Looking for a cashback credit card you can take on your your travels, while tracking spending in an app? Tandem believes it has the answer.
Digital challenger bank Tandem’s casback card earns you cash (or at least credit on your account, applied monthly) for every pound you spend using the card.
Aimed at millennials who like to travel, it doesn’t charge any extra fees on purchases you make abroad and it even pays cashback on these transactions. There are a couple of notable exemptions to the cashback, which are noted in the card’s terms and conditions. These include purchasing currency, gambling transactions and cash advances.
There’s no monthly or annual fee to worry about. However, for those who take cash out regularly, don’t forget that while cash withdrawals abroad don’t incur a fee, you will be charged a percentage-based fee for taking cash out in the UK.
|Rep. APR||18.9% p.a. (variable)|
|Cashback details||0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account.|
|Incentive||Earn cash back on all purchases over £1 worldwide.|
|Purchases interest-free period (days)||56|
|Foreign usage charge (EU)||0%|
|Foreign usage charge (rest of world)||0%|
|Cash advance fee||2.5% (min. £2.5)|
|Late payment fee||£12|
|Duplicate statement fee||£0|
|Exceeding limit fee||£0|
|Additional card fee||£0|
|Availability||Available to new customers|
How does this card compare with other cashback cards?
When it comes to repayments, you can make manual repayments online or over the phone (0203 370 0970), 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 Tandem Bank Cashback Credit Card Mastercard
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.