Starting this week, American Express have increased the cashback rate on their Platinum Moneyback credit card to a market leading 5% for the first 3 months and 1.5% thereafter.
The Card has no annual fee, cashback is paid annually on the card anniversary date and the standard APR on purchases is 18.9% variable!
Each month customers can claim up to £200 and for new customers who apply early they can receive their Card in time for their holiday shopping which can enhance their cashback earning potential!
So to confirm, the main changes are:
Cashback is 5% on all purchases for the first 3 months(1.5% thereafter)
APR on purchases is 18.9%