Santander Bank unveils Ultimate Cash Back

BOSTON — Santander Bank has introduced its new Ultimate Cash Back Credit Card that earns cardholders an unlimited 1.5 percent cash back on all purchases with no cap and no annual or transaction fees.

“The Ultimate Cash Back Credit Card is the most straightforward card on the market. With easy-to-understand rewards and no surprise restrictions buried in fine print, whether cardholders are dining out, gassing up the car, buying groceries, or making any number of routine purchases, big or small, they will get 1.5 percent of their money back without paying any hidden fees,” said Ravi Acharya, Santander Head of Consumer Lending and Innovation, in a company statement.

Ultimate benefits of the Ultimate Cash Back Credit Card include:

  • Unlimited 1.5 percent cash back on all purchases across all categories with no cap.

  • No fees in five common categories — more than any comparable competing product:

    • No annual credit card fee

    • No foreign transaction fee

    • No balance transfer fee

    • No cash advance fee

    • No returned payment fee

  • $100 cash back bonus after spending $500 on new purchases within the first 90 days of activating and using the card.

  • Low introductory Annual Percentage Rate (APR)** for the first 12 billing cycles on balance transfers made within the first 90 days of activating and using the card with NO balance transfer fee.


Santander is committed to providing customers with financial products and services that best suit their individual needs. The bank recently announced customers can add their Santander credit and debit cards to Apple Pay, giving them an easy, secure and private way to make payments at participating merchants in stores, apps and on the web using their Apple devices. Santander has also expanded its mobile platform, introducing user-friendly upgrades and adding new features that make navigation easier. The bank will be adding more features and enhancements to its consumer mobile app throughout 2017.

The offer comes with exceptions and limitations: Certain other charges do not earn cash back credit. Accounts must be in good standing to redeem cash back rewards. There is no grace period on balance transfers. Rates are subject to change and late payment fee and finance charges will still apply.


Santander Bank, N.A. is one of the country’s largest retail and commercial banks with more than $83 billion in assets. With its corporate offices in Boston, the bank’s 9,500 employees, more than 650 branches, 2,100 ATMs and 2.1 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware.

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