Santander UK seeks to inform customers that current and interested cardholders of the Santander Zero Credit Card can enjoy 0% interest on all purchases for 12 months and GBP 0 on fees. However, according to Santander’s website, the 0% interest rate is only available for the first 12 months upon the card’s issuance. After this period, a variable standard rate of 18.9% will apply to outstanding balances and new purchases.
Clients are also reminded that the GBP 0 fee applies to account fees, foreign transaction fees, and cash withdrawals. However, terms and conditions apply. For foreign transactions, there will be 0 charges when the transaction is made abroad using that country’s currency. Any sterling transactions may result in fees. Furthermore, cash withdrawals do not have any fees, but the bank reminds clients that interest will be deducted from the cash withdrawn.
Aside from these, the Santander Zero Credit Card also allows up to three supplemental cards. Primary holders will be responsible for the transactions made by supplementary holders.
Additionally, the bank has Retail Offers that allows clients to earn cashback up to 15% when they make transactions with partner merchants and retailers using a Santander credit card. This feature can be turned on using online and mobile banking. Cash backs of 25% are also available when the Retail Offers feature is switched on within 60 days of card issuance.
Other important features included in the Zero Credit Card include 24/7 banking, contactless transactions, and support via bank visit or telephone, as well as access to online and mobile banking.
For customers interested to avail this offer, Santander has eligibility criteria for applicants. Only those 18 years old and older living in the United Kingdom permanently are qualified for the Zero Credit Card. Moreover, an annual income of GBP 7,500 and above is required. The bank also reminds prospective applicants that terms and condition apply and that credit will undergo status and financial evaluations.
Applications are available online through the application form available on their website and at a local Santander branch.