Santander Everyday No Balance Transfer Fee Credit Card
The Santander Everyday No Balance Transfer Fee Credit Card is designed for those looking to ease the burden of existing credit card debt. It allows you to transfer balances from other cards without incurring a fee for the first 12 months, offering a period of financial breathing space.
From the moment your account is opened, you benefit from 0% interest on balance transfers for 12 months and 0% interest on purchases for the initial 3 months.
This card is aimed at individuals who want to manage their finances more effectively by reducing interest costs during the introductory period. With a representative purchase rate of 24.9% p.a. (variable) after the introductory periods, it is essential to use the benefits within the given time frame.
Additionally, the card comes with an assumed credit limit of £1,200, although the actual limit is determined by Santander based on your financial profile. Santander also provides a range of digital banking services and support tools to help you manage your credit effectively.
Benefits
- 0% interest on balance transfers for 12 months with no transfer fee during the initial period
- 0% interest on purchases for 3 months from account opening
- No monthly account fee, helping to keep overall costs down
- Opportunity to earn rewards through the Santander Boosts programme
- Option to add up to 3 additional cardholders, giving family members access under one account
- Competitive balance transfer terms that enable you to transfer balances from £100 up to 95% of your credit limit
Prerequisites
To apply for this card, you must meet several requirements:
- You must be aged 18 or over and a resident of the United Kingdom
- Your annual income should be at least £10,500
- You must not have been declared bankrupt or experienced a County Court Judgment (CCJ) or Individual Voluntary Arrangement (IVA) within the past six years
- Applicants should not already hold another Santander Everyday credit card
- A full credit check is carried out on application, which will determine your credit limit
About Santander
Santander is one of the leading financial institutions in the United Kingdom, with a rich heritage that spans several decades. The bank is part of a global organisation known for its strong customer focus and innovative digital banking solutions.
Over the years, Santander has built a reputation for offering a diverse range of financial products, including current accounts, credit cards, loans, and mortgages. Its commitment to providing 24/7 banking services through both online and mobile platforms has positioned it as a pioneer in digital banking.
With a comprehensive network of branches and a robust online presence, Santander has adapted to the evolving financial landscape while maintaining the security and reliability that customers expect.
Its regulatory authorisation by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) further cements its position as a trusted institution. Santander continues to expand its range of services, ensuring that both existing and new customers benefit from innovative products tailored to modern financial needs.
Who is this card for?
This card is ideally suited for individuals who are looking to manage and consolidate their existing credit card debt. It is particularly beneficial for those who have balances on other credit cards and wish to avoid extra fees during the balance transfer process.
If you are financially disciplined and can commit to repaying your transferred balance within the introductory period, this product may provide a cost-effective solution. The card is also suitable for people who value the flexibility of adding additional cardholders and utilising digital banking tools to monitor their spending and manage payments.
What rewards and programs does the card offer?
The Santander Everyday No Balance Transfer Fee Credit Card is integrated with the Santander Boosts rewards programme. Once registered through the mobile or online banking platforms, you can access a range of personalised offers and rewards.
These may include cashback incentives, vouchers, discounts on everyday purchases, and entry into exclusive prize draws. The programme is designed to provide small boosts to your finances, ensuring that every transaction could potentially earn you a reward.
The rewards are not only limited to cashback; you may also benefit from exclusive offers when shopping with selected retailers.
Initial credit limit
When applying for the Santander Everyday No Balance Transfer Fee Credit Card, your credit limit is determined by Santander after a thorough credit check.
A representative example offers an assumed credit limit of £1,200; however, this figure may vary according to individual financial circumstances. Key aspects of the initial credit limit include:
- Minimum credit limit: While the representative example is around £1,200, Santander determines the minimum credit limit based on your income and credit history.
- Maximum credit limit: The maximum limit is also tailored to your financial profile, with eligible applicants potentially receiving a higher limit than the assumed example.
Step by step to apply for the card
- Visit the official Santander Everyday No Balance Transfer Fee Credit Card page.
- Use the eligibility checker to obtain an indication of your potential credit limit and assess your likelihood of approval.
- Complete the online application form with your personal and financial details, ensuring you meet the prerequisites.
- If you wish to transfer a balance, include the necessary details of your existing credit card account.
- Once you have submitted your application, Santander will perform a full credit check to finalise your credit limit.
- After approval, ensure you activate your card within 45 days of receiving it to enable any pending balance transfer requests.
Card’s pros’ and cons’
The Santander Everyday No Balance Transfer Fee Credit Card offers several appealing benefits. The introductory periods with 0% interest on balance transfers and purchases can provide significant savings for those looking to reduce interest payments during the repayment phase.
Additionally, the absence of a monthly account fee and the option to add additional cardholders make it a flexible choice for many users. The integration with the Santander Boosts rewards programme also adds extra value by offering personalised incentives.
On the other hand, the card comes with certain drawbacks that potential applicants should consider. After the introductory period, any outstanding balances will attract interest at the standard purchase rate of 24.9% p.a. (variable), which can be high if balances are not repaid promptly.
There are also specific fees associated with cash withdrawals and foreign transactions, which can add to the cost of using the card abroad. Moreover, the eligibility criteria may be strict, meaning that applicants with less favourable credit histories might not qualify.
How to unlock the card?
Once you have received your Santander Everyday No Balance Transfer Fee Credit Card, it is essential to activate it promptly.
Activation is conveniently managed through Santander’s Mobile or Online Banking platforms, where you can also access a digital assistant for step-by-step guidance. When activating your card, you should follow the on-screen instructions carefully to ensure that the process is completed within the specified 45-day window.
For additional cardholders, activation must be carried out over the phone by following the instructions provided in the accompanying documentation. This process helps to ensure the security of your account and enables the card’s benefits, such as the balance transfer feature, to become fully active.
Fees and tariffs
Santander maintains transparency regarding the costs associated with this credit card. The main fees and tariffs are as follows:
Main fees and tariffs | ||
Fee Type | Amount/Condition | Where It Applies |
Account Fee | No monthly account fee | No charge for having or using the card monthly |
Balance Transfer Fee | 0% fee for the first 12 months; 3% fee (min. £5) applies after the introductory period | Applies to balance transfers |
Purchase Interest | 24.9% p.a. (variable) after the 0% introductory purchase period | Applies to purchases made after the promotional period ends |
Foreign Transaction Fee | 2.95% | Applies to purchases and cash withdrawals made abroad |
Cash Transaction Fee | 3% fee (minimum £3); interest of 29.9% p.a. applies from the day of withdrawal | Applies to all cash withdrawals, whether made in the UK or overseas |
Customer service
Santander provides a range of customer service channels to ensure that you receive timely assistance and support. These include:
- Phone number: Contact Santander via their dedicated customer support line – for example, you can call 0345 600 0077 for enquiries.
- Website: Visit Santander’s official website for comprehensive information and support options.
- Email: You can reach out via email through the contact forms available on the website.
- Online chat: The Santander website and mobile banking app offer an online chat facility, allowing you to speak directly with a digital assistant for prompt support.
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