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.
Tandem Cashback Credit Card review September 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: ★★★★★
Doing its job: 3.5/5
In a nutshell:
Foreign transaction charge
Up to 56 days
Interest-free each billing period
|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|
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.
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?
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.