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 Zero Credit Card review August 2019
A great travel companion with big savings on fees.
Travelling abroad is easier with the Santander Zero Credit Card. Take advantage of fee-free currency conversion and cash withdrawals wherever you are in the world.
Finder rating: ★★★★★
Doing its job: 4.5/5
In a nutshell:
0% interest on balance transfers
0% interest on purchases
Foreign transaction charge
|Balance transfers||0% for 1 months reverting to 18.9%|
|Balance transfer fee||3% (min. £5)|
|Purchases||0% for 12 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).|
|Availability||Available to new customers|
|Balance transfer fee||3% (min. £5)|
|Foreign usage charge (EU)||0%|
|Foreign usage charge (rest of world)||0%|
|Cash advance fee||0%|
|Late payment fee||£12|
|Duplicate statement fee||£0|
|Exceeding limit fee||£12|
|Additional card fee||£0|
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.
The “Zero” in this card’s name refers to both the fees on non-sterling transactions and the rate of interest on purchases at home and abroad (plenty of 0% purchase cards will still charge you interest on non-sterling transactions). If you’re about to head overseas and have a hunch you might come back with a bit of card debt, this card’s got you covered. Impressively, it also boasts the significant benefit of charging no cash withdrawal fee wherever in the world it’s used (just watch out for any fees that the ATM provider might charge).
Put all this together with the fact that there’s no account fee to worry about, and you’ve got a very respectable card both to spread the cost of your holiday and to take with you on said holiday.
The downsides? If you do withdraw cash on the card, then that part of your balance will be charged interest from the date the funds leave your account, at the card’s standard purchases rate of 18.9%. That makes the whole no-ATM-fees-anywhere-in-the-world perk a lot less, well, perky.
Additionally, if you’re simply looking to spread the cost of a large expenditure, then there are numerous longer 0% deals on the market.
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.
How does this card compare with other cards offering fee-free spending overseas?
When it comes to repayments, you can make manual repayments online or over the phone (0800 389 9905), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. 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 for the Santander Zero Credit Card
If you’ve compared cards and want to apply, completing 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.