Tandem Cashback ending 9th March

chistery

My CreditKarma report showed last week that the account has been marked as settled.

ABARKIE

Had a message today asking me how I found the new app, even though account is in credit and no transactions since March

gt94sss2

Tandem are withdrawing their credit cards - both the free Journey one and the cashback one (which became part of their £5.99 membership plan) in November. 
They are also scrapping their Membership scheme

gwapenut

  
Glad I didn't spend any time trying to make it work! I didn't trust them to keep it worth my while.

Wings_of_Ambition

I have to say I've been quite happy with Tandem.  Had £85k in their associated 'Tandem Account' paying 1.25%, beating NS&I's top-paying Income Bonds at 1.16%, so even after the £5.99 fee, I was a few quid better off each month.

I guess the numbers just weren't working out for Tandem, so it's sad to see them pull their deals (the Tandem Account is dropping to 0.5%), but I think it is now time to move on.

Where have people been turning to for load-free foreign currency transactions?

jbrassy

Where have people been turning to for load-free foreign currency transactions?

The Barclaycard Rewards credit card is your best bet. There are no fees for using it abroad and it pays 0.25% cashback on all transactions. 

superM

So what are there plans for the credit card.  Is it completely close down. 
 

Lumiona

It looks like they are closing down the credit cards, focusing on savings until they have enough deposits to start lending mortgages. They merged with lender Allium recently.
https://sifted.eu/articles/tandem-slowdown-credit-card/

gt94sss2

superM said:

So what are there plans for the credit card.  Is it completely close down. 
 

Yes, Tandem are withdrawing from the UK Credit Card market