MoneySaving Poll: Santander 123 customers – how much cashback do you get?

ali-t

YorkshireBoy wrote: »

You must have some seriously large bills to make £15 a month cashback! Unless you've misunderstood the thread topic?

I get cashback on my mortgage at 1%, 2% on gas and electric bills, 1% on council tax and 3% on direct debits so no i dont have seriously large bills, i just use the account effectively.

colsten

amibovvered wrote: »

Having said that, I wouldn't anticipate ever needing a mortgage or a loan in the future, so would it actually matter if I wrecked my credit rating by trying to open other accounts and possibly being turned down again?

You wouldn't wreck your credit file with applications for current accounts in any case.

Ebany

I make almost £15 a month, but that's mostly due to my mortgage which makes £9.50 on its own. Without that, I'd only get £4.65 Remortgage due next year, might be moving away then...

brewerdave

Looking at the poll how the h**l do people get over £50 cashback per month ?? Cannabis farm in a country mansion with no insulation??

brewerdave

My cashback has dropped from over £8 pm to barely £5 pm -mainly because I've worked hard on "negotiating" with the likes of Sky/Plusnet etc and minimised my utility bills:)

alexmi

About £11 a month, the largest part being the mortgage, the rest being made up of council tax (can't be reduced) and Sky TV and broadband, which could be reduced but I think I should be allowed to have to some luxuries in life, so largely the cashback is a welcome return for costs that I would have anyway. I also get about £10 a month cashback on the credit card, so it all adds up.

badger09

brewerdave wrote: »

Looking at the poll how the h**l do people get over £50 cashback per month ?? Cannabis farm in a country mansion with no insulation??

Misinterpreted, and have included interest in addition to cashback;)

Consumerist

brewerdave wrote: »

Looking at the poll how the h**l do people get over £50 cashback per month ?? Cannabis farm in a country mansion with no insulation??

Thanks for making the point; it's something I was wondering about too.

Looking to mitigate the new fee from January, I noticed that Santander also promotes it's "Retail Offers" which it claims can get you "up to" 15% cash-back. Perhaps this is the source of some the incredibly high cash-back people have claimed.

bozo007

My cashback is peanuts mainly because my bills are pretty low - utilities (electricity, gas, water, phone, internet) is about 70, council tax is 60. However, I use the full 20k balance but the increased fee is going to eat further into the yield. A well diversified P2P portfolio may now be a better option.

brewerdave

brewerdave wrote: »

Looking at the poll how the h**l do people get over £50 cashback per month ?? Cannabis farm in a country mansion with no insulation??

It isn't possible -the max. that you can earn per annum according to Santander's own calculator is £530 -and you would have to be paying ridiculous amounts for water,council tax, TV etc :eek: eg £500 per month on water ???