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Lloyds Bank launches new cashback credit card: Is it any good?

American Express offers Gold cardmembers £10 back with Deliveroo every month

American Express may have caught the eye of shoppers and takeaway fans this week after announcing one of its credit cards is now offering a tasty cashback deal. Amex will dish out holders of its Preferred Rewards Gold credit card £10 every month when ordering from Deliveroo. Cardholders will be able to receive up to £5 twice each month for Deliveroo purchases charged to the card. New and existing American Express Preferred Rewards Gold cardmembers can tuck into an exclusive new benefit with Deliveroo. To take advantage, Gold cardmembers simply need to enrol by saving it to their card via the Amex app or their online account by 6 May 2023.

American Express to cut cashback on its credit cards by as much as 50%

American Express and its market-leading cashback credit cards are getting a little less generous, with the provider slashing how much customers earn by as much as 50 per cent in some cases. Payouts on the free American Express Platinum Cashback Everyday and £25-a-year Platinum Cashback credit cards can currently total hundreds of pounds a year with cashback rates of up to 1.25 per cent. However, for newcomers from today and for existing customers from 4 August, cashback rates will be cut. American Express is cutting the cashback paid on some of its credit cards The free card currently pays 0.5 per cent on up to £5,000 a year and 1 per cent cashback on spending above that. However, under the changes all spending of up to £10,000 will only earn 0.5 per cent.

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