Cashback credit cards in Belgium: the data-driven comparison

Credit card cashback remains rare in Belgium. Unlike the US where every bank competes with 2 or 5% rates, the Belgian market is limited to a handful of options — and not all of them stack up once fees are deducted. This comparison runs the net numbers for each card.

Which cards offer cashback in Belgium?

The landscape is quickly summed up. Among traditional banks, only Beobank offers cashback. ING, KBC, Belfius and BNP Paribas Fortis return nothing on credit card purchases. Keytrade Bank offers a micro-cashback per transaction. Among neobanks, Revolut reserves cashback for its paid subscriptions.

*Revolut Premium: on EUR 1,000/month spending, annual cashback reaches roughly EUR 12 — for a EUR 119.88 subscription.

The table speaks for itself. Below EUR 10,000/month in spending, no paid Revolut plan generates more cashback than its subscription cost. Cashback alone doesn't justify a premium plan.

Beobank: three cashback cards, one clear winner

Beobank holds the monopoly on traditional bank cashback in Belgium. The range includes the Visa Extra, the Extra Mastercard (same terms, different network) and co-branded cards (Q8, Brico). For the majority of Belgians, the Visa Extra remains the simplest choice: 1% on everything, everywhere, with no categories to activate.

The Q8 World Mastercard targets Belgian drivers: 2% back on Q8 fuel (4% for the first three months), 0.5% on everything else. With a EUR 250/year cap and only EUR 5 in annual fees, a driver loyal to Q8 can reach a net gain of EUR 245 — the best absolute return on the Belgian market. The Brico World Mastercard works on the same principle (2% at Brico, 0.5% elsewhere).

Important detail: Beobank cashback is paid once a year, credited on the statement following the purchase statement. No instant payout, no app with a real-time counter. You receive a credit line on your next invoice. For those who prefer immediate returns, that's frustrating. Our detailed Beobank cashback review runs the full calculation.

Keytrade Bank: no percentage, but a free card

Keytrade Bank doesn't offer percentage-based cashback. Its Visa Gold credits EUR 0.05 per transaction, up to 50 transactions per month. Theoretical maximum: EUR 2.50/month, or EUR 30/year.

That looks trivial. Except the Keytrade Visa Gold is free (provided you make at least 12 transactions per year) and includes travel insurance — cancellation, repatriation, luggage — worth EUR 80 to 120 if you had to buy it separately.

What this means for you: Keytrade cashback isn't worth much on its own. The value lies in the free premium card. If you need a credit card with travel insurance and don't want to pay for it, Keytrade is unbeatable — the EUR 30 cashback is a bonus.

Neobanks: is cashback a serious argument?

Revolut Standard offers no cashback at all. You need the Premium plan (EUR 9.99/month) to get roughly 0.1% in Europe. Revolut restructured its cashback programme in 2024 — rates now vary by offer and partner merchant. A quick calculation with the base rate:

The breakeven point for Revolut Premium cashback sits at EUR 10,000 in monthly spending. Below that, you pay more in subscription than you recover. The Premium subscription is justified for other reasons (unlimited free currency exchange, insurance), but not for cashback alone.

Revolut Metal (EUR 16.99/month) offers up to 1% on payments outside Europe — but with a EUR 203.88/year subscription and only 0.1% in the eurozone, you need to spend heavily outside Europe to break even. The Beobank Visa Extra does better at EUR 20 per year.

Crypto cards (Crypto.com, Bleap) offer appealing rates — 1 to 8% — but cashback is paid in tokens whose value fluctuates. Crypto.com requires significant staking. This isn't comparable to guaranteed euro cashback.

How to maximise your cashback in Belgium

Three strategies that work without effort:

The simple strategy — Beobank Visa Extra (EUR 20/year). Pay for everything with it: groceries, fuel, online shopping. From EUR 167/month in spending, the card is profitable. Above EUR 833/month, you hit the EUR 100 cap. Net gain: EUR 80/year.

The driver strategy — Beobank Q8 World Mastercard (EUR 5/year) for fuel and the Visa Extra for everything else. Two separate caps (EUR 250 + EUR 100) = up to EUR 325 net per year. Requires discipline to split spending.

The traveller strategy — Keytrade Visa Gold (free) for travel insurance + Revolut Standard (free) for fee-free payments abroad. No significant cashback, but zero fees. Our travel card guide details this combination.

Cashback or free card: what's the better deal?

A Belgian spending EUR 800/month earns EUR 80 net in cashback with the Beobank Visa Extra — and pays EUR 20 in annual fees. The same person with an Argenta card at EUR 24/year recovers nothing. Net difference: EUR 56/year.

EUR 56/year is tangible. But the truly useful question is: do you need the perks of another card? If you travel regularly, the free Keytrade Visa Gold with its insurance is worth far more than EUR 80 in cashback. If you don't travel and spend more than EUR 200/month, the Beobank Visa Extra is the rational choice.

To compare all cards — cashback or not — based on your criteria, check our comparator. If annual fees are your priority, our guide to cheap credit cards in Belgium lists the most affordable options.

Frequently asked questions

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