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Adam Jolley

Review: Santander 123 credit card with Amazon cashback


Santander is now offering 1 per cent cashback when you use its 123 credit card at this Christmas period. We take a look at the pros and cons.

Paying online

Santander’s 123 credit card aims to reward customers as they spend.

And, exclusively for the Christmas period, it is now offering 1 per cent cashback on purchases.

The "reward yourself for being so giving this Christmas" promotion runs until 31 January 2014.

Any cashback earned is credited to your account monthly. So spend £50 for example, and you can earn 50p in cashback.

Santander 123 credit card: Other cashback deals

The Santander 123 credit card also offers cashback at other retailers.

Earn 1 per cent cashback at all major supermarkets - handy when it comes to doing the Christmas food shop.

Earn 2 per cent cashback at all major department stores, including BHS, Debenhams, House of Fraser, John Lewis and Harvey Nichols.

Commuters will also be rewarded for fuel and transport spending, with 3 per cent cashback earned at all major petrol stations and on National Rail and Transport for London travel.

Santander 123 credit card: Are there any drawbacks?

The 3 per cent cashback offer on fuel and transport is capped at £300 per month – so any spending over this amount won’t be rewarded.

Another downside of the credit card is the £24 annual fee.

However, if you already have or if you open a Santander 123 current account before 31 December, 2013, it will refund the first year's annual card fee.

Santander says there are now more than two million 123 Current Account holders as of last month, with 860,000 also holding a 123 credit card.

Our verdict: Consider where you’ll use the card

Nerys Lewis is head of credit cards at

She says: "Christmas can be an expensive time of year and an awful lot of people do their gift-buying at

"So this deal should give them a little something back for spending their hard-earned cash."

But when it comes to looking at the card’s other benefits – namely the tiered cashback system – Lewis says you should look at whether you would use it at the right places.

"You need to look at where you do your shopping and see whether that retailer is on Santander’s cashback list," she says.

"The same applies to commuters. However, Santander offers cashback at most petrol stations and many rail services so this really is a good option for people that have to spend money on travel."

Finally, as with any cashback card, you should ideally be in a position to pay off your bill in full each month to really reap the rewards.

Otherwise you will incur interest charges which could wipe out any cashback benefits. 


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