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.'
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Gatehouse Bank closes £100m of commercial property finance
Gatehouse Bank’s commercial real estate team has completed £100m of finance for the first time this year...
Revolut granted European banking licence
Revolut has announced that it has secured its European banking licence...
Starling hires head of SME banking
Starling Bank has announced the appointment of Stuart Doignie as its head of SME banking...
Local brewery secures backing from Development Bank of Wales
The Development Bank of Wales has part-funded a £134,000 capital investment project by Wild Horse Brewing Company...
Metro Bank adds international payments to mobile app
Metro Bank has enhanced its mobile app with the introduction of international payments for its personal and business customers...
How digital technology can help high street banks innovate
As society moves more and more towards a digital future, the closure of retail bank and building society branches is anticipated to accelerate...
Mortgage Industry Collective releases charity single
A group of mortgage professionals have collaborated to release a Christmas charity single to raise money for End Youth Homelessness...
City of London Group appoints first NED for Recognise
City of London Group PLC (COLG) has named Simon Wainwright (pictured above) as the first non-executive director for its subsidiary Recognise Financial Services...
BBB names network director for North and Midlands
The British Business Bank (BBB) has appointed Geoff Whiteland as its new UK network director for the North of England and the Midlands...
Wyelands Bank completes ABL deal for stainless steel supplier
Wyelands Bank has completed a seven-figure, asset-based lending deal for AD Bird Stainless Limited...
Axis Bank names new MD and CEO
Axis Bank Ltd has announced that Shri Amitabh Chaudhry will become its new CEO and managing director...