Santander® Ultimate Cash Back® Card

Santander® Ultimate Cash Back® Card Review

This is a cashback card issued by Santander Bank. If you're wondering whether Santander Ultimate Cash Back Card is the right card for you, read on.

Key Takeaways

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Competitive APRs. Santander® Ultimate Cash Back® Card has a variable purchase APR that ranges from 14.94% up to 24.07%.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. Santander® Ultimate Cash Back® Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Santander Ultimate Cash Back Card

The Good

The Bad

Potentially lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. 0% APR on new purchases during the first 12 months. There is then a variable purchase APR that ranges from 14.94% up to 24.07%. No annual fee. Identity Theft Protection. No foreign transaction fee. Cardholders can earn rewards on their purchases. Santander® Ultimate Cash Back® Card reports to multiple credit bureaus.

Does not offer a signup bonus. You don't earn rewards on every purchase. Charges a 3% balance transfer fee. Does not include many credit card benefits.

Santander Ultimate Cash Back Card FAQ

Does Santander Ultimate Cash Back Card have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.

Santander Ultimate Cash Back Card Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)

What are the Santander Ultimate Cash Back Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Santander Ultimate Cash Back Card?

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

Santander® Ultimate Cash Back® Card has a variable purchase APR that ranges from 14.94% up to 24.07%. The card has a variable balance transfer APR that ranges from 14.94% up to 24.07%. It also has a variable cash advance APR of 25.59% .

What are the fees for Santander Ultimate Cash Back Card?

The following fees apply:

Santander Ultimate Cash Back Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	$0
Late Payment Fee	$35

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

Does Santander® Ultimate Cash Back® Card report your account activity to credit bureaus?

Yes, Santander® Ultimate Cash Back® Card 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 Santander Ultimate Cash Back Card

• Visit the Santander Ultimate Cash Back Card 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.