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Best cashback credit cards for Christmas 2023
Image of Ella Mower

Ella Mower

Content Writer
Published: 06/12/2023

Earn up to £125 cashback with American Express; find a 0% introductory purchase rate from Santander.

Everyone knows Christmas can be an expensive time of year, with the cost of food, presents and socialising quickly amounting. If you’re looking to make your money stretch a little further this festive season and beyond, we list some of the top cashback credit cards currently available.

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National Insurance cuts and a State Pension boost: What the Autumn Statement means for your finances
Autumn Statement 2023 sees National Insurance contributions cut to 10% while the State pension is set to increase by 8.5%
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Government meets pledge as inflation slows dramatically to 4.6%
The UK Government meets its pledge as inflation slows dramatically to 4.6% in the year to October. This is the lowest annual rate in two years according to the Office for National Statistics (ONS).
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Inflation holds at 6.7% despite falling food prices
Rising fuel prices largely responsible for sustained, elevated inflation despite food prices falling for the first time since September 2021
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Latest switching offers: Nationwide BS, Lloyds Bank and TSB launch new deals
Three high street brands, Nationwide BS, Lloyds Bank and TSB, all launched new switching deals at the end of last month. Of these providers, Nationwide BS offers the largest cash incentive at £200 with an account paying 5.00% AER interest.
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Recent News

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Borrowing costs on the rise

28th September 2023

According to our latest data trends at Moneyfacts , the average credit card purchase APR (which includes card fees) rose to an all-time high of 31.8% APR this month. The average rate on a £10,000 loan has also risen and now stands at its highest point in over 10 years.

Latest data trends at Moneyfacts found the average credit card purchase APR (which includes card fees) rose to an all-time high of 31.8% APR this month.

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UK inflation drops to 7.9%: How will this affect your savings?

19th July 2023

UK inflation, the measure of how prices are increasing, fell to 7.9% in the year to June, according to the latest announcement from the Office for National Statistics (ONS). This is in contrast to last month when inflation rose at a higher rate of 8.7% in the 12 months to May.

The latest drop sees UK inflation fall to the lowest annual rate since March 2022.

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Ending soon: HSBC's £200 switching offer

29th June 2023

Time is running out to take advantage of HSBC’s switching deal after it set 3 July as the end date. Reintroduced in April, the deal offers a £200 cash incentive for customers switching from an existing current account to an HSBC Advance or Premier Bank Account.

Time is running out to take advantage of HSBC’s £200 switching deal after it set 3 July as the end date.

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Bank of England raises rates to 15-year high

22nd June 2023

The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 50 basis points today.

The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 50 basis points today.

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Bank of England raises rates to 15-year high

22nd June 2023

The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 50 basis points today.

The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 50 basis points today.

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Council tax increases: Are you eligible for a refund?

13th April 2023

With council tax increasing for most homes, could you qualify for a refund?

With council tax increasing for most homes, could you qualify for a refund?

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How to boost your National Insurance record before the April deadline

11th February 2023

With the 5 April deadline looming, should voluntarily pay in your missing National Insurance contributions to boost your state pension?

With the 5 April deadline looming, should voluntarily pay in your missing National Insurance contributions to boost your state pension?

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How high-earners can mitigate a rising HMRC bill

4th February 2023

In April 2023 there will be several new, key tax changes which will affect your wealth as a high-earning individual. These changes, and how you can prepare your finances, are discussed in more detail in this article.

In April 2023 there will be several new, key tax changes which will affect your wealth as a high-earning individual.

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Petrol prices drop below 150p for the first time since Russia invaded Ukraine

12th January 2023

Average petrol prices have dropped below 150p a litre for the first time since Russia invaded Ukraine last February, according to the AA.

The AA labelled the drop as “a huge relief for drivers”.

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Two practical financial new year resolutions for 2023

10th January 2023

Sometimes, giving up on our New Year resolutions comes down to expecting too much of ourselves – and here at Kellands, we believe in setting achievable goals. So, here are two practical financial new year resolutions you can actually stick to for 2023.

The two important and achievable financial goals you should consider setting yourself this year.

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Five essential things to know about your finances in 2023

10th January 2023

Now that 2023 has begun, you might be looking forward to the year ahead and what’s in store for your finances. In this article we have listed five essential events which are set to impact your finances in 2023.

