The Santander Zero Credit Card bottom line
You can use this card abroad and not worry about being charged fees. It offers the double benefit of no foreign transaction fee and no cash withdrawal fee both in the UK and abroad, making holiday spending with the card easy and relaxed. The card also offers 0% interest on all purchases for 12 months from account opening
Credit Rating Requirement: Good/Excellent
What I like about the Santander Zero Credit Card
This is a credit card that you can use abroad without having to pay to do so. Plus, with it being part of the Santander family, this means that cardholders can benefit from cashback offers.
- No foreign transaction fees – This is always the main selling point for a card you plan to use abroad, and the Santander Zero Credit Card does not disappoint. Cardholders will not be charged for purchases abroad as long as they make them in the local currency. The provider does warn users to make sure they select the local currency option when spending, because if they were to choose sterling they could be charged a fee by the retailer or the bank handling the conversion.
- No cash withdrawal fees – This is an added element that not all travel credit cards include. The Santander Zero Credit Card is true to its name by charging 0% interest on cash withdrawals in the UK and abroad, meaning you would be able to use your credit card to withdraw money while on holiday and not be charged for doing so.
- Retailer offers – As part of the Santander family, the card also has its Retailer Offers programme. If cardholders register for online or mobile banking and switch on the Retailer Offers option, they could benefit from five welcome offers of up to 25% cashback on purchases from selected retailers such as Costa, Morrisons and Vue. The welcome offers would be chosen for you and would be available for one use only. Once the welcome offers expire, you could continue to earn up to 15% cashback with as many of the offers you have selected from the programme.
- Worth knowing – The card offers 0% interest on purchases for 12 months from account opening. Cardholders can also apply for three additional cards at no extra cost for a partner or family members.
What could be improved?
If you are looking for a travel card then the lack of fees will be the main draw, but you should also look at what else a card offers.
- Cashback rewards – The Retailer Offer cashback programme seems limited, with only a selection of retailers available to earn cashback from and the five welcome offers being chosen for you.
How does the Santander Zero Credit Card offer stack up?
The Santander Zero Credit Card beats some of its competitors purely by having the combination of no fees on foreign transactions and no fees on cash withdrawals. However, it is worth mentioning that some other cards on the market offer longer interest-free introductory periods and more rewarding cashback programmes alongside fee-free overseas usage.
The Santander Zero Credit Card credit score
Santander requires applicants to have a good credit record and to have not been declared bankrupt or had a county court judgement (CCJ) or individual voluntary arrangement (IVA) within the last six years.
Additionally, you will need a gross annual income of £7,500 in order to apply and to have not already held a Santander Zero Credit Card.
How do you apply?
Applications can be made through the bank’s website or you can apply at your nearest Santander branch.
In the application, you will need to provide your personal details, address history for the past three years, details of your yearly income and outgoings, and an email address.
You can make one balance transfer request as part of the application (balances from Santander or cahoot cards will not be accepted). Further balance transfers can be made through online banking once your application has been successful and your credit card has been activated.
Is the Santander Zero Credit Card right for you?
If you are in the market for a credit card to use while abroad then the Santander Zero Credit Card is one to consider. Unlike other travel cards, it doesn’t charge for cash withdrawals when you are away – something that typically carries a fee of around 3%. Added to that there being no fees on purchases abroad and you are looking at a card that allows you to relax with your holiday spending.
The card offers 0% interest on all purchases for 12 months from account opening, but longer interest-free introductory periods are available. This card has no introductory interest-free period for balance transfers, so if this feature is high on your priority list, it may be best to look elsewhere.
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