Tandem credit card, no overseas fees, 0.5% cashback
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Tandem credit card, no overseas fees, 0.5% cashback

26
Found 14th Feb
The launch of app bank Tandem’s credit card has been, well, “on the cards” for some times. But now it’s actually happened.

Anyone can sign up for it – not just those on the waitlist that’s been on the Tandem site for a while.

Here’s what it offers:
  • 0.5% cashback on all purchases over £1 worldwide
  • No additional fees on overseas transactions
  • Standard APR of 18.9%

What to watch out for
The Tandem card might be fee-free abroad, but it’s not in the UK. If you withdraw cash in the UK there’s fee of 2.5% (minimum £2.50)
You'll be charged interest from the day you withdraw cash in the UK and abroad. This means it’s generally best not to withdraw cash on the card unless it’s an absolute emergency. However, this stands for most credit cards – most have higher interest rates for cash withdrawals and/or charge interest from day one.
You’ll also need to repay your balance in full each month to avoid paying any interest – there are no 0% periods.

To get the card you must be:
  • At least 18-years-old
  • Currently have an address, and three years address history in England, Scotland or Wales
  • Have a minimum income before tax of £13k per year

Who are Tandem?
Tandem’s an app-only bank and has been massively hyped up over the past year or so. So far it only offers an app which enables you to manage all your bank accounts in one place. It monitors your spending patterns and helps you find better deals so you can save on bills.

A fixed term savings account is “coming soon”.

Why I like this card
I’m a big traveller so I always like a card with no fees on overseas spending. The big banks rip you off on foreign loading charges and foreign transaction charges so a credit card that doesn’t is always welcome. 0.5% isn’t the best in the market but it all counts. This is a solid choice for anyone who wants to give the big banks the swerve.
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26 Comments
Discrimination against ppl of NI ?
iibdii23 m ago

Discrimination against ppl of NI ?


...and the low paid
Sounds better than the Halifax Clarity card which also has no transaction fees.
how does this compare to Revolut?
ianlash42 m ago

Sounds better than the Halifax Clarity card which also has no transaction …Sounds better than the Halifax Clarity card which also has no transaction fees.


You get 0.5% cash back, but Clarity there is no Cash withdrawl fee abroad....i would choose the Clarity everytime for travel and have a different card for UK.

Sorry OP, voted cold on this one.
Edited by: "jchung07" 14th Feb
freccle29 m ago

how does this compare to Revolut?


Revolut is a pre-paid card, this is a credit card.
I recently swapped my clarity card for starling bank....same advantages as tandem but no ATM charges and good overdraft facility.

starlingbank.com/tra…el/
Q: Who are Tandem?
A: Clearly they are people that do not understand the difference between UK and GB
baz8414th Feb

I recently swapped my clarity card for starling bank....same advantages as …I recently swapped my clarity card for starling bank....same advantages as tandem but no ATM charges and good overdraft facility.https://www.starlingbank.com/travel/


And without s75 protection...
True, but I’m referring to day-to-day travel spend which I prefer to use starling for. I can of course continue to use the clarity card for any larger Amazon.de purchases for example that I want added piece of mind for.
For me Clarity is a better choice. Not because of withdrawal fees etc, but better exchange rate. I found them to be the cheapest with exchange rates.
baz849 h, 1 m ago

True, but I’m referring to day-to-day travel spend which I prefer to use s …True, but I’m referring to day-to-day travel spend which I prefer to use starling for. I can of course continue to use the clarity card for any larger Amazon.de purchases for example that I want added piece of mind for.


But the OP is talking about a travel card, Starling advertise themselves as Travel Orientated which leads me to discuss the merits of each product for travelling overseas,and not day to day use.

With Starling, you get a bank account and debit card whilst Tandem and Clarity is a credit card...
Amex cashback main card, Asda money where Amex not accepted. Halifax clarity abroad. Not sold on this one yet. Maybe if the cashback was more than 0.5% i woukd bite.
One perk here is they will credit back earned everymonth to card account.
jchung0711 h, 57 m ago

You get 0.5% cash back, but Clarity there is no Cash withdrawl fee …You get 0.5% cash back, but Clarity there is no Cash withdrawl fee abroad....i would choose the Clarity everytime for travel and have a different card for UK. Sorry OP, voted cold on this one.


No withdrawal fee on this abroad either.
I use Amex Platinum cashback card within UK (and through PayPal where the store does not accept Amex but takes PayPal), Halifax Clarity for credit card purchases everywhere else and Starling for bank account / cash withdrawal. Revolut is a backup only. Don't need another piece of plastic to track & manage unless there is a compelling reason.

Tandem has had startup challenges - they lost their banking licence and could re-acquire it only when they bought Harrods Bank.
Edited by: "bozo007" 14th Feb
Was accepted for this card yesterday. Nationwide recently dropped its rate from 0.5 to 0.25% so i closed it and went with this instead.
Seem to still have a bit of traction left after loosing their uk banking licence last year, not sure who their new partner will be, but maybe a company that is linked to Harrods Bank, which they bought into.

Interesting to see a global use credit card, with no fee's, never been that sure ((since signing up in test mode)) about the grouping or holding of all bank info in one place, it works, but just a bit odd.
Very tempting card and if I didn't already have the Halifax Clarity, i would have gone for this.
freccle16 h, 49 m ago

how does this compare to Revolut?


Revolut is prepaid card, not a credit card.
No foreign fees on either though so depends what you want - prepaid or credit card?
jchung0712 h, 58 m ago

On tandem?


Tandem, from the link:
"In the UK we'll also charge a fee of 2.5%, with a minimum charge of £2.50.
There are no fees for withdrawing cash abroad."
...
"You'll be charged interest from the day you withdraw cash in the UK and abroad"
hielliot14th Feb

Amex cashback main card, Asda money where Amex not accepted. Halifax …Amex cashback main card, Asda money where Amex not accepted. Halifax clarity abroad. Not sold on this one yet. Maybe if the cashback was more than 0.5% i woukd bite.


Clarity does not have cashback abroad though!

Tandem does!


As an FYI to all, I found Tandem's customer service underwhelming.
bozo00714th Feb

I use Amex Platinum cashback card within UK (and through PayPal where the …I use Amex Platinum cashback card within UK (and through PayPal where the store does not accept Amex but takes PayPal), Halifax Clarity for credit card purchases everywhere else and Starling for bank account / cash withdrawal. Revolut is a backup only. Don't need another piece of plastic to track & manage unless there is a compelling reason.Tandem has had startup challenges - they lost their banking licence and could re-acquire it only when they bought Harrods Bank.


This is what makes them attractive a credit card from Harrods with zero fees abroad.

What makes them unattractive is interest from the day you borrow, so you cannot pay off in full within a month and get away from charges. Hence no monthly fees.
Good deal thanks. Just ordered and waiting for it arrive. Anyone know if it can be used with Apple Pay?
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