BANK ACCOUNTS, CREDIT CARDS
Santander launches new cashback offer
Santander bank has launched a new bank account offer where customers could earn up to £300 cashback and 5% in credit interest. The bank also launched its new 123 Cashback Credit Card.
From the 5th of September, Santander is launching their new cashback offers in order to attract more customers both in bank accounts and credit cards services.
The new current account – which the bank claims is completely unique in the UK market - will pay up to £300 cashback to customers who switch their main current account to Santander.
Therefore, existing Santander mortgage customers who either already have, or can deposit £10,000 in savings with Santander and switch their main current account to Santander will earn £300. Existing mortgage customers who don't have £10,000 in savings but still switch their current account will get £200.
Additionally, any new customer who switches their main current bank account to Santander will earn up to £100.
According to the bank, this offer will be available in branch, by phone and online for a limited time only. It is for customers who switch to Santander's best buy Preferred Current Account or its Reward or Premium current accounts - both of which pay a market-leading 5% AER in credit interest for 12 months.
The “cashback king”
Also from the 5th of September, the bank is launching its new 123 Cashback Credit Card, which will offer customers cashback on their everyday spending. The bank claims that it is the first card of its type to offer these cashback amounts on a monthly basis.
The main characteristic of the Santander 123 Cashback Credit Card is that users will be rewarded with monthly cashback on everyday spending. Specifically, the card will offer 1% cashback on supermarket spending; 2% on department store spending; 3% on fuel spending and an expected average yearly cashback amount of £176.
Furthermore, it also will give cashback to clients for their everyday shopping, which is something that many British families would love considering the current inflation and market prices.
Tags: BANK ACCOUNTS, cashback credit card, cashback current accounts, cashback rewards, CREDIT CARDS, santander, santander cashback current account