◆ Cashback
Best cashback credit cards in Israel
Cashback is a refund on your spending, but the big headline rate is rarely what you actually get. This page gathers the
cashback cards in our catalogue and explains what really decides the return: eligible categories, monthly caps, annual
fees and expiry rules.
How cashback actually works
Three variables decide the value of a cashback offer: the refund rate, the categories it
applies to and the monthly cap. A card advertising 20% on a single category with a small
cap can return less than a 1% card on everything.
Cashback is usually paid as a statement credit or as points, not as cash. Points that expire, or can only be redeemed
in one shop, are worth less than money. The right comparison is the expected return on your own spending,
not the headline number.
Cashback cards in the catalogue
The figures below come from our catalogue of 126 cards and are current as of 20 October 2026. Rates are shown as
published by the issuer — full conditions and caps are on the official product page.
The table is not a ranking or a recommendation — it shows what each card advertises.
See the full catalogue and compare cards →
Worked example: what actually comes back
Say you spend 4,000 ₪ a month on a card. A flat 0.75% card returns about 30 ₪ a month, or roughly 360 ₪ a year. A card
offering 10% but only on a category where you spend 400 ₪ a month, capped at 50 ₪ a month, returns 40 ₪ a month —
better in this example, worse if that category spend is smaller or irregular.
The practical rule: calculate the return on the spending you actually do, not the maximum the offer
allows. If the annual fee is higher than the expected return, the card loses you money even when the headline rate looks great.
Common traps
- Monthly caps: a high rate with a low cap stops paying after a certain amount each month.
- Selected categories: the refund applies only to businesses classified into the category — a similar purchase elsewhere is excluded.
- Points expiry: points that expire are not equivalent to money.
- Annual fee: compare the yearly return with the fee; a generous benefit with a high fee can still lose.
- Year-one terms: "first year" benefits change afterwards — check what applies in year two.
Frequently asked questions
What is the difference between cashback and points?
Cashback is usually a statement credit or a refund to your payment method, while points accumulate in a club and their redemption value depends on availability and the rates the company sets. Cashback is easier to compare because it converts directly into an amount.
Does cashback replace the annual fee?
No. The annual fee is charged separately, and the refund applies only to actual spending. A card pays off when the yearly return is higher than the fee — otherwise the benefit does not cover the cost.
Why did I not receive the cashback I was promised?
The usual reasons: the purchase was not classified into an eligible category, the refund hit the monthly cap, the card was inactive that month, or the benefit was limited to the first year. Check the monthly statement and the club terms.
Can I earn cashback on more than one card?
Yes, but each card means a separate billing cycle and separate caps to manage. In most cases one card matching your main spending beats several cards each returning a little.