Santander 123 credit card & Apple Pay

20aday

I posted about this previously in the Credit Card forum but earning 4% back on a spend that would usually attract 1% etc makes it worthwhile whilst the promotion is running.

I'm guessing at retailers who don't participate in the 123 scheme (for example Boots the Chemist) would attract 3% cash back?

Archi_Bald

That's how I understand it - but remember the max you can earn is £3 in any [statement] month.

Also, your charge for the card will be £3 from January onwards.

Ballard

20aday wrote: »

I posted about this previously in the Credit Card forum but earning 4% back on a spend that would usually attract 1% etc makes it worthwhile whilst the promotion is running.

I'm guessing at retailers who don't participate in the 123 scheme (for example Boots the Chemist) would attract 3% cash back?

My bad (as us youngsters say!). I was wondering why no one else had posted this.

20aday

Archi_Bald wrote: »

That's how I understand it - but remember the max you can earn is £3 in any [statement] month.

Also, your charge for the card will be £3 from January onwards.

My account anniversary is April so I'm not affected by the £3 monthly charge until then; as my card was taken out prior to September (16th?) I'm going to keep the card irrespective because my 1 and 2 % categories aren't capped at £3 per month.

Ballard wrote: »

My bad (as us youngsters say!). I was wondering why no one else had posted this.

In all fairness the amount of threads replied to and new ones created on a daily basis would mean mine disappeared within days from the first page.

Anyway you've done people a favour at MSE because those who weren't aware of the scheme have had it brought to their attention now.

Ballard

Being as I've got a sizeable balance at 0% until December 2016 it still pays me to keep the card even if I don't use it to spend in the meantime. The increase in fees makes it less attractive but it's still worth my while keeping.

Candyapple

Thought this might be of use to others:
http://www.uswitch.com/mobiles/news/2015/11/apple_pay_mastercard_offers_free_oyster_travel_in_london/