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  Banco Santander Puerto Rico RedCard Santander MasterCard

Banco Santander Puerto Rico RedCard Santander MasterCard

in Personal Credit Cards from Banco Santander

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Banco Santander Puerto Rico RedCard Santander MasterCard

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in Personal Credit Cards from Banco Santander

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Highlights
Purchase APR  (Variable APR) 9.95 - 25.95
Balance Transfer APR  (Variable APR) 9.95 - 25.95
Credit Score Range 600 - 850
Annual Fee 0

Banco Santander Puerto Rico RedCard Santander MasterCard Review

This is a credit card issued by Banco Santander. If you're wondering whether Banco Santander Puerto Rico RedCard Santander MasterCard is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

Key Takeaways
  • Competitive APRs. Banco Santander Puerto Rico RedCard Santander MasterCard has a variable purchase APR that ranges from 9.95% up to 25.95%.
  • No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
  • 2% Balance transfer fee. Banco Santander Puerto Rico RedCard Santander MasterCard charges a fee of 2% on balance transfers. For example, a balance of $1,000 could cost $20 in transfer fees. The minimum fee is $10.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.
  • Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, extended warranty protection on purchases, purchase protection, travel accident insurance, travel assistance, and fraud protection.
  • Fair or better credit required. You will have good approval oods if your credit score is above600.
Pros & Cons of Banco Santander Puerto Rico RedCard Santander MasterCard
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Multiple credit card perks.
  • Offers auto rental collision damage waiver.
  • Extended warranty on purchases.
  • Travel accident and travel assistance insurance.
  • Considers applicants with fair or poor credit.
  • Banco Santander Puerto Rico RedCard Santander MasterCard reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 1%.
  • You don't earn rewards on every purchase.
  • Charges a 2% balance transfer fee.
Banco Santander Puerto Rico RedCard Santander MasterCard FAQ

Does Banco Santander Puerto Rico RedCard Santander MasterCard have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Banco Santander Puerto Rico RedCard Santander MasterCard benefits?

It provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Zero fraud liability
  • Travel Accident Insurance
  • Travel Assistance
  • Reports to major credit bureaus

What are the relevant APRs for Banco Santander Puerto Rico RedCard Santander MasterCard?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has lower than average regular APRs.

It has a variable purchase APR that ranges from 9.95% up to 25.95%. The card has a variable balance transfer APR that ranges from 9.95% up to 25.95%. It also has a variable cash advance APR that ranges from 22.95% up to 25.95%. Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does Banco Santander Puerto Rico RedCard Santander MasterCard have an intro APR offer on balance transfers?

No, it does not come with an intro APR offer for balance transfers.

Does Banco Santander Puerto Rico RedCard Santander MasterCard have an intro APR offer on new purchases?

This card does not offer an intro APR rate on new purchases.

What are the fees for Banco Santander Puerto Rico RedCard Santander MasterCard?

The following fees apply:

Banco Santander Puerto Rico RedCard Santander MasterCard Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Returned Payment Fee up to $10
Late Payment Fee up to $38

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does Banco Santander Puerto Rico RedCard Santander MasterCard have a foreign transaction fee?

Banco Santander Puerto Rico RedCard Santander MasterCard charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.

Does Banco Santander Puerto Rico RedCard Santander MasterCard report your account activity to credit bureaus?

Yes, Banco Santander Puerto Rico RedCard Santander MasterCard reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Banco Santander Puerto Rico RedCard Santander MasterCard

  • Visit the Banco Santander Puerto Rico RedCard Santander MasterCard website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   824 North Market Street
    Suite 100
    Wilmington, DE 19801
  •   Visit Site

Hours of Operation

  • Sunday 6:00am - 10:00am
  • Monday 6:00am - 10:00am
  • Tuesday 6:00am - 10:00am
  • Wednesday 6:00am - 10:00am
  • Thursday 6:00am - 10:00am
  • Friday 6:00am - 10:00am
  • Saturday 6:00am - 10:00am

Other Services by Banco Santander

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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

No Annual Fee
Annual Fee 0
No Interest Grace Period for Late Payment 27 days
Additional Card Fee Amount 0
Cash Advance Fee Minimum 2
Cash Advance Fee (%) Starting at 2
Minimum Cash Advance Fee ($) 2 - 10
Foreign Currency Transaction Fee 1
Returned Payment Fee Up to 10
Late Fee Amount Up to 38
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Purchase Protection
  • Fraud Liability
  • Travel Accident Insurance
  • Travel Assistance
Rewards Type No Rewards
Cash Advance APR (Variable APR) 22.95 - 25.95
Penalty APR (Variable APR) 29.99
Purchase APR (Variable APR) 9.95 - 25.95
Balance Transfer APR (Variable APR) 9.95 - 25.95
Balance Transfer Fee Minimum 10
Balance Transfer Fee % 2
Card Type
  • Balance Transfer
Card Network Mastercard

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