Santander 123 account fee increasing to £5 from January

2456722

Replies

  • BallardBallard Forumite
    2.7K Posts
    Seventh Anniversary 1,000 Posts Name Dropper Combo Breaker
    ✭✭✭✭
    Have Santander Retailer Offers finished ? When I log on I no longer see a link to shops and restaurants that offer cashback.

    Even if there weren't any current offers I thought I could view my previous offers.
    They're still around on mine but they come and go randomly which I've put down to a bug. If you have the app they're generally shown there all of the time (or at least, whenever I look).
    I hate verisimilitude.
  • SnowTigerSnowTiger Forumite
    4.5K Posts
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    ✭✭✭✭
    Have Santander Retailer Offers finished ? When I log on I no longer see a link to shops and restaurants that offer cashback.

    No, still there (for me). Similar to the ones offered by Halifax. Today I have:

    Waitrose
    Ernest Jones
    H Samuel
    Robert Dyas
    Hilton
    Photobox
  • Santander is upping the monthly fee on its 123 current account and credit card - MoneySavingExpert analyses the changes...
    Read the full story:

    Santander to shake-up 123 current account and credit card fees

    OfficialStamp.gif


    Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
  • moleratmolerat Forumite
    26.6K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    Santander's 123 customers will still get the following as long as each month they pay in £500+, have two direct debits paid out from the account, and pay the monthly fee:
    Are they changing the rules as well or is it poor journalism ? ;)
  • minislimminislim Forumite
    355 Posts
    Part of the Furniture 100 Posts Combo Breaker
    ✭✭
    shame. i liked the 123 account. it worked out better than savings accounts even with the £2 fee.
    introduce an extra £36 on top per year?
    its not looking as good anymore. might have to move.
  • Cactus_JackCactus_Jack Forumite
    589 Posts
    Part of the Furniture 500 Posts Combo Breaker
    ✭✭
    Very disappointing, I wonder if consumer pressure could make them change their mind..
  • tizerbelletizerbelle Forumite
    1.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    ✭✭✭
    I've always wondered how MSE worked out the "LOW" figures for the annual cashback over the years. Whenever I have checked the figures with my DDs I have never been able to get above about £50 cashback a year - meaning £26 after the annual fee of £24. Currently the most cashback I would get is £45 before the annual fee is applied not after as their table predicts.
  • YorkshireBoyYorkshireBoy Forumite
    31.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    ✭✭✭✭✭
    I wonder if consumer pressure could make them change their mind..
    Are you serious? This is/was/has always been a loss leader for them, and must have cost them a small fortune over the last 3 or so years. I think they've been wanting to cut these losses for some time, and recent external influences have given them the opportunity to do so without losing face.
  • HerbalusHerbalus Forumite
    2.6K Posts
    Ninth Anniversary 1,000 Posts Name Dropper
    ✭✭✭✭
    Not sure what they're doing with the CC - £3 fee per month with max cashback of £3 for new customers?! So basically a cashback card where you cannot make a net gain. Do they think we're stupid or have I misunderstood something?
  • YorkshireBoyYorkshireBoy Forumite
    31.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    ✭✭✭✭✭
    Herbalus wrote: »
    Not sure what they're doing with the CC - £3 fee per month with max cashback of £3 for new customers?! So basically a cashback card where you cannot make a net gain. Do they think we're stupid or have I misunderstood something?
    Isn't it £3 per category? I could just about manage it on fuel, and the supermarket spend would be my "gain". But I've only made one department store purchase in the 12 months I've had the card!...so that category's out for me.

    I suppose the other benefit is 0% on purchases during the intro period...providing you get a decent enough limit of course.
This discussion has been closed.
Latest MSE News and Guides