Santander Free Credit Card: without annuity and with rewards

The Santander Free credit card It is a card that does not charge you commissions that also has a rewards program. Therefore, we will talk about the benefits and requirements of this product. Verify!

The Santander Free card earns you 1 point for every dollar you spend. In addition, this card provides you with 1 Paybaback point for every 10 dollars spent. With Payback points you can pay for the purchases you make at Cinemex, 7-eleven, La Comer, etc.

Besides, the Santander Free credit card provides you with medical and road assistance, both in Mexico and abroad; extended warranty for one more year, travel luggage insurance, among others, with a total coverage of $200.  

How much does it cost Santander Free Credit Card?

• Income from $7,500.
• A CAT 91.7% (average), without VAT.
• An interest rate for a balance of 57.44% (weighted average).  
• This card does not charge an annual fee as long as you spend at least 200 pesos per month. 
• In cash deposits, (several banks charge you only for withdrawing money from your credit card up to 16%, plus interest); payment of services, among others. You should only use it once a month.

Requirements

• Be between 20 and 69 years 11 months old;
• minimum income of $7,500 MXN per month;
• fill out and sign the Santander Credit Card Single Application, selecting the Free option;
• copy of a valid official identification. In case of being a foreigner, valid passport and copy of the FM2 immigration document;
• Copy of proof of address not older than 2 months (landline telephone, water, property tax, piped gas, electricity or account statements issued by Santander), only if the voter identification card is different from the current address;
• copy of your last two proofs of income or tax returns.

The only bad thing about this card is the fees they charge you if you delay your payments. They are very high rates, which would make you have to pay a fortune if you delay your payment. However, if you pay on time this will not happen.

The Santander Free Card, as its name in English “Free” says, is free of commissions in annuity for life.