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Santander reduces the refund of payments for the beloved 123 credit card.
Santander 123 credit card users will now have an upper limit on the amount that cash back card owners can earn." Starting 1 February, clients can make a total of 9 per pound per months of cash back. It will still provide 1 per-cent cash back in super markets, 2 per-cent cash back at mall outlets and 3 per-cent cash back on trips - but the max cash back can make is 3 euros per class or 9 euros per months in all three classes.
Now, the cash back will only be available for super market and hypermarket expenses of up to 300 and 150 per pound per months respectively. 3 per cent cash back will continue to be available for travelling expenses up to a limit of 100 per pound per months compared to 300 per pound per months.
VERY STRENGTH EXPLOSIVE" "EXPLOSIVE, VERY STRENGTH" The interest rates for credit card transactions will also rise as of February 1 from February 12. Seven percent to 15. Nine percent. "The 123 credit card is no longer available to new shoppers after it was superseded last year by a new credit card, the All in One, which provides a fixed repayment of 0.5 percent on all expenses - but there is no limit to what you can make.
Just like the 123 card, it has an annuity of £36. "However, this may not be an unpredictable move, following a long line of credit card companies that have recently cut their client reward, such as American Express and Marks & Spencer. These are the best options if you want to use a cash back credit card:
Keep in mind that these maps are only advantageous if you think of paying out your credit every time. Failure to do so will wipe away any bonuses you receive through interest costs. As a Santander 123 client, the max you can make in cash back now is 6 per pound per months after the deduction of the total amount.
"In order to make that 6 pounds, you have to pay 300 pounds for groceries, 150 pounds in malls and 100 pounds for trips per months. "When you are dissatisfied with the credit card changes, it is a good idea to look around to see if there is a credit card store that better suits your needs.