Credit Cards Explained

A quick guide to your credit card

1. Balance transfers

What is a balance transfer?

A balance transfer is when you transfer an outstanding balance from your other credit or store cards to your Santander Credit Card.

What are the benefits of transferring your current credit or store card balance?

Cost savings: You could save on interest payments by consolidating your credit and store card balances into one.

Easier management: Consolidating all your cards into one may make managing your interest payments and cash flow easier.

We’ll do everything for you: When you transfer your current balance to us we’ll take care of the entire process.

Do I have to close my other store or credit cards after the balance transfer is made?

It’s your choice. If you decide to close your other cards, you’ll need to arrange this directly with the issuer.

2. Card security

Enjoy complete confidence when you make purchases, knowing that your new Santander Credit Card comes with:

• The latest chip and PIN technology to help protect you from someone trying to use your Card
  
• Protection against internet fraud if your Card is used online without your knowledge
  
• Protection against unauthorised use so you won’t be held financially responsible if your Card is used without your (or your additional cardholder’s) knowledge

3. Credit card repayments

Each month you need to make the minimum monthly repayment by the due date shown on your Credit Card statement. Repayment is not required if your balance is zero or your account is in credit.

Your purchases won’t incur any interest so long as you pay your balance in full by the due date each month.