With the summer holidays just around the corner, from today (13 June 2022), Santander UK will be rewarding new and existing customers with 1% cashback when they spend on their Mastercard credit card while abroad this summer.
To qualify for the cashback, customers need to spend a minimum £500 in foreign currency using any Santander Mastercard credit card between 13 June and 18 September, with cashback paid at the end of September. Customers will be able to earn a maximum of £100 in cashback.
Matt Hall, Head of Cards and Loans, Santander UK said: “For many of us, this is our first summer holiday abroad for two years, and to celebrate we’re giving our Mastercard credit card customers cashback on their holiday spending. Whether up a mountain, relaxing by a pool or enjoying the hustle and bustle of a new city, customers will be able to automatically earn cashback on their purchases while abroad.”
Santander offers a range of credit cards to suit customers’ needs, from helping to spread the cost of a purchase, to saving on interest payments elsewhere. The cashback offer applies to all Santander UK Mastercard credit cards, including the Everyday Long Term Balance Transfer, All in One and the Everyday No Balance Transfer Fee Credit Cards. A non-sterling transaction fee of 2.95% applies to transactions made on both Everyday credit cards. There is no additional fee for foreign exchange purchases made on the All in One Credit Card, World Elite Mastercard, Zero and 123 Credit Cards1.
Customers will be auto enrolled in the offer, meaning any eligible spend will automatically earn cashback. Cashback will be paid on top of existing card benefits.
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Notes to Editors
1 – The Zero and 123 Credit Cards are both off sale.
Conversion and cashback calculations based on FX rate at point of transaction.
Minimum spend (over campaign period) £500. Maximum cashback £100/£10k spend.
Final eligible purchases at midnight on 18th September 2022.
Conversion and cashback calculations based on FX rate at point of transaction. Rates can be found at mastercard.com.
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 31 December 2021, the bank had around 19,200 employees and serves around 14 million active customers, via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers’ eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in the Europe, North America and South America regions, and is one of the largest banks in the world by market capitalization. Its purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising over €120 billion in green financing between 2019 and 2025, as well as financially empowering more than 10 million people over the same period. At the end of 2021, Banco Santander had €1.15 trillion in total funds, 153 million customers, of which 25.4 million are loyal and 47.4 million are digital, 9,900 branches and 197,000 employees.
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