Santander Everyday Credit Card
Santander Everyday Credit Card
Good for
- Not paying an annual fee
- Earning rewards on some purchases
- Two 0% options for balance transfers
- Guaranteed 0% period if approved
Bad for
- Those wanting a very hands-off rewards system
The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement. Read our full disclosure here.
The Santander Everyday Credit Card offers balance transfer capability and a 0% purchases period, and rewards in the form of Santander Boosts. Is it a good card for you? Read our review to learn more.
Santander Everyday Credit Card Review
The Santander Everyday Credit Card is a combination of purchases card, balance transfer card and rewards card, and there are two options: a no fee balance transfer and a long term balance transfer. While you may be able to find other cards on the market with slightly longer potential 0% promotional periods—one feature we like about the Santander card is that successful applicants will receive the full advertised period of waived interest. This applies to both purchases and balance transfers.
(Top Tip: To find out if a card will give the full advertised period of 0% interest, or if you might get a shorter period once approved, see if they say "0% interest on balance transfers for X months" or "0% interest on balance transfers for up to X months". If they include "up to" then you might get a shorter 0% period.)
Santander Credit Card Offers
As of writing, the latest Santandard credit card offers for balance transfers are:
| Santander Credit Card Offers | 0% Balance Transfer Period | Balance Transfer Fee | 0% Purchases Period |
|---|---|---|---|
| Everyday No Balance Transfer Fee Credit Card | for 12 months | 0% transfer fee in first 60 days, then 3%, £5 minimum | 3 months |
| Everyday Long Term Balance Transfer Credit Card | for 26 months | 3% transfer fee in first 60 days, then 3%, £5 minimum | 3 months |
| All In One Credit Card | for 15 months | 0% transfer fee in first 60 days, then 3%, £5 minimum | 15 months |
If you're looking for a Santander free balance transfer credit card, consider the "Everyday No Balance Transfer Fee Credit Card" listed above, as there is no initial balance transfer fee and no monthly fee!
Santander Boosts
The Everyday card used to provide a cashback program to users who were signed up for Online or Mobile Banking. Consumers earned bonuses of up to 15% off select retailers, including various supermarkets, food, and entertainment. However, these Retailer Offers are not included with the cards anymore. Instead, cardholders now get access to Santander Boosts, with rewards including cashback, vouchers, prize draws and other offers personalised for you.
Sign up for Santander Boosts through the Mobile Banking app or in Online Banking, then you’ll be able to choose the offers you like and earn rewards with your favourite retailers:
- Earn cashback when you shop online at a wide range of retailers
- Receive vouchers and coupons for discounts on a variety of products and services
- Get offers personalised to your individual interests and hobbies
- Enjoy free gifts and enter prize draws
Santander Balance Transfer Credit Card
Is the Everyday card Santander's balance transfer credit card? The Everyday card is Santander's "free" (i.e. no monthly account fee) balance transfer card. It has two balance transfer options (shorter and longer 0% periods) and has no monthly account fee.
Santander does have another card that provides balance transfers, called the All In One card—this one provides 0% on balance transfers for 15 months with no balance transfer fee, but there is a £3/month account fee.
Bottom Line: The Santander Everyday Credit Card can be a decent card to consider for balance transfers and a reasonable interest rate, especially if you think the Santander Boosts would be fun and you don't want to pay a monthly account fee.
Santander Everyday Credit Card Features
| Santander Everyday Credit Card Features | |
|---|---|
| Transaction Fees |
|
| 0% on Balance Transfers |
|
| 0% on Purchases | For 3 months |
| Annual Fee | £0 |
| APR (variable) | 22.9% variable APR on purchases |
You can apply for the Everyday card if:
- you’re a permanent UK resident
- you're at least 18 years old
- you have a gross annual income of at least £7,500
- you have a good credit record and have declared bankruptcy or had a CCJ or an IVA within the last 6 years
Balance Transfers
Balance transfers can potentially save anyone with existing credit card debt a lot in interest charges. As long as you make your monthly payments on time and pay off the debt within your 0% APR intro period, you will pay no interest charges while you work to become debt free.
For example, a consumer making £35 monthly payments on a balance of £1,200 on a card that charges 22.9% will save around £750 in interest payments by switching to an appropriate-length 0% balance transfer card. Not only that, but they will be debt free nearly two years sooner by using the 0% interest balance transfer card.
You can read more about balance transfer cards here, including our new balance transfer calculator which tells you how many months of 0% interest you'd need to pay off your debt, depending on your starting credit card balance and the amount you can pay each month.
Santander Everyday Credit Card Minimum Payment
The minimum payment on the Santander Everyday Credit Card is calculated as follows:
"All default fees, monthly fee (if applicable), payment protection insurance premiums, and interest plus 1% of the remaining balance shown on your statement, plus any arrears payable (subject to a minimum of £5)."
Let's look at a simple example where there are no default fees, monthly fees, payment protection insurance premiums or arrears. In other words, the simple calculation of the minimum payment due on the balance if you've kept up to date with all your payments to date, have no default fees, etc.
A cardholder with a £1,000 balance would pay 1% of the remaining balance (or £10 because 1% of £1,000 = £10) plus any interest owed. If you're in the initial 0% period then this would be £0 so your monthly payment would be £10. If you're paying 22.9% APR then you'd owe around £19 in interest, so the minimum payment would be around £29 total (£10 to pay down balance + £19 interest).
| Santander Everyday Credit Card Minimum Payment Example (assuming £1,000 balance) | |
|---|---|
| During 0% period | |
| 1% of balance | £10 |
| Interest (at 0%) | £0 |
| Minimum monthly payment | £10 |
| Out of 0% period, assuming 22.9% interest rate | |
| 1% of balance | £10 |
| Interest (at 22.9%) | £19 |
| Minimum monthly payment | £29 |
Santander Everyday Compared to Other Credit Cards
To better understand the value of the Santander All In One Credit Card you need to see it relative to other available options. We’ve compared this card to other cash back and rewards cards so you can decide which will create more value for you.
Santander Everyday vs Virgin Longest Purchases Card
The Virgin Money 28-Month Purchase card is Virgin's longest no-interest purchases offer. Those needing a breather on both new spending and on existing debt can use this card for balance transfers, too. One feature we love about Virgin Money is their Card Checker tool, which is a quick way to see your odds of being accepted before you submit an application, in a way that won't harm your credit record. Successful applicants will receive the full 0% purchases period.
Quick Takeaway: The Virgin card specialises in 0% purchase periods, so if you need that it might be a more suitable card, but there are no rewards.
Santander Everyday vs Sainsbury's Nectar Credit Card
The Sainsbury's Nectar Card generally offers a very competitive 0% purchases period, although these always change from time to time. One perk of the Sainsbury's card is that you can earn Nectar points on your spending, even during this promotional period. While the 0.1% earnings rate on general purchases is pretty poor as far as rewards go, Sainsbury's shoppers can earn an additional 1.5% on Sainsbury's shopping, over and above normal Nectar loyalty points. Successful applicants will get the full promotional period.
Quick Takeaway: These cards are quite similar on a number of levels: no eligibility checker, successful applicants get the full promotional period, and some rewards. The Sainsbury's card might deliver a longer 0% purchases period, as the offers change from time to time, which you may find quite useful if you want to spread out the cost of your purchases as long as possible.