santander edge creditcard

clairbear_3

Hi I have the santander edge creditcard that gave 2% cashback

now after a year its reduced to 1%

it says I earned £180 cashback

but how do I access/spend it or will it come off my bill?

i want to get rid of it now

crumpet_man

The cashback is credited each month, so you've already been paid it.

clairbear_3

so it comes off the creditcard bill every month?

is there a perfect day to close account

born_again

https://forums.moneysavingexpert.com/discussion/comment/81893003#Comment_81893003

Did you not notice the refund each month?

Due you pay off in full each month, or just pay min?

clairbear_3

I paid in full each month but never noticed anything coming off was thinking perhaps at end of 12 months so will see

crumpet_man

Check your statements or in the Santander app if you use it. It should be pretty obvious to see the cashback credited each month.

If you're not using the card anymore then cancel it as soon as you can.

I don't know what the T&C are for receiving pending cashback if you cancel.

molerat

Because we pay cashback on each statement date, if your account is closed, or has been suspended, before a statement
date, you’ll lose any cashback you’ve earned that hasn’t been added to your account.

I suspect the £3 fee is also charged at statement date so you would need to balance the amount of cashback you will earn lose against the fee

safe_hands2

The cashback is paid on the statement date so it reduces the amount due. My monthly charge is a different time, so worth checking your statement to see when that is.

I've kept mine open with the reduced 1% cashback as it still works out as a good amount - more than the 0.5% I could get on my next best paying card.

Scrounger

https://forums.moneysavingexpert.com/discussion/comment/81893349#Comment_81893349

I jumped ship to a Lloyds Ultra (1% cashback in the first year, no monthly fees) :

http://www.lloydsbank.com/credit-cards/ultra.html

After the first year I'll revert to my existing Aqua Reward (0.5%, no monthly fees), sadly NLA, - unless something better comes along.

Scrounger