The wider decisions and landmark events which are set to impact your finances in 2023.

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Autumn Statement 2022: The key changes to your personal finances

17th November 2022

Chancellor Jeremy Hunt made his Autumn Statement on 17 November. In this article we’ve listed some of the shifts, from tax to pensions, which could impact your personal finances.

From taxes to pensions, how will the Autumn Statement in 2022 affect you?

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Chancellor confirms energy price guarantee to end in April

17th October 2022

Chancellor Jeremy Hunt confirmed today that the energy price guarantee will now be in effect until April, after it was previously set to last over a two-year period. He said that due to volatile international gas prices it “would not be responsible” to continue exposing public finances to volatile international gas prices.

Chancellor Jeremy Hunt confirmed the energy price guarantee will now be in effect until April, after it was previously set to last over a two-year period.

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Chancellor reverses plan to scrap additional income tax threshold

3rd October 2022

The plan to scrap the additional income tax threshold has been scrapped, according to a Twitter post from Kwasi Kwarteng, Chancellor of the Exchequer. The additional income tax threshold is set out for individuals earning £150,000 or more every year. This income is taxed at 45%, but the Government announced it would scrap this in its Mini Budget 10 days earlier.

The plan to scrap the additional income tax threshold has been scrapped, according to a Twitter post from Kwasi Kwarteng, Chancellor of the Exchequer.

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Mini Budget: What tax changes has Kwasi Kwarteng made?

23rd September 2022

Chancellor Kwasi Kwarteng made his mini budget speech on Friday, 23 September 2022, which included several key tax changes. In this article we have listed some of the key changes which will affect your personal finances.

In this article we have listed some of the key tax changes which will affect your personal finances.

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How to ensure you’re still eligible for a full State Pension

27th August 2022

While it might not provide enough on its own for you to maintain the lifestyle you want, the State Pension will provide a solid bedrock of retirement income, rising annually to keep pace with the cost of living. However, you might be surprised to learn that regulation changes implemented in 2016 could mean you aren’t eligible for the full new State Pension, even if you believe you have worked enough qualifying years.

Are you eligible for the full State Pension?

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Am I eligible for a work from home tax rebate?

22nd July 2022

During the pandemic, many UK workers were required to switch an office lifestyle for a work from home set-up. Now, even after the COVID-19 restrictions have been lifted, workers can still claim a tax rebate for working from home.

During the pandemic, many UK workers were required to switch an office lifestyle for a work from home set-up.

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Financial scams are on the rise: Here’s how to keep your money safe

29th June 2022

In today’s world, there are plenty of threats to the security and viability of your wealth. You might be concerned about how the cost of living crisis will affect your savings and investments, for example, and already be having conversations with your financial planner about how to mitigate these effects. One potential challenge you could face in the coming months and years that you may not have considered is falling victim to an online scam.

One potential challenge you could face in the coming months and years that you may not have considered is falling victim to an online scam.

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Inflation nudges upwards to 9.1%

22nd June 2022

UK inflation reached 9.1% in the 12 months until May, the Office for National Statistics (ONS) announced today. Previously, inflation reached 9% in the 12 months to April. May’s inflation rate means it is the highest figure to be recorded in the National Statistics series, which began in 1997, and the highest inflation has been in 40 years.

UK inflation reached 9.1% in the 12 months until May, the Office for National Statistics (ONS) announced today.

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Petrol prices to hit £2 a litre, warns RAC

8th June 2022

The price of an unleaded litre of petrol could soon hit £2, warns the RAC. “With analysts predicting that oil will average $135 a barrel for the rest of this year drivers need to brace themselves for average fuel prices rocketing to £2 a litre which would mean a fill-up would rise to an unbelievable £110,” said Simon Williams, Spokesperson for the RAC.

The price of an unleaded litre of petrol could soon hit £2, warns the RAC.

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How a salary exchange can help lower your tax bill

30th May 2022

If you are a business owner in today’s world, it is likely you are searching for ways to reduce costs. Since early 2020, businesses have weathered many storms – the COVID-19 lockdowns and supply chain issues being just two. Fortunately, there is one under-used yet effective way for both businesses and employees to save money, and that is through “salary exchange”.

