Like many other institutions, Santander launched a credit card with no annual fee, but many people ended up having doubts about the benefits of this new model.
In this article, we will explain the benefits of the Santander Free card and the advantages that come with having one without an annual fee.
First of all, we must remember that banks are being practically forced by fintechs to offer services with more advantages for consumers, a great example of this being cards with no annual fees.
Companies are increasingly familiar with the internet and are launching digital accounts, more online loans, and various other investments, which has increasingly increased competition among banks.
The Santander Free Credit Card
Total exemption from fees
This is one of the main advantages of this new Santander Card: No annual fee.
But to access this new service, you have to spend a minimum of R$100.00 on your credit card. If you don't spend this minimum amount, you'll have to pay the monthly card fee, which costs just R$31.17.
If you spend a lot on your credit card and will spend more than R$100.00 per month, Santander Free ends up being a very good option for you.
Minimum Income
Like many other cards, you need to provide your monthly income to get approved. Santander bank customers must have an income of at least R$500.00 to get approved.
For people who do not have a current account at Santander bank, the minimum income required is slightly higher, becoming R$954.00 per month.
Application
Like many other cards with no annual fee, Santander also has its own app to allow customers to track their card spending in real time, along with several other features.
They have the option to check your balance, increase your limit, pay bills, and block your card if it's lost or stolen, among other functions that make life much easier for the customer.
The benefits of having the Santander Free Credit Card
- Earn points in Esfera
Another benefit Santander offers is the ability to accumulate points through its own programs, such as Esfera. For every R$5.00 spent, you earn one point on your next purchase, and you can even get up to 50% off on select products.
When you start the rewards program, you'll earn 2,000 complimentary points from Santander, but be careful: they're valid for 24 months, and after that, they expire. You can also add more points to your rewards and exchange them for travel and various products.
- MasterCard
This card comes with all the benefits of the MasterCard brand, including the MasterCard Surpreenda program, where you accumulate points to make future purchases with the credit card.
And also, you have price and purchase protection insurance to take care of you and prevent any fraud.
The Main Advantages of Santander Free
Several advantages of having this card have already been explained here, but it doesn't end there. There are many more benefits of this Santander Credit card!
- Your invoice can be paid in up to 18 installments after closing.
- Your purchases can be paid in up to 24 installments, and best of all, with minimal interest.
- You have an additional 50% discount with several partners through the Sphere program.
- You can pay bills online.
How can I apply for the Santander Free card?
To apply for a credit card with no annual fee, it's very simple and can be done very quickly through Santander's website.
First, you'll need to access the Santander website and go to the online tab. Now, enter your CPF and select " I have read and agree to the Terms and Conditions of the Privacy Policy ."
I want mine option and fill in the requested data.
After entering all the requested information, you'll need to verify your number, and the proposal you submitted will be sent to Santander. A response will be sent within a few days, and the card will be sent to the address you provided.
If you spend more than R$100.00 per month, this card may be a very good option for you.
Whenever you hire a service, do some research to see which one best suits you and which one best suits your income and expenses, so you don't have any problems at the end of the month.
