Tandem Cashback Credit Card review November 2019

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.

Finder rating: ★★★★★

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).

18.9%

Representative APR

0%

Foreign transaction charge

£0

Account fee

Earn 1p

per £2 spent

Details

IssuerTandem Bank
NetworkMastercard
Rep. APR18.9% p.a. (variable)
Annual/monthly fees£0
Loyalty schemeCashback
Cashback details0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account.
IncentiveEarn cash back on all purchases over £1 worldwide.
Purchases18.9%
Purchases interest-free period (days)56

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

Aimed at millennials who like to travel, Tandem’s Cashback Credit Card doesn’t charge any extra fees on purchases you make abroad. Plus, unlike some cards touting no fees overseas, interest is charged on these transactions as normal – so if you clear your balance in full each month, transactions at home and overseas will benefit from the card’s grace period of up to 56 days of 0% interest on purchases.

Tandem even pays out cashback on non-sterling transactions. There are a couple of notable exemptions to the cashback, however, 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. No matter where you withdraw cash using this card, you’ll be charged interest on these funds from the day they leave your account, as such it’s still better to avoid using the card in this way if possible.

How does this card compare with other cashback cards?

Table: sorted by representative APR, promoted deals first
Updated November 15th, 2019
Name Product Max. intro bonus Default earn-rate Annual/monthly fees Rep. APR Incentive Representative example
£100
1% cashback
£0
22.9% p.a. (variable)
5% after £1 of yearly spend for introductory period of 3 months. 0.5% on £1 to £5000 of yearly spend. 1% after £5001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback in the first 3 months (max £100). Must spend £3K annually to earn cashback.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
£125
1.25% cashback
£25 per annum
28.2% p.a. (variable)
5% on £1 to £2500 of yearly spend for introductory period of 3 months. 1% on £1 to £10000 of yearly spend. 1.25% after £10001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback (max £125).
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £25 per annum, your representative rate is 28.2% APR (variable).
£25
0.5% cashback
£0
18.9% p.a. (variable)
0.5% after £5000 of yearly spend. Minimum of 12 transactions per year required. Maximum of £250 cashback paid per year. Cashback paid Anniversary into Card Account. For initial £5K a £25 cashback is paid, plus an additional £1 for every further £200 spent.
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).
N/A
0.5% cashback
£0
18.9% p.a. (variable)
0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account.
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).
£100
0.25% cashback
£0
19.9% p.a. (variable)
0.25% after £1 of monthly spend. Cashback paid Monthly into Card Account.
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).
N/A
0.5% cashback
£3 per month
21.7% p.a. (variable)
0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of £3 per month, your representative rate is 21.7% APR (variable).
0.5% of all spend in first 3 months
0.25% cashback
£0
22.9% p.a. (variable)
0.25% after £1 of yearly spend. Cashback paid Monthly into Card Account. Cashback on purchases until 31.8.23. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
N/A
0.5% cashback
£0
34.9% p.a. (variable)
0.5% on £1 to £20000 of yearly spend. Maximum of £100 cashback paid per year. Cashback paid Anniversary into Card Account. Maximum spend for cashback purposes is £20000
Representative example: When you spend £1,200 at a purchase rate of 34.95% (variable) p.a., your representative rate is 34.9% APR (variable).

Compare up to 4 providers

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.

Repayment options

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 Cashback 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.

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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2 Comments

  1. Default Gravatar
    kenadell
    September 28, 2019

    Can you have a secondary card for your partner and will it earn cash back?

    • AvatarStaff
      Tom
      October 2, 2019

      Hi Ken,

      Thanks for your question. Unfortunately Tandem does not currently offer the option of additional cardholders on its credit accounts. According to Tandem, this service may be offered in future, so it’s worth getting in touch with Tandem so that you can be notified when you’re able to get an additional card.

      Regards,

      Tom

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