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Santander Cuts Cashback, Raises Fees on Edge Card

7/31/2025

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Summary

Story summary

Santander has made significant changes to its Edge credit card, slashing cashback rewards from 2% to 1% on purchases capped at £10 monthly. Additionally, monthly fees have jumped from £3 to £4, and the APR has soared to 37.8%. Now, even non-Santander customers can apply, widening access to this revamped card.

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Story summary

Santander has made significant changes to its Edge credit card, slashing cashback rewards from 2% to 1% on purchases capped at £10 monthly. Additionally, monthly fees have jumped from £3 to £4, and the APR has soared to 37.8%. Now, even non-Santander customers can apply, widening access to this revamped card.