MSE News: Santander launches cashback current account

ylesia

Nevermind - answered my own question lol

http://www.santander.co.uk/csgs/Satellite?pagename=Abbeycom%2FGSPageDetail%2FWC_ACOM_PrintA&canal=CABBEYCOM&empr=Abbeycom&leng=en_GB&cid=1237908325374#Interest%20related?

Hammer_Time

I set up a dd to pay the credit card received a letter from them to say its been set up, also on the credit card statement it said its being paid by dd, I checked online and it stated a dd it active on credit card. However did they take the money will off course not!!! So it you set up one check ust in case.

Picasso7

I've just read this thread with great interest. I've been an Abbey/Santander customer for over twenty years and have been reasonably happy with them. I particularly like their iPhone app.

Did existing customers get the Quidco payment please? Quidco says: 'Customers do not need to have another product with Santander to qualify' which rather implies that if you are an existing customer that is OK too. Has anyone on here had it as an existing customer?

• I am thinking that I'll apply for the 123 credit card first, gaining myself a £21 cashback via Quidco.
• Then I'll apply, again, via Quidco, for a new 123 current account, with a £45 cashback. The terms and conditions of the credit card say 'for new and existing 123 Credit Card customers, we'll refund the first year's annual fee if you also open a 123 Current Account' so I'll get the fee for the credit card refunded.

Clearly the disadvantage with this plan is that I will have to transfer my DDs and SOs manually from my existing Santander current account to the new 123 account but that might just be worth it for £45!


I'd be very grateful if those of you on here with more experience could let me know if there are any flaws in this plan? Thank you.

cptncanary

Picasso7 wrote: »

I've just read this thread with great interest. I've been an Abbey/Santander customer for over twenty years and have been reasonably happy with them. I particularly like their iPhone app.

Did existing customers get the Quidco payment please? Quidco says: 'Customers do not need to have another product with Santander to qualify' which rather implies that if you are an existing customer that is OK too. Has anyone on here had it as an existing customer?

• I am thinking that I'll apply for the 123 credit card first, gaining myself a £21 cashback via Quidco.
• Then I'll apply, again, via Quidco, for a new 123 current account, with a £45 cashback. The terms and conditions of the credit card say 'for new and existing 123 Credit Card customers, we'll refund the first year's annual fee if you also open a 123 Current Account' so I'll get the fee for the credit card refunded.

Clearly the disadvantage with this plan is that I will have to transfer my DDs and SOs manually from my existing Santander current account to the new 123 account but that might just be worth it for £45!


I'd be very grateful if those of you on here with more experience could let me know if there are any flaws in this plan? Thank you.

My Santander TopCashBack transactions have tracked, but that's no gaurantee that they won't be rejected after a couple of months.

Scrounger

Picasso7 wrote: »

... any flaws in this plan?

Sounds like an excellent plan IMO. :beer:
Scrounger

al25

Picasso7 wrote: »

I've just read this thread with great interest. I've been an Abbey/Santander customer for over twenty years and have been reasonably happy with them. I particularly like their iPhone app.

Did existing customers get the Quidco payment please? Quidco says: 'Customers do not need to have another product with Santander to qualify' which rather implies that if you are an existing customer that is OK too. Has anyone on here had it as an existing customer?

• I am thinking that I'll apply for the 123 credit card first, gaining myself a £21 cashback via Quidco.
• Then I'll apply, again, via Quidco, for a new 123 current account, with a £45 cashback. The terms and conditions of the credit card say 'for new and existing 123 Credit Card customers, we'll refund the first year's annual fee if you also open a 123 Current Account' so I'll get the fee for the credit card refunded.

Clearly the disadvantage with this plan is that I will have to transfer my DDs and SOs manually from my existing Santander current account to the new 123 account but that might just be worth it for £45!


I'd be very grateful if those of you on here with more experience could let me know if there are any flaws in this plan? Thank you.

You can change/upgrade your existing santander account into a 123 current account instantly upon application, and leave the DD,SO as it is.

Scrounger

al25 wrote: »

You can change/upgrade your existing santander account into a 123 current account instantly upon application, and leave the DD,SO as it is.

... and miss out on the chance of £45 Cashback :eek:
Scrounger

matthewbpt

dano24 wrote: »

Oh dear... I have a feeling there will be a large number of disappointed people on MSE. Let's just say I have an intricate understanding of Santander having worked in the branch network until very recently.

1) As previously mentioned, Santander will not move your direct debits from an internal account. You would have to apply for the upgrade on the account with Santander directly where they simply update the tarrif you are on and pay you cashback.
2) Cashback Incentives (Quidco, TCB or Santanders £100/200/300 offer) never apply for existing BANKING customers. So I am sorry to say that everyone that has applied via TCB will be disappointed when the tracked £55.55 is never paid.

From TopCashBacks website:
The 123 Current Account is open to new and existing Santander customers aged 18 and above (must be UK resident). TopCashBack Cashback is only available to NEW customers.

3) An existing customer is anyone with an open bank account. It doesnt matter whether you havent used it in 10 years, if its open - you dont get the money. The easiest way is to close it, wait 13 weeks and try again. While you are waiting 13 weeks you could be using the First Direct offer to get your £100 :-p

Hope that this clears sometthings up.
Dx

Does anyone know if the "new customer only" condition is for any kind of account or just their current accounts? I only have an ISA with Santander and I would love to get the cashback.

CleanShirt

Edit. Oopsy.

Scrounger

matthewbpt wrote: »

Does anyone know if the "new customer only" condition is for any kind of account or just their current accounts? I only have an ISA with Santander and I would love to get the cashback.

Why not (clear your cookies and) give it a try through Quidco? :beer:
In the unlikely event you don't get the cashback you can easily close it down with a terse secure message.

Scrounger