The existence of a polynomial kernel for Odd Cycle Transversal was a notorious open problem in parameterized complexity. Recently, this was settled by the present authors (Kratsch and Wahlström, SODA 2012), with a randomized polynomial kernel for the problem, using matroid theory to encode flow questions over a set of terminals in size polynomial in the number of terminals. In the current work we further establish the usefulness of matroid theory to kernelization by showing applications of a result on representative sets due to Lovász (Combinatorial Surveys 1977) and Marx (TCS 2009). We show how representative sets can be used to give a polynomial kernel for the elusive Almost 2-SAT problem. We further apply the representative sets tool to the problem of finding irrelevant vertices in graph cut problems, i.e., vertices which can be made undeletable without affecting the status of the problem. This gives the first significant progress towards a polynomial kernel for the Multiway Cut problem; in particular, we get a kernel of O(k^{s+1}) vertices for Multiway Cut instances with at most s terminals. Both these kernelization results have significant spin-off effects, producing the first polynomial kernels for a range of related problems. More generally, the irrelevant vertex results have implications for covering min-cuts in graphs. For a directed graph G=(V,E) and sets S, T \subseteq V, let r be the size of a minimum (S,T)-vertex cut (which may intersect S and T). We can find a set Z \subseteq V of size O(|S|*|T|*r) which contains a minimum (A,B)-vertex cut for every A \subseteq S, B \subseteq T. Similarly, for an undirected graph G=(V,E), a set of terminals X \subseteq V, and a constant s, we can find a set Z\subseteq V of size O(|X|^{s+1}) which contains a minimum multiway cut for any partition of X into at most s pairwise disjoint subsets.