Santander Free: Everything You Need To Know

June 2, 2020
Brasil
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Santander Free card is a very popular credit card issued by Santander bank. Santander Free comes with no annual fee as long as you charge a minimum of R$100 per month to the card. The Santander Free card is issued to both Santander Account holders as well as non account holders and the minimum income required to qualify for the card is R$500,00 if you have a Santander account and R$1.050,00 if you aren’t a Santander account holder.

If you’re looking for an affordable credit card with no annual fee that you can control from your smartphone, Santander Free might be your answer.

Banco Santander is a brand most Brasilians are familiar with, as well as with most of their financial products. In this post, we’re going to cover Banco Santander’s Santander Free credit card, its features, and benefits, how to unlock your new Santander Free card after receiving it, how to get your Santander Free Statement/Invoice and how to increase your limit.

Keep reading to find out whether this is the card you were looking for.

The Santander Free Card

The Santander Free card is a credit card issued by Banco Santander. In Brasil since 1957, Banco Santander is the third-largest private fund institution with hundreds of branches and thousands of ATMs and service stations. One of the interesting things about the Santander Free credit card is that it is issued to both account holders and non-account holders. In other words, you can get the card even if you don’t have a bank account with Banco Santander. A major factor in the popularity of the Santander Free card is the fact that you can avoid paying an annual fee, provided you spend at least R$100,00 every month. Otherwise, you’ll have to pay a fee of R$31,17 per month.

Santander Free Card Features And Benefits

Here are some of the benefits Banco Santander offers with the Santander Free card:

Annual FeeThere is no annual fee as long as the cardholder charges a minimum of R$100,00 to the Santander Free credit card., otherwise there’s a monthly fee of R$31,17
Minimum Income RequiredMinimum Income Required for Santander Account Holders: R$500,00

Minimum Income Required for Non-Account Holders: R$1.050,00
Average Interest Rate 11.61% (the interest rate can vary depending on the cardholder’s credit analysis)
Santander Pass
Easy to use App
Santander Esfera Rewards Program ✔ (although it doesn’t earn you points)

The Possibility Of No Annual Fee

With the Santander Free card, there is no annual fee as long as you spend R$100,00 per month using the card. Every month you fail to meet that minimum, you will have to pay a R$31,17 monthly fee. Considering the average spending of most Brasilians, R$100 per month probably won’t be too much of an issue, but it is very important to keep an eye out every month because, otherwise, you’ll have thrown away R$31 for no good reason.

Santander Free card Minimum Income

Before applying for this card, you must know that there are minimum income requirements to be approved. These requirements depend on having an account with Banco Santander or not:

  • Minimum Income for Santander Account Holders: For Santander account holders the minimum income required to get approved for the Santander Free card is R$500,00 making it accessible to most Brasilians.
  • Minimum Income for those who aren’t Santander Account Holders: For those who are not Santander account holders, the minimum income to acquire the Santander Free card is R$1.050,00.

The second income puts the card within reach of the average middle-class Brasilian, but leaves out a good part of the population. However, if you don’t make that amount every month, you can always open an account with Banco Santander and apply for your card afterwards.

Santander Free Card: Interest Rate

The average interest rate for the Santander Free card is around 11.61%, however, it can go upwards or downwards depending on your credit analysis.

Santander Pass

You can get the Santander Free card in the form of a bracelet, watch tag, or even a sticker you can stick to the back of your phone. Made of waterproof silicone, the Santander Pass comes in amber, black, or silver colors and allows you to make payments with more freedom.

When purchasing your Santander Free card, you can choose between a bracelet, watch tag, or sticker.

Santander Pass

App Way

You can download the Way app on your phone and track your spending in real-time and control your limit wherever you are. 

Here are some of the things you can do with the Way app:

  • You can unlock your credit card as soon as you receive it and it’ll be ready to use.
  • You can control your card limits.
  • You can pay for online purchases with the online card/virtual card.
  • You can also temporarily block your credit card.

