By: Kate Anderson | Updated: 8th January, 2019.
It’s rare to find a card that offers rewards but doesn’t charge you for the privilege. The Tandem Cashback Credit Card is that rare gem that offers 0.5% cashback on all purchases over £1 worldwide and does not carry an annual fee. If you are looking to earn a bit of extra money from your credit card spending, then read on.
With a 0.5% cashback yield and no annual fee, the Tandem Cashback Credit Card is a solid choice for those looking for cash rewards on their spending. The card lacks the sign-up bonus that some other cards have, but for those with good credit, the card sports a representative APR at the lower end of the range for the category. And there's no annual fee to worry about.Read full review >
|Annual purchase rate (variable)||18.9%|
|Representative APR (variable)||18.9%|
|Based on an assumed credit limit of||£1,200|
You may be offered a different credit limit or APR to that shown here as it depends on your individual circumstances. Subject to eligibility and credit assessment.
The cashback reward on this card isn’t staggering but, considering the lack of products like this on the market, the card is a solid choice, offering a 0.5% cashback yield with no annual fee.
The Tandem Cashback Credit Card rewards you every time you spend over £1, meaning you don’t have to spend much in order to qualify for rewards, unlike with some other cards. Also, you are not penalised for using your card abroad, making it stand out from its competitors.
I worked on the front line of personal-finance best buys for over eight years at one of the world’s largest research companies, Nielsen. I reported daily on the developments of the 2008 financial crisis and beyond, keeping up with the changing financial landscape and providing insights to all the major banks in the UK. I know the key players in the market and the tactics behind how they behave. All of which I will apply to highlight the best deals and give honest reviews to help you in your search.
The Tandem Cashback Credit Card offers a nice package for those who are looking for cash rewards on their spending, but there are some areas that it falls slightly short on.
There are other cards out there that offer the chance to build up a higher level of cashback or that give more sign-up incentives, but the Tandem Cashback Credit Card’s offer of a 0.5% cashback yield on purchases is competitive, and the added benefit of no-fee foreign usage is enticing for someone who travels a lot.
The card provider will perform a credit assessment on applicants and does state that you will be more likely to be accepted if you have a good credit history. It also requires each applicant to be at least 18 years old and a UK resident with a minimum annual income of £13,000.
The application can be made through Tandem’s website and will take approximately 10 minutes. You will be required to provide your home addresses in the UK over the last three years, details of your monthly income and your mobile phone number.
If you are in the market for a card that will give you something back without an annual fee, then the Tandem Cashback Credit Card could be a good choice. The 0.5% cashback on spending over £1 means that you can start earning some money alongside your credit card spend immediately, without having to reach a certain level of spending in order to qualify for the reward. If you are also someone who likes to travel, the ability to earn cashback on foreign expenditure and the lack of fees for using your card outside the UK means that it is a handy card to have with you when you leave home shores.
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