Santander announces £150 cashback for eligible customers
Santander, which operates branches in Birmingham, has confirmed it will deposit £150 directly into the bank accounts of qualifying customers. The offer applies to those taking out a new life insurance policy with the bank.
Who qualifies for the £150 payment?
Santander mortgage customers, Select members, and holders of a Santander Edge current account will receive the full £150 cashback. All other customers are eligible for £100 cashback. The money is paid directly into the account without the need to submit a claim.
How to get the cashback
Customers must take out a new life insurance policy through Santander. The bank stated: "Up to £150 cashback on a new life insurance policy." The policy is provided by Aviva, and terms and conditions apply.
Additional cashback opportunities
Santander Edge Up current account holders can earn up to £15 cashback on household bills each month. Holders of Santander Edge and Santander Edge Explorer accounts can earn up to £10 cashback monthly. The Edge Explorer account also offers up to £10 cashback on supermarket spending and travel costs each month.
Switching incentive
Customers who switch to a Santander Edge, Edge Up, or Edge Explorer current account can receive £180. The bank noted: "Switch to us - open a Santander Edge, Santander Edge Up or Santander Edge Explorer current account and get £180. T&Cs apply. Offer may be withdrawn at any time." Monthly fees, minimum funding criteria, and cashback exclusions apply.
Credit card rewards
Santander also offers a Rewards Credit Card with 3% cashback in year one on everyday travel and eating out (representative 24.9% APR variable, no monthly fee). The All in One Credit Card provides up to 0.5% cashback on all purchases, up to £10 per month (representative 29.8% APR variable, monthly fee applies). Credit is subject to status.