Santander Free Loyalty Program: Esfera 

Esfera is Banco Santander’s loyalty program. With Esfera points you can save some extra cash on discounts. Esfera, like any other loyalty program, works something like this: You earn points when you make purchases using a certain credit card, once you have accumulated some points you can then exchange these points for products and services. 

A major downside of the Santander Free card is that it doesn’t allow you to earn Esfera points, however, if you have accumulated Esfera points with another credit card or by some other means, redeeming those points as a Santander Free cardholder can help you save up to 50% in discounts. As in, if you redeem your points using the Santander Free card, you will exchange fewer points for the products or services that Esfera offers, potentially, half as much.

Flexible Invoice Payment 

Santander Free provides a deadline of up to 40 days and you can pay your invoice in up to 24 installments if need be.

How To Get Your Santander Free Statement

A common question many cardholders come across is how to check your statement to keep your spending in check every month. A credit card statement is a periodic statement or a summary of how you’ve used your credit card for a billing period, enlisting all your purchases, payments, credits, etc. made to your credit card.

Getting your statement or invoice for your Santander Free card depends on whether you are a Banco Santander accountholder or not. In the following subsections, you’ll learn all the different ways in which you can check your statement in each possible case.

Getting Your Santander Mastercard Free Invoice If You Have A Santander Bank Account

If you are Santander accountholder, in other words, if you have a Santander bank account, you can get your credit card statement in 3 different convenient ways:

#1 Through The Santander Way App

To check your credit card invoice through the Way app all you have to do is follow these simple steps:

Step 1: Download the app.

You can download the Santander Way app for both iPhone & Android from the App Store or Play Store respectively.

Step 2: Log into your account.

Access the app with your 4-digit password.

Step 3: Scroll to the Invoice Section.

Tap on Menu then Invoice.

Step 4: Select your card.

If you have more than one credit card, you can select the card whose invoice you would like to check, and you’re set.

Can you pay your invoice through the Way app?

Yes, you can. To pay your invoice through the Way app:

  • Scroll to the Invoice section like before. Simply head on to Menu then tap on Invoice.
  • Select Credit Card: Then select the credit whose invoice you’d like to pay if you have more than one.
  • Tap on the Pay Invoice Button: A Pay Invoice button will appear at the bottom of the screen. Once you click the button, the Santander app will open up so you can confirm the requested transaction.

#2 Santander Application (The Offical Santander App)

The Santander app is exclusive for account holders. Using the Santander app you can check your invoice, pay in installments, make the payment with a few clicks.

To get your Santander credit card invoice through the Santander App, if you have a Santander bank account just follow these simple steps:

Step 1: Download the Santander app.

You can download the official Santander app for both iPhone & Android from the App Store or Play Store respectively.

Step 2: Log into your account.

You can log in with your CPF and password.

Step 3: Scroll to the Invoice Section.

Once you’re logged in, then tap on Cards then tap on Invoice.

#3 Online Banking

You can also check your invoice on the Santander website. To get your Santander Free credit card invoice online, if you have a Santander bank account just follow these steps:

Step 1: Go To The Offical Santander Website

Visit the official Santander Brasil website, and log in with your CPF and password.

Step 2: Log into your account.

Once you’re logged in, then click on Cards then click Invoice and you’ll see your Santander Free Invoice on screen.

Santander Free statement online
santander free fatura
fatura cartão santander free mastercard

Getting Your Santander Mastercard Free Invoice If You Don’t Have A Santander Bank Account

The only way to get your credit card statement if you don’t have a Santander bank account is through the Way app. In this case, you will receive your statement by email. These are the easy steps you need to take:

Step 1: Download the app.

You can download the Santander Way app for both iPhone & Android from the App Store or Play Store respectively.

Step 2: Log into your account.

Access the app with your 4-digit password.

Step 3: Request email Invoice.

To get your invoice, just tap on Options then Email invoice. You’ll receive your credit card statement in your email and to check invoices from previous months, simply scroll through the graph shown.