If you are a business owner in today’s world, it is likely you are looking for ways to cut costs. Fortunately, there is the option “salary exchange”.

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Inflation: These three things have gone up in price

24th May 2022

Last week, the Consumer Price Index (CPI) increased to 9%, the highest inflation has been in 40 years. Much of this can be owed to increased energy prices, with the Ofgem energy price cap coming into effect last month, according to the Office for National Statistics (ONS).

Here are three other things to have risen in price.

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BREAKING: Bank of England increases base rate to 1%

5th May 2022

The Bank of England has today increased base rate by 0.25%, up from 0.75% to 1.00%. The decision to increase base rate will be disappointing news to consumers who are already facing a cost of living crisis, with further rises anticipated over the next 12 months. Borrowers sitting on a variable rate may want to lock into a competitive fixed rate mortgage deal to protect themselves from rising interest rates, perhaps sooner rather than later as fixed rates rise, with the average two-year fixed rate surpassing 3.00%.

The Bank of England has today increased base rate by 0.25%, up from 0.75% to 1.00%.

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Spring Statement: Sunak promises Income Tax cut amid rise in cost of living

23rd March 2022

Government also plans to cut fuel levy and raise the National Insurance threshold. Chancellor of the Exchequer, Rishi Sunak, has promised to cut the basic rate of income tax from 20% to 19% by the end of Parliament in 2024. This promise was made in the budget speech today after inflation increased to 6.2% this morning, putting further strain on consumers.

Government also plans to cut fuel levy and raise the National Insurance threshold.

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What are your options when gifting your grandchildren money this Christmas?

8th December 2021

Grandparents struggling to decide what to buy for their grandchildren this Christmas may be considering gifting them money instead

Grandparents struggling to decide what to buy for their grandchildren this Christmas may be considering gifting them money instead

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Premium bond winners for December 2021 revealed

1st December 2021

Two lucky premium bond holders are ending the year £1 million richer having scooped the top prize in the December premium bond prize draw

Two lucky premium bond holders are ending the year £1 million richer having scooped the top prize in the December premium bond prize draw

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Credit scores rise during pandemic

1st November 2021

During the pandemic there has been a rise in consumers’ credit scores, with the average score increasing from 776 in September 2019 to 797 in September this year, according to Experian

During the pandemic there has been a rise in consumers’ credit scores, with the average score increasing from 776 in September 2019 to 797 in September

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How to maximise your monthly budget

30th June 2021

A combination of spending again as lockdown restrictions ease and rising inflation, means that many consumers who saw a rise in disposable incomes during the pandemic could start to see their finances being squeezed post-pandemic

A combination of spending again as lockdown restrictions ease and rising inflation, means that many consumers who saw a rise in disposable incomes during the pandemic could start to see their finances being squeezed post-pandemic

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Money Talk – your personal finance questions answered February 2021

19th February 2021

Here is a snap shot of some of the questions our financial experts have received and answered this month.

Here is a snap shot of some of the questions our financial experts have received and answered this month.

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Chancellor unveils new Job Support Scheme

24th September 2020

At lunchtime the Chancellor Rishi Sunak announced plans to launch a new job support scheme that will see the Government top up two thirds of employees wages

At lunchtime the Chancellor Rishi Sunak announced plans to launch a new job support scheme that will see the Government top up two thirds of employees wages

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Moneyfacts Annual Star Ratings – Personal Current Accounts and Personal Credit and Charge Cards announced

10th September 2020

The Moneyfacts 2021 Five and Four Star Ratings for the personal current account and personal credit and charge card sectors have been announced, providing consumers with an easy way of comparing the best products available in these markets

The Moneyfacts 2021 Five and Four Star Ratings for the personal current account and personal credit and charge card sectors have been announced

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Chancellor unveils new scheme giving consumers 50% off meals out during August

8th July 2020

During this afternoon’s summer statement, Chancellor Rishi Sunak announced a new ‘eat out to help out’ discount for consumers, which will give them 50% off meals eaten out during August to a maximum of £10 per head

During this afternoon’s summer statement, Chancellor Rishi Sunak announced a new ‘eat out to help out’ discount

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Half of all payments made using cards for the first time

3rd June 2020

The UK made further steps to becoming a cashless society last year, as new data released by UK Finance shows that during 2019, half (51%) of all payments were made using cards for the first time

The UK made further steps to becoming a cashless society last year, as new data released by UK Finance shows that during 2019, half (51%) of all payments were made using cards for the first time

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Get your finances in order by performing a financial health check

12th May 2020

Since social distancing rules were introduced in March there have been few people who have not seen their finances impacted by the Coronavirus pandemic, making this the perfect time to perform a financial health check

Since social distancing rules were introduced in March there have been few people who have not seen their finances...

