Are you having trouble finding the best credit card to suit your needs? This is more common than it seems, so you are not alone.
The good news is that thinking about customers in your situation, there are options like the Santander All in One credit card, which combines in one place typical benefits of very different cards.
Do you want to understand the advantages and disadvantages of a proposal like this? Then come with us as we will show you the main pros and cons of this financial product.
Why we recommend the Santander All in One credit card
As we just mentioned, there are many cards with completely different proposals, making them suitable for completely different customers.
However, in some situations, it is important for users to have the most complete credit card they can, therefore requiring a vast list of benefits.
With the idea of meeting this demand, the Santander All in One credit card was created, with an idea visible even in the name of the financial product in question.
Where, this is a card that combines the benefits of all, but in a single financial product, thus being a very versatile form of payment.
For those who need a companion to go from small purchases on the internet to large expenses abroad, this method of use ends up being perfect to avoid requesting dozens of cards.
What can I use the Santander All in One credit card for?
Being a card that was created with the idea of accompanying the user in all types of uses, the features of the Santander All in One credit card end up being quite diverse.
Starting with everyday use, where it becomes a way to pay with debit and credit, with simple approximation, not to mention the possibility of making withdrawals from ATMs.
So, you have at your disposal several payment methods in a single financial product, which is managed entirely through the Santander bank app.
Entering more robust uses, it can be used for purchases abroad without charging an exchange rate, in some cases, it is even possible to receive a Cashback rate.
Therefore, tourists can also find attractive benefits on the Santander All in One credit card, which is something to be carefully analyzed when applying for the card.
Advantages and disadvantages of the card
With the Santander All in One credit card proposal, one of the first doubts that arise is linked precisely to the characteristics of the financial product.
Whether they are good or bad, where we expect an extensive list of benefits, since it is a combination of different cards, does this actually happen? That is what we will see.
But before that, know that the disadvantages should not be ignored so as not to be caught by surprise, so we have chosen some of the most important points to be checked.
Advantages of the Santander All in One credit card
Below we will show you the main strengths of the Santander All in One cards, check them out:
- Flexible credit limit
- No foreign exchange fee
- Contactless payment
- Fully remote request
- No purchase fee for the first 15 months
- Management by application
Disadvantages of the Santander All in One credit card
The Santander All in One credit card has a requirement that not all users will be able to meet and obtain approval, which is due to its vast array of benefits.
However, don't think that after getting approval you will be completely free from the disadvantages present in the financial product in question, there are still others that deserve your attention.
For example, the difficulty in managing some of the benefits that have rules and conditions that are too complex for you to meet all the requirements.
How credit analysis is carried out at Santander All in One
When applying for the Santander All in One credit card, candidates will need to undergo a credit analysis, which plays a very important role in obtaining approval.
This same analysis is found in other cards and financial services from Banco Santander, and aims to measure the risk of default, in order to offer credit in a safe manner.
Therefore, the financial institution uses two metrics to perform an analysis of each user, one based on the credit score and financial history.
For those who have not yet managed to build a good financial history, it can be quite complicated to get through this stage with a good chance of approval.
Is there a maximum and minimum value for the Santander All in One credit card?
Quite directly, we did not find any information regarding how much each user can receive as a limit on the Santander All in One credit card.
But don't be discouraged, as the bank in question seeks to determine the limit always considering what is most appropriate to meet the expectations of each user.
Therefore, credit analysis plays such an important role in this financial product, as it is not just a step to find out who is or is not eligible.
The idea of being a complete credit card with very flexible use means that Santander All in One credit cards have a good credit limit.
However, the initial limit may be too low, something that can be solved by requesting a new credit analysis after a certain period of use, something that will help you obtain a new limit.
Want to apply? Learn how to get the Santander All in One credit card right here!
To learn what is necessary to apply for the Santander All in One credit card, click the button below and check out the next article to learn how to complete all the steps in the application process.