Can you pay your invoice through the Way app, if you’re not a cardholder?

Yes and no. You can’t really pay directly within the app, but you can generate a boleto bancario barcode in the Way app and use it to pay your invoice with your regular bank. Here’s how it works:

Step 1: Download the app.

As usual, you can download the Santander Way app for both iPhone & Android from the App Store or Play Store respectively.

Step 2: Log into your account.

Access the app with your CPF number and password.

Step 3: Scroll to invoice.

This is as simple as tapping on Menu then Invoice.

Step 4: Tap ‘Pay The Invoice’

A Pay Invoice button will appear at the bottom of the screen. Just tap it and the app will generate a boleto bancario barcode.

Step 5: Pay Your Invoice

Once you have your barcode, you can use your other bank’s app to scan it and pay it, and you’re set!

Limit On The Santander Free Card

Initially, the limit on your Santander Free card will be set by the bank itself, based on the credit analysis when you apply for the card. However, you don’t have to be stuck to the initial limit. With Santander’s Way app, the cardholder is able to increase or decrease the limit value according to their needs, whenever they want.

How To Change The Limit On Your Santander Free Card

Changing the limit on the Santander Free card with the Way app is actually very simple. Just download the Way app on your smartphone and answer the question, “What limit would you like to have on your credit card?”.

cartão santander free qual o limite

However, it is important to note that the new limit that you set will be analyzed by Santander, which may or may not be approved.

Tips To Have Your Updated Santander Free Limit Approved

Here are some tips that’ll help you get your increased Santander Free limit approved:

  • Use your Santander Card often. Make all transactions with your Santander Card, if possible.
  • Pay your invoice on time. 
  • Avoid Splitting too much. It is not well regarded by the bank if you have too many installments on your card.
  • Update your income from time to time. If there’s an increase in your monthly income, you should send Santander proof of your updated income.

How To Unlock Santander Card

You can unlock your new Santander Free card with Santander’s Way app. Here are the steps explaining how to get your new Santander Card unlocked using the Way app:

  • Download the Santander Way app on your smartphone and sign in using your CPF number and password.
  • Look for the credit card icon with a lock on it.
como desbloquear cartão santander free
  • At the bottom of the screen, you’ll see a swipe-bar.
cartão free santander desbloquear
  • Swipe the bar to the right.
  • A new window will appear asking you for your card password and expiration date.
  • Once you enter your card password and expiration date, your card will be unlocked successfully.

Unlocking your Free Santander card with the Way app is beyond easy, as most things are these days with a well-designed app. Once it’s unlocked, you’re free to start using it right away. Make sure to reach the minimum R$100 in purchases charged to your card every month so that you don’t have to pay the annuity and you’ll have a free card with good value.

Santander Free Pros And Cons

After analyzing this card from Banco Santander, these are the ups and does he were able to identify:

Pros

  • You can get the card for free just by using the card every now and then.
  • You can get this card even if you don’t have a Banco Santander account.
  • The minimum income requirements aren’t high for Banco Santander’s account holders.
  • You can raise or lower your credit card limit to your desired amount in order to suit your needs, pending approval by the bank.

Cons

  • If you don’t reach the minimum R$100 in purchases per month the annuity will be rather high considering the few benefits this card offers.
  • Even though it is a Santander credit card, it doesn’t earn points in the Esfera loyalty program.

The Bottom Line On The Santander Free Credit Card

The Santander Free card doesn’t have an annual fee as long as you spend a minimum of R$100,00 per month using it. Otherwise, there’s a R$31,17 per month fee. Santander Free benefits include no annual fee, Santander Pass and the Santander Way app, which allows you to unlock your card as soon as you’re approved, even before receiving the physical card, control your card limit and pay for online purchases. Add in up to 50% discounts in the Esfera loyalty program, and you’ll quickly realize why this card is so popular among Brasilians today.

The Santander Free card is a great option for people looking for an affordable credit card especially if you’re a fan of online shopping.