American Express Platinum Cashback
American Express UK · Cashback · Statement Credit
This comprehensive guide covers the American Express Platinum Cashback's reward rates, fees, and terms — updated regularly from official sources — to help you decide if this card fits your spending. The American Express Platinum Cashback from American Express UK offers cashback rewards credited directly to your statement at 5% (up to £125 per cycle). Top earning categories include 5% cashback first 3 months up to £125 and more. Annual fee is £25 (no standard fee waiver; annual fee is £25 for the platinum cashback card).
Best for: General Online, Grocery, Dining, Travel
Reward Examples
Spend £1,000 on General online → earn £50 (5%) · 5% cashback first 3 months up to £125
Spend £1,000 on General online → earn £10 (1%) · 1% cashback on all purchases
Official product page → Official rules →
Waiver: No standard fee waiver; annual fee is £25 for the Platinum Cashback card
Reward Rules
- 5% 5% cashback first 3 months up to £125 (cap: £125)
- 1% 1% cashback on all purchases
Important Notes
- Introductory 5% rate applies for first 3 months up to the first £2,500 of spend.
- Ongoing earn rate of 1% after the introductory period with no cap.
- Annual fee of £25 applies from the second year onward.
How to Apply
- Apply online: Official application page →
- Credit score: Most rewards cards require good to excellent credit (typically 670+ FICO).
- Issuer rules: Some issuers restrict approvals (e.g. Chase 5/24). Verify current eligibility before applying.
American Express Platinum Cashback vs Similar Cards
- British Airways American Express Premium — Aviios · £190
- British Airways American Express Card — Travel Miles · £0
- British Airways American Express Premium Plus Card — Travel Miles · £250
Maximize Your Rewards
To earn the highest rewards, use the American Express Platinum Cashback for its bonus categories: General Online, Grocery, Dining, Travel, Online Retail.