Written by Karen Bryan
As an existing Santander 123 Current Account customer, I received a letter from Santander informing me that I was guaranteed to be accepted for a 123 Credit Card, as soon as I returned the enclosed form.
I can’t help but feel that Santander timed their 123 Credit Card mailing to coincide with the time that most people are thinking about doing their Christmas shopping.
I was initially offered a Santander 123 Credit Card when I completed the online application for the 123 Current Account early this year. I declined, as the Santander 123 Credit Card pays no cashback on some types of spending, e.g. hotels. The highest 3% cashback from Santander is paid on purchases such as fuel and national rail or Transport for London. As we don’t spend much on fuel or trains, I thought that I’d stick to my two existing cashback credit cards which both pay cashback on any category of purchases: the Aqua Reward Credit Card which offers 3%, up to a maximum of £100 per year and the Halifax Clarity Credit Card which offers £5 cashback on a monthly spend of £300.
However, as the Aqua Reward Credit Card is being withdrawn in January 2014, I may re-consider the Santander 123 Credit Card at that time.