New Santander credit card

safe_hands2

This looks like an interesting card: https://becleverwithyourcash.com/santander-edge-cashback-credit-card-review/

Any experiences of Santander and their app?

Slinky

I've got Santander account and Edge accounts, but not the credit card. I use their Edge Saver account to get 7% interest on up to £4K per account. Somebody on MSE pointed out that if you don't set up the 2 direct debits they require as a condition of the account, you don't get charged the £3 a month fee........ it works.  Read the terms and conditions carefully to see whether the £3 fee is referring to the credit card or the Edge account.

The app is fine, in answer to your question.

OsvaldL

Very interesting, I want to try it too. 

molerat

Read the terms and conditions carefully to see whether the £3 fee is referring to the credit card or the Edge account.

It is £3 pm for the credit card, having an Edge account is not a requirement, only a Santander current account is required.

The linked article is pretty good in breaking it down.  Max effective cashback in year 1 is 1.6% at the sweet spot of £750 per month spend, any more or less the effective rate decreases.  In year 2 it is a max of 0.8% at a spend of £1500 pm, again reducing if more or less spent, that previous £750 sweet spot will only get you 0.6%.

Could be good if you can play the game but looks like a hassle against a straightforward cashback card.

MikeJXE

I have been with Santander for 10 years and not had a  problem

I also have the credit card 4 years ago but did not activate it, the £3 fee made it I'm possible for me to break even. 

safe_hands2

It definitely looks attractive. I've ditched using my AMEX this year as I'm struggling to make the £3000 spend as about half of my spending is in places that don't accept it. The Halifax cashback card gives 0.5% on over £4000 spend, but they've stopped this for new customers so I'm wondering if they'll do the same for existing. I don't want a Chase account. So this is looking like an attractive option, plus no overseas spending charges.

Superhoopza

I just tried an eligibility checker and was told I was "less than likely". Higher than I thought. It would be nice to know what that was as a percentage.

WillPS

Great deal I think. Santander's credit cards are normally listed on TopCashback/Quidco, so I'll wait for it to pop up on one of those then apply.

My strategy will be first £750 of spend on this each month (in year one), then swap to Barclaycard Avios. Not sure if I'll keep in Y2.