Platinum Cashback Everyday Credit Card cashback rate, cap and annual fee
Platinum Cashback Everyday Credit Card pays 0.5% on all spending. Nothing at all below GBP 250 of spending a month — GBP 3,000 across a year.
American Express · United Kingdom · catalogue v101
Read from American Express's own published terms on 14 Sep 2026.
NoneAnnual fee
GBP 250Minimum monthly spend
0.5%Best rate
What it pays, by category
| Spending | Rate | Monthly cap |
|---|---|---|
| All spending | 0.50% | —All spending, up to £10,000 in a Cardmembership year. 1% above that. Warehouse retailers pay 0.5% at any tier. Nothing at all below £3,000 a year. |
The no-fee sibling, and the condition that decides whether it is worth holding is not the rate. Amex: "You must have made purchases on your Card Account of at least £3,000 within the Cardmembership year applicable to your Card Account to be eligible to receive your cashback." Below £3,000 a year you earn nothing — not a reduced rate, nothing — and no comparison table mentions it. Above it: 0.5% on spend up to £10,000 in the year, 1% above, and 0.5% at warehouse retailers such as Costco. The £3,000 is an annual threshold, shown here as its £250 monthly equivalent because this app reasons in months; spending it all in one month qualifies you just the same. A 5% introductory rate runs for the first five months, capped at £125. Source: americanexpress.com Platinum Cashback Everyday page, checked 14 Sep 2026.
Questions people ask
What cashback does the Platinum Cashback Everyday Credit Card pay?
0.5% on all spending.
Is there a cap on the Platinum Cashback Everyday Credit Card?
No monthly cap is published on the rates shown here.
What is the annual fee on the Platinum Cashback Everyday Credit Card?
No annual fee.
Is there a minimum spend on the Platinum Cashback Everyday Credit Card?
Yes — GBP 250 a month. Below that the bonus rates do not apply at all, which is the condition most comparison tables leave out.
Knowing the rate is not the same as remembering it
PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. It works offline and never connects to a bank.
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