Tandem Bank has announced the introduction of its travel cashback card.
The card â€“ which is Tandem's first product in the UK â€“ offers customers 0.5% cashback on all purchases monthly, no overseas transaction fees and a competitive exchange rate.
Tandem's cashback card
Tandem's cashback card uses MasterCard's exchange rate.
It offers an APR of 18.9% and will be integrated into Tandem's banking app, which provides customers with real-time updates.
Tandem customers will receive free protection on purchases over ?£100, meaning their money is protected if the retailer goes bust.
â€œWe took a close look at the lifestyle, values and spending behaviours of our customers and produced a card that helps you earn as you spend, spend abroad without worry and borrow as it suits you,' said Sven Schindele, senior product manager at Tandem (pictured above).
â€œWe hope our customers find the card a helpful companion in all situations in life at home and abroad.'
Ricky Knox, CEO at Tandem, added: â€œWith our new banking licence, our banking app and our new credit card, 2018 is going to be a great year for Tandem.
â€œWe are looking forward to getting our colourful cards into the hands of customers â€“ I can't wait to start seeing customers tapping around town.'
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