Santander Credit Card

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Santander Credit Card Review, Exchange Rates, Fees Calculator & User Score

  • Fees and costs: Good
  • Safety and reliability: Very Good
  • Customer satisfaction: Good

Advantages

  • Versatile offer
  • Zero fees cards

Disadvantages

  • No travel or multi-currency card
  • Low credit limits

1 users would recommend it

5 users wouldn’t recommend it

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What is the Santander Credit Card?

Santander bank is a multinational bank based in Spain, which provides various financial services such as current accounts, loans, mortgages, insurances, and credit cards. There are four main card types in their product offer. You can also make overseas payments with them, and some cards allow you to make abroad purchases without additional fees.

How Does Santander Credit Card Work?

There are four main card offers from Santander: “All in One Credit Card,” “Everyday Credit Card,” “Zero Credit Card,” “Santander World Elite Mastercard.” They have different features from basic cashback and rewards to lower APR and no additional fees for foreign transactions. Some of the cards have monthly fees, while you can easily set up the basic card without any additional costs.

Santander Credit Card Fees and Costs

“All in One Credit Card” has a monthly fee of 3GBP and grants you 0.5% cashback on all purchases. There are no additional foreign transaction fees on purchases made abroad in the local currency. APR is variable and at around 21.7%.

“Everyday Credit Card” is free of charge and has an APR of 18.9%.

“Zero Credit Card” has no monthly fees, and you can withdraw money from ATMs all over the world for free. Moreover, there is no additional fee for overseas payments.

The bank also has a special offer for new customers, where, for the first months, you can get 0% interest on any purchases made.

Santander Card Abroad Charges

For non-sterling transactions, there is a 2.95% fee with a standard credit card. However, there are also offers and cards such as “All in One Card” or “Zero Fee” card, which has foreign transactions for free. In all cases, cash withdrawal from foreign ATM costs 3% of the total amount.

The bank also warns their users to be careful with overseas transaction charges and exchange rates: “When you use your card abroad, retailers will often give you the choice of paying in either the local currency or pounds. Always choose to pay using the local currency unless you're sure the exchange rate is more favorable. If you choose pounds, the retailer will handle the conversion and may charge you a fee.”

Santander Credit Card Limits

The basic credit limit for most of the products is set at 1200GBP. If you pay off your card regularly, you may be able to negotiate higher limits.

Santander Credit Card compared to other credit and debit cards

For someone looking solely for a card suitable for overseas payments, Santander doesn’t have a proper foreign currency card for people who travel frequently. Other banks offer various prepaid cards, which can hold multiple different currencies to avoid conversion fees. In this case, you can get a regular credit card and pay no fees for abroad payments. However, you may need to exchange the money, which generates additional costs. It is easy to research Santander offer, and the APRs are quite average and similar to the offer from other banks. The credit limits may be quite low compared to other banks and card providers.

How to use Santander Credit Card?

All you have to do is apply for the card, and depending on which offer you’ve chosen, you can start spending your money within the set limits.

How to use Santander Card Abroad?

The bank notices that it’s best to notify them before your travel that you are going to make some overseas transactions and payments in other countries so that the bank won’t flag your payments as “suspicious” or think that someone has stolen your card and went to another country.

They say: “We will continue to monitor your account for fraud and unusual transactions while you’re abroad, and we’ll contact you if we detect unusual activity. If you keep your mobile phone with you, you’ll be able to confirm genuine transactions as soon as we contact you.”

If the bank starts to limit your foreign transactions and you didn’t notify them before your travel, you can always call their emergency customer support, which is available 24/7 or visit nearest Santander branch to solve the issues.

How to sign up for the card?

You can easily apply for the card via an online form on the Santander website in the “credit cards” section. Apart from basic requirements such as being a resident of UK and being over 18 years old, the bank may also require you to provide information about your annual income. You may need to earn more than 7,500GBP per year to be eligible for some of the credit cards at this bank.

Is Santander Credit Card safe and reliable?

The cards are issued either with Mastercard of Visa standards. Therefore, you may expect safe and reliable payments all over the world, as these two providers are the leading ones on the market. The card is protected via a PIN. The Santander bank is well-established and reputable and needs to comply with all of the financial regulations. There are more than 12,000 branches in 12 countries, so you can easily find local support even if you travel abroad.

Final Thoughts

Santander Credit Card Review

The card offer is well-balanced, and each customer can find a credit card that suits his needs. There are cashback cards, for saving money while making purchases. You can also find "zero fees" cards to avoid extra charges when making foreign payments or withdrawing the money from ATMs. The information is transparently provided, and it’s easy to research all of the costs and details of the cards. The website is also designed quite well, so it’s easy to apply for the cards and order them online without even visiting the bank’s branch.

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