Tandem Cashback ending 9th March

themorganator4

Without wanting to create a new thread, will the termination of the credit agreement affect my credit rating? I will not be taking them up on this "offer" and so my contract will end, I owe nothing to them anyway.

Ghostcrawler

I also received the email just now, £5.99 fee per month is a ridiculous decision by Tandem. I will be looking somewhere else to get the cashback.

Pizza_Man

rob_cb wrote: »

I've asked Tandem support if my card can be converted to the "Journey credit card" as would still be useful for fee-free overseas spending, or at least as a backup card.

But for sure, won't be paying £72/year just for 0.5% cashback. The 0% spending and ATM withdrawals would only be useful if they gave me a higher credit limit. While I have five figure limits on other cards, they only gave me about £4k when I first signed up. I spend about 25-50% of my limit each month (sometimes overpaying to spend more) and always pay off in full, so the 0% offer wouldn't help me as a daily use card

I wonder why Tandem Journey is not as highly recognised in the MSE overseas cards as for example Halifax Clarity or Santander Zero.

themorganator4

The 0% on cash withdrawals aboard is pretty good if you travel abroad a lot.

rawhammered

what's the best next (non Amex) option now? Aqua?

chamelion

ec9wrr wrote: »

Marcus pays 1.35% so I can't see that it would be worth getting the savings account for the fee.

assuming 85k cap if you're playing safe:

Marcus 85k earns 1,154.63 interest
Tandem 85k earns 1,283.80 interest, - 71.88 fees = 1211.92.

So over the year you're up by 57.29 on Tandem, even after fees.

When looking at it like that, COULD just be worth it.

I still can't seem to find anything on tandem - the 0% ever seems too generous, and there must be a cap to the savings amount??

chamelion

rawhammered wrote: »

what's the best next (non Amex) option now? Aqua?

crap credit limit...

Zanderman

Agree this is a really bad move for most of us - it's of no value to me at all. Have written to tell them this - they have the cheek, in their email, to say some changes are because they 'listened to us'. But i doubt anyone asked for a £5.99 fee!

seradane

I'm also keen to know who to swap to now Tandem's changed!

Aqua seems to be the only other fee-free card I can see that offers both cashback and no international fees, but has quite a low credit limit (one source said 1.2k max?)

I originally got Tandem for the no international transactions but the cashback was nice too...

rawhammered

chamelion wrote: »

crap credit limit...

true, but I use my amex for most purchases, just need a small limit non-amex for where it's not taken, so even £500 limit would do me.