Santander Edge Credit Card
Santander
Annual fee
£36
Rewards rate
2%-1%
Welcome Bonus
No welcome bonus offered.
Regular APR:29.8% APR variable
- 2%Cashback on all purchases for the first year
- 1%Cashback on all purchases after the first year
Welcome Bonus:
No welcome bonus offered.
Reward Rate:
Earn 2% cashback on all purchases for the first year, dropping to 1% thereafter.
APR:
29.8% APR variable
A key differentiator is the 2% cashback on all purchases for the first year, making the Santander Edge Credit Card appealing for those who can maximize their spending within that period.
Pros:
- High cashback rate in the first year
- No foreign transaction fees
Cons:
- Monthly fee applies
- Cashback drops significantly after the first year
The Santander Edge Credit Card may be suitable for consumers looking to earn significant cashback on their purchases, particularly in the first year with a 2% reward rate. However, the annual fee and lack of a welcome bonus should be considered by those who may not spend enough to offset the cost.