Santander Edge cashback credit card review 

Earn 1% again on spending.

The Santander Edge cashback bank card has had a revamp for brand new prospects. You’ll now earn much less and pay extra. Right here’s what it’s good to know, and whether or not we predict it’s price getting.

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Santander Edge bank card options

1% cashback fee

The Santander Edge bank card pays 1%. Sadly the boosted 2% fee within the first yr was eliminated in July 2025 for newbies.

1% isn’t dangerous. It matches the equal fee on the American Specific Nectar card (two factors for each £1 spent), and is larger than the 0.5% to 0.75% you’ll get on the following greatest choices. However, as we’ll get to, this 1% is earlier than charges are taken under consideration.

Each month, there’s a £10 cap on cashback you possibly can earn. This implies you’ll solely earn a refund on the primary £1,000 you spend every month.

A month is outlined as between statements. So for those who get your assertion on the 12 of a month, your spending complete resets to £0, and also you’ll preserve incomes till the following assertion date otherwise you attain the cap.

Cashback is added to every assertion and can come off what you owe – so for those who determine to shut the cardboard down be sure you do that simply after you’ve had an announcement so to not lose out on earnings.

What are you able to earn cashback on?

Most of your on a regular basis spending goes to be eligible for cashback. Nonetheless there are some exclusions:

• Stability transfers and cash transfers
• Shopping for overseas forex or travellers’ cheques
• Withdrawing money from a money machine or over the counter at a financial institution
• Playing, together with web playing and shopping for lottery tickets
• Direct Debits and standing orders

Charge free spending overseas

The opposite key function for the Santander Edge bank card are zero overseas transaction fees for utilizing it abroad, whether or not on spending or to withdraw money.

Nonetheless, there will probably be a 3% cost (minimal £3) added for those who do use it to take cash out of an ATM, at house or overseas, together with curiosity fees. So it’s not a good suggestion to make use of the cardboard for this. Listed below are our alternative options.

How a lot does the cardboard price?

That is the place that enticing cashback fee all of a sudden appears to be like much less interesting. The cardboard has a £4 charge each month, including as much as £48 a yr.

Previous to July 2025 this was £3 a month, so that you’ll be incomes £12 much less annually because of the hike.

There’s no simple approach to wipe this charge out, although the financial institution has been recognized to run promotional presents that take away the charge for a brief welcome interval.

Who can get the Santander Edge bank card?

The one standards are you’re over 18 years previous, be a everlasting UK resident and earn greater than £10,500 a yr. From July 2025, you not must have a present account with Santander with a view to get the cardboard.

As with most bank cards you possibly can ask for added playing cards to be added (as much as 4) and these will probably be in your identify, so there’s no requirement for the individuals you give these to to even have a Santander present account.

There’s an eligibility search choice on the Santander web site, which is price utilizing earlier than making use of. This’ll inform you your chances of getting accepted without appearing on your credit report. In the event you determine to proceed, then a tough search will probably be made in your credit score file.

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How a lot cashback are you able to earn with the Santander Edge bank card?

Okay, so what may you really make from the cardboard?

First there’s that £4 month-to-month charge. That’ll eat into the revenue from the cardboard. Every month it’s good to spend a minimum of £400 to cowl the charge.

Then there’s that £10 month-to-month cap. You’ll attain £10 every month for those who spend £1,000. Any spending on the cardboard above this degree will cut back the efficient cashback fee you earn additional.

This tables present what you’d get from a couple of completely different spending quantities as soon as the charge and cap are factored in.

As you possibly can see probably the most you possibly can really earn after the charge is 0.6%, and that’s for those who spend bang on £1,000 every month. Go above this and your efficient fee decreases.

It’s essential to be spending a minimum of £800 each month to match the 0.5% you may get from the free Amex On a regular basis Cashback card.

And spend lower than £400 on the cardboard and also you’ll be dropping cash!

Do you have to get a Santander Edge bank card?

Andy’s evaluation

It’s nice to have the next paying cashback bank card on the market, particularly one which isn’t American Specific.

Nonetheless, you’re by no means going to really attain 1%. In the event you spend the utmost £1,000 a month the place cashback is utilized you’ll really get 0.6% again. Lower than the highest free playing cards and fewer than the highest paying playing cards with low charges (e.g Amex Nectar, Amex Cashback).

Plus, for those who’re eligible for a welcome supply from American Specific that’s more likely to be extra profitable and a greater choice. You’ll be able to see if any of those presents are currently boosted in our Amex deals page.

After all, if you’d like a non-Amex cashback bank card, the 2 playing cards you’re evaluating towards are the Barclaycard Rewards (0.25%) and Barclaycard Avios (0.5% for those who swap your Avios into Nectar). So a month-to-month spend of £530 would match the primary card, and a spend of £800 would equal the second. I’d say these two are higher choices

Finally, I believe it’s a danger to pay this £4 charge when there’s an opportunity you received’t must spend a lot on it. Actually it’s just for these you need Part 75 shopper safety and usually spend at retailers that received’t take Amex.

What do individuals consider Santander?

Since this can be a comparatively new card, there aren’t any opinions of the product over on our sister web site, Smart Money People. Nonetheless you possibly can see what prospects take into consideration the financial institution itself and it’s different bank cards.

• The financial institution scores 3.75 out of 5
• The 123 bank card scores 3.92 out of 5
• The All in One bank card scores 2.46 out of 5

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