and cards issued by Lloyds are not eligible for the Shop Small promotion.

How to earn cashback all year round

Aside from Shop Small, American Express cards reward you for spending all year round.

The American Express Platinum Cashback Everyday Card (representative 22.2% APR), which has no annual fee, will pay you 5% cashback in the first three months up to a maximum of £100 – in other words, you'll need to spend £2,000 during that period to get the top amount.

After that, you’ll earn a tiered rate of cashback, depending on how much you spend.

The American Express Platinum Cashback Credit Card (27.3% representative APR) also pays 5% cashback in the first three months, but this is up to a slightly higher maximum of £125.

Thereafter you'll also earn a tiered rate of cashback, but at a slightly more generous rate than the card above.

The reason it's more generous is there's a £25 annual fee, so it's probably only suitable for those able to use it frequently.

As with any cashback credit card, it's vital you repay your debt in full every month or you'll soon rack up far more in interest charges than you'll gain in cashback rates.



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