Best Credit Cards In The UK: Fees, Rates, Rewards and More

Do you use credit cards?

More than 33 million adults in the UK use them (from a population of more than 66 million).

Promising numbers, aren’t they?

Let’s have a deeper look at the benefits!

When used wisely, they offer tons of advantages and opportunities!

From convenience to making purchases to rewards programs, cashback, travel perks, and many additional values!

With various advantages and opportunities, some credit cards offer high-interest rates, especially if you don’t pay the balance fully by the due date.

They come with different fees, such as annual or late payment fees and cash advance fees, which can add to the overall cost.

The solution? – Understand “what is a credit card” and find the best credit cards in the UK!

What is the best credit card?

Different credit cards meet different purposes, and what might be ideal for one person may not be the best fit for another.

First and foremost, you need to have proper financial education and knowledge to make better decisions!

Some top credit cards in the UK charge annual fees, while others do not.

You should assess whether the benefits and rewards justify the expenses based on your spending habits.

Are you planning to carry a balance? Then, the interest rate is also crucial!

If you frequently travel internationally, look for credit cards with no or low foreign transaction fees.

You are not limited: there are many options with varying features. You can compare credit cards in the UK and find the one that meets your interest!

Discovering Financial Potential: The Best Credit Cards of 2023

I am here to help you explore the best credit cards in the UK, not with promotional advertising but with REAL comparisons with fees, rates, rewards, and more!

You can check the options and find the one that suits you best.

It is all about making an informed choice that fits your needs!

Barclaycard Platinum Cashback Plus Credit Card

The Barclaycard Platinum Cashback Plus Credit comes with no annual fee, providing a cost-effective option for cardholders.

The card offers competitive interest rates, especially for those with a good credit history.

It is known for its cash back rewards program, allowing users to earn cashback on eligible purchases.

Key Features of Your Barclaycard:

  • Earn 0.25% cashback on your everyday spending with this card.
  • No Fees Abroad
  • Competitive exchange rates
  • Your Barclaycard protects purchases over £100. In case of any issues, you could be eligible for a refund.

American Express Platinum Cashback Everyday Credit Card

The Platinum Cashback Credit Card from American Express offers exclusive benefits, making it a rewarding choice for card members.

New Cardmembers can enjoy a generous 5% cashback, up to £125, during the first three months of Card Membership, with a representative APR of 36.7% variable.

Beyond the initial period, there’s an opportunity to earn up to 1.25% cashback for those who spend over £10,001. The card provides not only cash rewards but also additional advantages:

Key features of American Express Platinum Cashback Everyday Credit Card:

  • Competitive cashback rates on your purchases
  • Chip and PIN technology
  • A secure system to minimise the risk of fraud
  • Your purchases are safe with refund and purchase protection
  • Access round-the-clock customer service
  • No Annual fee

HSBC Premier World Elite Mastercard

Designed exclusively for existing HSBC Premier and Private Banking Account customers, the HSBC Premier World Elite Mastercard is ideal for travellers seeking sophistication and enhanced benefits.

With a representative APR of 59.3% (variable) and a purchase rate of 18.9% p.a. (variable), this card is tailored to meet your needs.

Key Features of HSBC Premier World Elite Mastercard:

  • The card comes with an annual fee of £195, offering a range of premium benefits for dedicated travellers.
  • With a purchase rate of 18.9% p.a. (variable), the card provides flexibility for spending while earning double reward points.
  • Enjoy access to over 1,300 airport lounges worldwide with Priority Pass
  • Global Usage

Besides, it provides valuable everyday features like 24/7 worldwide assistance, purchase protection, and convenient card management through online banking and the HSBC Mobile Banking app.

NatWest Reward Credit Card

The NatWest Reward Credit Card applies an annual fee, but if you hold a Reward current account, the company will refund it.

You can earn 1% back on your supermarket purchases and a generous 1-15% back when you shop at selected retailers.

Additionally, 0.25% back on all other transactions, including supermarket petrol stations.

Additional Benefits:

  • Convenience of managing your card effortlessly with the NatWest mobile app
  • Flexibility and ease of use wherever your journey takes you.
  • You can use the card worldwide at Mastercard® locations, both in-store and online.
  • Manage your credit card conveniently with the NatWest mobile app

Halifax Clarity Credit Card

Getting a Halifax Clarity credit card is an excellent decision for those seeking simplicity in their financial transactions.

You can enjoy tracking your spending and borrowing costs with the Halifax Clarity credit card, as it charges the same interest rate on all your purchases.

You will find no foreign transaction fees, which makes it a cost-effective option for international transactions.

Cash withdrawals may incur interest charges from the day of withdrawal and while they won’t charge you, some ATM providers may impose fees.

While the Halifax Clarity credit card doesn’t offer traditional rewards programs, the real reward lies in the simplicity and predictability it brings to your financial dealings.

Additional Benefits:

  • Benefit from the widely accepted Mastercard in numerous countries
  • Transactions ranging from £100 to £30,000 are covered
  • Added protection


The credit card issuer’s reputation and the quality of customer service can influence the decision, as people prefer reliable and responsive assistance when needed.

Careful consideration of these factors can help make an informed decision.

With the Money Equation, you can raise your financial awareness and stay up-to-date with the financial changes and updates.

You can also check The Monzo reviews!