I got me £60 of free money today from my Morgan Stanley Cashback Credit Card today. I got the card about a year ago as it was the best deal around at the time. The great thing about cashback cards is that they are so easy to utilise. I have always paid off my balance every month (so that I don't pay interest) and the purchases I have made with the card over the last 12 months, I would have made anyway. For me, there is no downside. I did exactly as I did before but got rewarded £60 for doing so.
Spending on my Morgan Stanley card has waned recently because I found a better deal from GE Money. With GE Money's Everyday Credit Card, I get 3% cashback (that's £3 for every £100 I spend) from purchases at supermarkets and petrol stations (which is the where the lion's share of my spending goes).
Cashback credit cards are fantastic
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