Update 4/11/20: This card is available again. Santander stop issuing cards due to overcharging but are now issuing them again. They have replaced the $100 sign up bonus with 3% cash back the first year on up to $20,000 in spend. Card not available nationwide
Santander has launched a new cashback called call Ultimate Cash Back. Let’s take a look to see if it’s worth signing up for in this review.
Contents
Card Basics
- Card earns 1.5% cash back on all purchases
- No annual fee
- No foreign transaction fees
- No cash advance or returned payment fees
Our Verdict
1.5% cash back on all purchases is simply not competitive in the credit card landscape anymore when you have a glut of 2% cards and some earning up to 2.5%/3% on all purchases. $100 cash sign up bonus is also on the lower end (you can view the best cash bonuses here). There are limited options for cards that have no annual fee and no foreign transaction fee so I guess there might be some very limited utility there. Personally this is an easy pass from me. I think there Bravo card is more interesting. Santander is on the verge of launching a useful card, but they just can’t quite get it right yet.
Hat tip to reader Jason
