What is cashback pertaining to credit cards?

Not financial advice: A cashback card gives you "cash back" every time you spend on the card. It’s like a reward for using the card and is usually credited to your monthly statement, but some issuers send a check.

You can earn more cashback as you spend more on the card (these are best suited to people who pay off their bill in full each month - namely those who do not borrow on the card and do not pay any interest).

There are cashback cards that charge an annual fee, which could be about £25 but some are more than £100. Seeing annual fees make the cards less attractive, but it should not be rejected entirely. It can still be a good deal, based on the cashback rate, your spending habits and what else the card offers.

Of interest, cashback shopping sites are all the rage now but you need to be careful to avoid scams. Get tips for finding trusted cash back shopping sites here.