Barclaycard launch new cashback credit card

Barclaycard has launched a new cashback credit card that pays six per cent for the first three months and then two per cent on around half of your purchases.

Once the high cashback of rate of six per cent ends after three months, Barclaycard will pay two per cent cashback on your five biggest credit card transactions each month and 0.50 per cent on all of your other purchases.

The two per cent rate will double to four per cent for one month a year, on the anniversary that you took out the credit card.

However, in order to qualify for the two per cent rate, you have to make at least 15 purchases a month and there is also an annual fee of £24.