![]() 'Even the standard cashback rate of 1.5 per cent after that is pretty competitive,' he adds. The Abbey credit card gives 5 per cent cashback on supermarket spending until the end of July, while the American Express Platinum card gives 5 per cent back for the first three months on spending up to £4,000. Sean Gardner, chief executive of, says there are two deals worth considering. Michelle Slade at data provider Moneyfacts likes the Egg Money card, which gives £90 back a year for someone spending £750 a month on their card, or £30 to someone spending £250 every month: 'There aren't many cashback cards left, but for people who never run up any interest they are a good deal. Of these, experts say 'cashback' credit cards offer the best deals. But the reward card market has almost halved in the past three years, with 44 available now. People who pay off their credit card balances in full each month are better off with credit cards offering points, as the interest rate being charged is irrelevant. If Barclays got rid of the scheme there would be no incentive for me to stay with them.' 'I get about £100 a year back from them which I can spend in M&S and other stores. 'The reason I signed up to Goldfish was because of its loyalty scheme,' he says. Robert Richardson has had a card with the company for 12 years. However, if the proposition entails losing the card's loyalty scheme, many customers are likely to be up in arms. A spokesman said it would 'rule nothing out' but would make Goldfish customers 'a compelling proposition' in the next few weeks. But one option being considered by Barclaycard is to ditch the loyalty scheme. The voucher can be used at 29 outlets including Marks & Spencer, John Lewis and WH Smith. Users earn one point for every pound spent, then get back a £10 voucher for every 1,750 points earned. Goldfish has long had one of the most generous credit card reward schemes in what has become a rapidly diminishing loyalty card market. Visitors to the Goldfish website are being directed to Barclaycard's products. It said that applications for the card already made this month would go ahead, but no new ones would be opened. Last week it sent out an email to affiliate websites which advertise the Goldfish brand, telling them to stop promoting it as 'planned activity.
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