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Cashback credit card deals hard to find

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The number of credit cards offering Airmiles and rewards in the form of points is going up.

New research by data information provider Defaqto has found they're taking over from cashback deals, which aren't as common as they used to be.

Five years ago more than a quarter of credit card deals offered cashback, but now it's less than one in 20.

American Express offers one of the most generous cashback deals, with 5 per cent back in the first three months.

If you're after a particular type of reward scheme, whether it's points, Airmiles or cash, the advice is to get in there quick as offers are often limited.

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