The frequency of credit card use in all countries, including Portugal, has been increasing over time.
In Portugal, as in all countries, the use of credit cards has been increasingly sought after in recent times; among the many options, one of the most popular is the Mastercard Light from Banco Santander, as it is tax-free and offers benefits to its customers.
Banco Santander Portugal, also known as "Santander Totta," offers a wide range of financial services, but its credit card is the most popular. This financial institution has been operating in Portugal since 1988 and is the largest non-governmental trading company, meaning it consists of private companies that rely on its shareholders' money to function.
Santander Bank Mastercard Light credit card
In our daily lives, the most functional credit card is the "light" card, due to its convenience for shopping and payments.
To avoid annual fees charged by the card's financial institution, it's advantageous to note that once you accumulate €600 in purchases and payments, you are exempt from the annual fee.
Another important feature is that the consumer can transfer a percentage of the credit to their checking account.
How does this Santander Bank Card work?
As previously highlighted, the benefit of reverting a percentage of the credit to your checking account is that when you run out of money and need it, it takes time to obtain it; it advances the money by transferring it as credit, simplifying the acquisition and payment process, such as paying in installments.
By providing annual tax exemption for a minimum of 600 euros every 3 months, you can take advantage of the benefits offered.
However, if the 600 euro mark is not reached every 3 months, the annual fee will be 20 euros per month.
This card provides flexibility between two payment options for your bills.
* Full payment due on the invoice due date.
* Monthly fees exceeding 5% of the total value.
Advantages and disadvantages of the Totta Light credit card
* Card payments require a minimum of 5%, with options for amounts that fit your budget.
* 24-hour weekly guidance service for consumers.
Multibanco proceeds.
* Mastercard is a well-known and internationally accepted brand.
* Provides secure purchases on websites and online stores.
* Advance payment.
Discounts for Santander members.
Disadvantages of the Totta Light Credit Card
However, like all cards available on the market, it has its disadvantages.
Many offer mileage programs, but this benefit is not available to those who need frequent international travel.
But is it worth having a Santander Light Credit Card?
This card is suitable for customers who spend at least 200 euros per month. It offers discounts at stores and establishments that accept Mastercard and Santander.
If the expenses incurred and your budget are lower than indicated, the safest option is to look for another card with unconditional fee waivers.