Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.
Santander Everyday Credit Card review 2020
A competitive balance transfer deal with a few extras bolted on.
Enjoy a 18-month interest-free period on your existing credit card debt when you bring it across to Santander. Plus there’s no fee to transfer your balance.
You say: ★★★★★We say: ★★★★★
Doing its job: 4/5
In a nutshell:
0% interest on balance transfers
Balance transfer fee
|Balance transfers||0% for 18 months reverting to 18.9%|
|Balance transfer fee||0% for 18 months reverting to 3% (min. £5)|
|Purchases||0% for 3 months reverting to 18.9%|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£500|
|Max credit limit||Not specified|
|Additional cards available||3|
|Incentive||Retailer offers - 5 Welcome offers of up to 25% cashback at well-known retailers (must switch on Retailer Offers within 60 days of activating card).|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
Primarily a no-fee 0% balance transfer offer, Santander’s Everyday Card buys you a 18-month break from interest to focus on clearing your card debt.
If you anticipate adding to your card debt in the short-term, however, then you’ll also benefit from 3 months of 0% interest on purchases. After this point, anything you’ve paid for using the card will start to accrue interest at the card’s less-appealing standard rate of 18.9%. Card issuers are obliged to direct your monthly payments towards the most expensive parts of your balance first and foremost, so when that 3 months is up, your monthly repayments will go towards paying off any balance accrued since taking the card out.
If you opt for this card, be sure to opt in to the Retailer Offers scheme as soon as you can (you can do this in your online/mobile banking), to enjoy cashback from major retailers.
Pros and cons
- Customers report excellent customer service when dealing with Santander
- Over a year of 0% interest to focus on reducing existing card debt
- Three months to spread the cost of purchases
- No balance transfer fee
- No annual fee
- Minimum annual income requirement of £7,500
- Applicants with low credit scores are unlikely to be eligible
How does it compare?
Other popular balance transfer deals
As the name suggests, the Santander Everyday credit card is something of a jack of all trades, with an emphasis on an extended 0% balance transfer period. While there’s certainly longer 0% periods available, the 18 months offered by this card should be more than adequate for most situations, and you’ll also get a range of other perks from a 0% purchase period, low rate, and cashback offer.
And with no annual fee, you can keep your costs extremely low, provided you always pay off your balance in full each month.
You can make manual repayments through Santander's app, by logging in to your online banking or over the phone (0800 389 9905). Alternatively you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and losing your promotional interest rate as a result (as well as damaging your credit score and incurring the late payment fee of £12). You could use a fixed-amount direct debit to ensure you've cleared your debt before the 0% period expires – simply divide your outstanding balance by 18 to see what you'll need to pay each month (this assumes you don't use the card for additional spending).
You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.
Choose from the following direct debit options for your monthly repayments:
|Minimum amount||Fixed amount||Fixed percentage||Full amount|
How to apply
If you’d like to apply, first make sure you meet the Santander eligibility requirements and have the necessary personal and financial information you’ll need. You can start your application by visiting the Santander website and completing the online form, which should take 10-15 minutes.
Frequently asked questions
What is the maximum credit limit?
What fees will I pay?
How do I join Santander Retailer Offers?
How does my interest-free period work?