Santander 123 Credit Card - Close after 1 year & re-apply to avoid £24 fee??

Scrounger

Philmill wrote: »

Possibly also off topic, but watch out for the £24 fee refund for 123 Current Account. It only applies if you set up a direct debit from the 123 account. Small detail, but I have a 123 current account with my partner for household bills. My credit card is my personal account - so I wont be paying it from the joint account. As such, I wont qualify for the fee refund - even though I am an existing 123 current account customer!

You only have to set up the DD to qualify for the £24 refund; you can still pay the card off by other methods (and in this case no money will be taken by the DD).

So why not set up the DD on the 123 joint account up for minimum payment, continue to pay the card yourself (so payment will not be taken by DD) and once £24 fee is refunded, simply cancel the DD.

Scrounger

vns

pjread wrote: »

off topic, but what 5% card, am I missing a trick??

reclusive46 wrote: »

There isn't one at the moment (Apart from business).

Hi,

Correct, this was about a year ago.
The only 5% CapitalOne atm is the business one.

VNS