The Santander Everyday Credit Card offers balance transfer capability and a 0% purchases period, and rewards in the form of Retailer Offers. 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 longer potential 0% promotional periods—one feature we like about the Santander card is that successful applicants will receive the full 21 months of waived interest. This applies to both purchases and balance transfers.
The Everyday card provides a cashback program to users who are signed up for Online or Mobile Banking. Consumers can earn bonuses of up to 15% off select retailers, including various supermarkets, food, and entertainment. These Retailer Offers are usually short-lived and may therefore be difficult to use to their full advantage.
Bottom Line: The Santander Everyday Credit Card can be good for those who are opportunistic and will enjoy making the best out of the Retailer Offers, while being a decent card to consider for balance transfers and a reasonable interest rate.
Santander Everyday Credit Card Features
|Santander Everyday Credit Card Features|
|Retailer Offers for Online and Mobile Banking customers||Ongoing access to Retailer Offers up to 15% off|
|0% on Balance Transfers|
|0% on Purchases||For 3 months|
|APR (variable)||20.9% variable APR on purchases|
How do Retailer Offers Work?
Santander’s Everyday Credit Card rewards users with access to Retailer Offers, which provide up to 15% off at various and changing retail partners. These offers are usually short lived, expiring within fourteen days. In order to receive any Retailer Offers you must be registered for Online or Mobile Banking. To receive Retailer Offers, you must switch on Online or Mobile Banking.
The Retailer Offers provide discounts to a range of retailers, such as supermarkets, entertainment, food, services, and more. The retailers will change from time to time, but as of the latest review update the following retailers were a part of Santander's Retailers Offer programme: JustEat, Coop, Morrisons, Sky and Costa.
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 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 20.9% will save almost £600 in interest payments by switching to an appropriate-length balance transfer card. Not only that, but they will be debt free 1.5 years sooner by using the 0% interest balance transfer card.
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.