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'll explain the benefits of the Santander Free card and the advantages of having one with no annual fee.
First of all, we must remember that banks are being almost forced by fintechs to offer services with more advantages for consumers; the prime example of this is credit cards with no annual fees.
Companies are becoming increasingly familiar with the internet and are launching digital accounts, more online loans, and various other investments, which is increasingly intensifying 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 will have to pay the monthly card fee, which costs only R$31.17.
If you spend a lot on your credit card and will be spending more than R$100.00 per month, the Santander Free card ends up being a very good option for you.
Minimum Income
Like many other credit cards, you need to state your monthly income to get credit approval. Santander bank customers must have a minimum income of R$ 500.00 to have their credit approved.
For people who do not have a checking account at Santander bank, the minimum required income increases slightly, becoming R$954.00 per month.
Application
Like many other no-annual-fee credit cards, Santander also has its own app to allow customers to track their card spending in real time, along with several other features.
They offer options such as checking your balance, increasing your credit limit, paying bills, and blocking your card if it's lost or stolen, among other functions that greatly simplify the customer's life.
The benefits of having the Santander Free credit card
- Accumulate points in the Sphere
Another benefit that Santander offers is the accumulation of points in its own programs, such as Esfera. For every R$5.00 spent, you accumulate one point for your next purchase, and you can even get up to 50% off selected products.
When you join the points program, you receive 2,000 points as a courtesy from Santander, but pay attention: they are valid for 24 months and expire after that period. You can also accumulate more points in addition to your courtesy points 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 use on future purchases with your 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 advantages to this Santander Credit Card!
- Your bill can be paid in installments up to 18 times after the closing date.
- Your purchases can be split into up to 24 installments, and best of all, with minimal interest.
- You get an additional 50% discount at various partner businesses through the Esfera program.
- It is possible to 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 quickly through the Santander website.
First, you will need to access the Santander website and go to the online application tab. Now, enter your CPF ( Brazilian tax identification number) and select the option " I have read and agree to the Terms and Conditions of the Privacy Policy ".
I want mine option and fill in the requested information.
After entering all the requested information, you will need to verify your number, and your application will be sent to Santander. A response will be sent within a few days, and the card will be sent to the address you provide.
If you spend more than R$100.00 a month, this card could be a very good option for you.
Whenever you're going to hire a service, do some research to see which one best suits you and fits your income and expenses, so you don't have any problems at the end of the month.