Santander Everyday Credit Card review 2020

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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: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).

18 months

0% interest on balance transfers

0%

Balance transfer fee

18.9%

Representative APR

£0

Account fee

Details

IssuerSantander
NetworkMastercard
Annual/monthly fees£0
Balance transfers0% for 18 months reverting to 18.9%
Balance transfer fee0% for 18 months reverting to 3% (min. £5)
Purchases0% for 3 months reverting to 18.9%
Purchases interest-free periodUp to 56 days
Cash advances29.9%
Min credit limit£500
Max credit limitNot specified
Additional cards available3
IncentiveRetailer offers - 5 Welcome offers of up to 25% cashback at well-known retailers (must switch on Retailer Offers within 60 days of activating card).

Expert review

Chris Lilly

Review by


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.

Expert review

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

Pros

  • 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

Cons

  • Minimum annual income requirement of £7,500
  • Applicants with low credit scores are unlikely to be eligible

How does it compare?

Santander's card

Data indicated here is updated daily
Name Product Balance transfers Balance transfer fee Purchases Annual/monthly fees Rep. APR Incentive Link
Santander Everyday Credit Card
0% for 18 months reverting to 18.9%
0% for 18 months reverting to 3% (min. £5)
0% for 3 months reverting to 18.9%
£0
18.9% (variable)
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).
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
More Info
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Other popular balance transfer deals

Table: sorted by length of 0% balance transfer offer, promoted deals first
Data indicated here is updated daily
Name Product Balance transfers Balance transfer fee Purchases Annual/monthly fees Rep. APR Incentive Link
M&S Bank Transfer Plus Mastercard
0% for 28 months reverting to 19.9%
2.85% (min. £5)
0% for 6 months reverting to 19.9%
£0
19.9% (variable)
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
Check eligibility
More Info
HSBC Balance Transfer Credit Card
0% for 25 months reverting to 21.9%
1.5% (min. £5)
0% for 3 months reverting to 21.9%
£0
21.9% (variable)
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Check eligibility
More Info
M&S Bank Shopping Plus Mastercard
0% for 20 months reverting to 19.9%
2.9% (min. £5)
0% for 20 months reverting to 19.9%
£0
19.9% (variable)
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
Check eligibility
More Info
The Royal Bank Balance Transfer Credit Card (eligibility criteria apply)
0% for 18 months reverting to 19.9%
0.49%
Transfers must be made within 3 months of account opening
0% for 3 months reverting to 19.9% p.a. (variable)
£0
19.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable), your representative rate is 19.9% APR (variable).
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More Info
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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.

The verdict

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.

Repayment options

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?
The credit limit you receive is determined by the lender and based on factors such as your credit rating and financial situation. There is no specified upper credit limit on the Santander Everyday Credit Card, and the minimum limit is £500.
What fees will I pay?
There is no annual or monthly fee on the Santander Everyday credit card, but you may need to pay a fee if you make a late payment, exceed your credit limit or when using your card overseas or for cash advance. Find out how these fees work here.
How do I join Santander Retailer Offers?
You can switch on Retailer Offers using the Santander mobile banking app, or via your online banking account. You’ll need to join within 60 days of activating your card.
How does my interest-free period work?
For the first 3 months, you’ll pay no interest on purchases you make using your card. If you choose to transfer an existing card balance onto the Santander Everyday credit Card, you’ll also have 18 months to pay it off without being charged interest.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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6 Comments

  1. Default Gravatar
    Tracy
    November 22, 2019

    Can I transfer more than one balance?

    • Avatarfinder Customer Care
      Tom
      December 3, 2019

      Hi Tracy,

      Thanks for getting in touch. In answer to your question, yes, you can transfer more than one balance to the Santander Everyday credit card. However, you can only transfer balances of £100 or more, and can only transfer up to 95% of your credit limit. You also can’t transfer balances from other Santander or cahoot credit cards, or from any loan or current account.

      It’s also worth keeping in mind that at the end of your 0% interest period, a 3% balance transfer fee will apply on any new balance transfer. Interest will also be charged on your outstanding balances and additional balance transfers, at a standard rate of 18.9% p.a.

      I hope this helps, but please let me know if you have any other questions.

      Thanks,

      Tom

  2. Default Gravatar
    Tracey
    March 25, 2019

    Can I get a credit card

    • Avatarfinder Customer Care
      nikkiangco
      March 26, 2019

      Hi Tracey,

      Thanks for getting in touch! To know how to get a Santander credit card, the basic requirements lists:

      1. Minimum age of 18
      2. Minimum income £7,500
      3. UK Resident

      To apply, complete the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.

      Hope this helps!

      Best,
      Nikki

  3. Default Gravatar
    kenneth
    January 9, 2019

    I am a existing everyday credit card customer. Can I balance transfer to my card? What offers are there for existing customers or is the 27 month deal just for new customers? Thanks.

    • Avatarfinder Customer Care
      Charisse
      January 10, 2019

      Hi Kenneth,

      Thanks for reaching out to finder.

      The 0% balance transfer fee for 27 months and other features on the Santander Everyday credit card featured above, only applies to new applications made from 13 January 2018.

      You need to contact Santander Bank to inquire about any balance transfer offers they have available for existing Santander Everyday credit card holders like you.

      I hope this helps.

      Cheers,
      Charisse

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