Review: Santander Bank Credit Cards

Santander Bank offers two credit card options, and each has its pluses and minuses when compared to other card on the market. Below we offer a review/overview of each Santander card:

  • The Santander Sphere Credit Card is overall sort of a boring card, except for one key feature: the ability to transfer a balance to the card and keep it there for 24 full months at a 0% interest rate. The only downside is that you’ll pay a 4% balance transfer fee upfront. For example, if you transfer a $1000 balance, you’ll pay a $40 fee to move that money, but then you’ll get two years to pay it off with no interest, still a pretty good deal. You’ll also get a 0% rate on new purchases for the first 12 months of getting this card. Otherwise, this card offers a run-of-the-mill one-point-per-dollar rewards program. You can also earn a bonus $100 if you use the card for at least $1000 in purchases within the first 90 days.
  • The Santander Bravo Credit Card offers greater rewards, but after the first year it will charge you a $49 annual fee, so it only makes sense if you do a lot of spending on your credit cards. (And even then there are better cash back cards with no annual fee at all.) You’ll get 3 points per dollar on supermarket, gas station and restaurant purchases, and 1 point per dollar on everything else. You can also earn a bonus $100 if you use the card for at least $1000 in purchases within the first 90 days.


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