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Bank of England announces emergency base rate cut - how does this impact your finances?

11th March 2020

Borrowing is expected to become cheaper as the Bank of England cuts base rate by 0.5% in an emergency today, but savers could also see savings rates fall further

Borrowing is expected to become cheaper as the Bank of England cuts base rate by 0.5% in an emergency today...

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The level of UK debt rises

20th September 2019

The number of British consumers who are struggling with debt is growing, as a record number of people contacted StepChange for help with their debts in the first six months of 2019, the debt charity has revealed

The number of British consumers who are struggling with debt is growing, as a record number of people contacted StepChange for help with their debts

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Brits spend eight days a year on life admin

24th August 2018

Between medical appointments, bill-paying, DIY and other admin tasks, Noddle.co.uk estimates that we now need 10 days per year just to work through all our life administration. Unfortunately, it seems that people are only spending eight days on it.

Between medical appointments, bill-paying, DIY and other admin tasks, Noddle.co.uk estimates that we now need 10 days per year just to work through all our...

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Disposable income down for first time in six years

12th April 2018

Households had less to spend in 2017 compared to 2016, the latest figures from ONS reveal, as disposable cash income fell for the first time since 2011. Compared to 2016’s increase of 0.2%, real household disposable income fell by 0.1% last year.

Households had less to spend in 2017 compared to 2016, the latest figures from ONS reveal, as disposable cash income fell for the first time since 2011....

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The Consumer Awards showcase is here!

21st March 2018

Some months ago, you may have been one of the more than 160,000 people who filled in our Consumer Awards survey, giving us your views on the providers you deal with and the service you’ve gotten. Now, you can read more about the providers who've won.

Some months ago, you may have been one of the more than 160,000 people who filled in our Consumer Awards survey, giving us your views on the providers you...

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Moneyfacts Consumer Awards 2018 winners revealed

26th January 2018

Last night, the winners of the Moneyfacts Consumer Awards 2018 were announced at a ceremony held at the Royal Lancaster Hotel in London. In a room packed with industry professionals, comedian Ellie Taylor revealed this year’s standout performers.

Last night, the winners of the Moneyfacts Consumer Awards 2018 were announced at a ceremony held at the Royal Lancaster Hotel in London. In a room packed...

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Relieve some Blue Monday money stress

15th January 2018

Today is Blue Monday, thought of as the gloomiest day of the year. While you may be feeling down in the dumps today for any number of reasons, if it’s money worries that are getting you down, we’ve got some tips that may help relieve the stress.

Today is Blue Monday, thought of as the gloomiest day of the year. While you may be feeling down in the dumps today for any number of reasons, if it’s money...

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Almost half of Brits have no financial buffer

27th November 2017

We all know the importance of having a financial buffer, yet too few of us take it to heart; research shows that 43% of Brits have no savings put aside for unexpected financial events, with their easy access emergency fund being woefully lacking.

We all know the importance of having a financial buffer, yet too few of us take it to heart; research shows that 43% of Brits have no savings put aside for...

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You can be ‘cash happy’ with £82 a week

13th October 2017

How much do you need to be truly ‘cash happy’? It may be less than you think, with research from SunLife showing that you don’t have to be a millionaire to be happy; you just need an extra £82 a week.

How much do you need to be truly ‘cash happy’? It may be less than you think, with research from SunLife showing that you don’t have to be a millionaire to...

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Moneyfacts Business Current Account Star Ratings

1st June 2017

Running a business requires successful cashflow management at all times, and that means you need the right business current account to suit. But how can you make sure you’re getting the best account for your needs? We may be able to help.

Running a business requires successful cashflow management at all times, and that means you need the right business current account to suit. But how can you...

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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.

Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.