Santander is today launching a new range of credit cards designed to offer something for all customers. The new range includes two new cards and the Santander Credit Card, which has been renamed the Everyday Credit Card.
All in One Credit Card
This credit card offers a very competitive 0% balance transfer period of 40 months, 0.5% cashback on all spending with no maximum cap and no foreign transaction fees. Available as a contactless card, it comes with a £3 monthly fee.
Zero Credit Card
The Zero Credit Card will be re-launched offering no foreign transaction or cash withdrawal fees anywhere in the world. This card is perfect for holidays or regular travellers.
Everyday Credit Card
The existing Santander Credit Card will remain the same but will be renamed the Everyday Credit Card. Customers benefit from 15 months 0% introductory balance transfer and purchases, as well as a 0% balance transfer fee and an 18.9% APR.
Matt Hall, Director of Credit Cards at Santander, commented: “We are refreshing our credit card range to make it more attractive and meet a wider range of customers’ needs. Customers can now benefit from unlimited cashback, longer introductory 0% balance transfer periods and fee free foreign transactions depending on which credit card they choose. There’s something for everyone, depending on what type of spender they are.”
Retailer Offers: New Welcome Offers
As well as launching new cards, Santander is also enhancing the Retailer Offers programme. From 4 October 2016, all new customers will be eligible for five welcome offers ranging from 5% up to 25% cashback. The offers, which may change over time, will initially be from the following retailers: Argos, Morrisons, Superdrug, Pizza Hut and Costa.
Retailer Offers are easy to use; customers need to register within 30 days of activating their new credit card through Online or Mobile Banking and will receive the welcome offers within 14 days.
1I2I3 Credit Card
From today, the 1I2I3 Credit Card will be removed from sale for new customers. Existing 1I2I3 Credit Card holders are not affected by this change and will continue to be able to use their credit card and its benefits will be unchanged.
Matt Hall added: “As a bank that wants to help people and businesses prosper, we are constantly evolving our products to ensure they remain compelling and offer our customers a good deal. Our new range of credit cards does just that.”
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Notes to Editors:
New credit card range effective 04.10.16
|Features and benefits||All in One Credit Card||Everyday Credit Card||Zero Credit Card|
|Account Fee||£3 per month||£0||£0|
|Introductory 0% balance transfer period||40 months||15 months||None
|Introductory balance transfer fee||1% (min £5)||0%||3% (min £5)|
|Non introductory balance transfer fee||3% (min £5)||3% (min £5)||3% (min £5)|
|0% purchase promotional period||6 months||15 months||None|
|Cashback||0.5% on purchases (no caps)||None||None|
|Foreign Transaction Fee (when the local currency is chosen)||0%||2.95%|| 0%
|Standard Purchase Rate||15.9%||18.9%|| 18.9%
|Cash Withdrawal Interest Rate||29.9%||29.9%||29.9%|
|Cash Transaction Fee||3% (min £3)||3% (min £3)||0%|
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. As at 30 June 2016, the bank serves around 14 million active customers with c. 20,000 employees and operates through 847 branches (which includes 58 university branches) and 69 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, based in Spain, with a meaningful market share in 10 core countries in Europe and the Americas. Santander is the largest bank in the euro zone by market capitalization and among the top banks on a global basis. Founded in 1857, Santander had EUR 1.52 trillion in managed funds, 12,500 branches and 190,000 employees at the close of June 2016. In the first half of 2016, Santander made underlying profit of EUR 3,280 million.
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