British challenger bank Tandem has launched its first product, a Mastercard credit card with cashback and travel benefits.
The card offers 0.5% cashback on local as well as international purchases and comes with an added benefit of zero overseas transaction fees on top of the MasterCard exchange rate.
The Tandem credit card is compatible with the bank’s Personal Finance Manager (PFM) app, which is designed to be integrated with existing bank accounts and credit cards.
Intended to offer assistance with financial management, the app provides spending insights and sets budgeting goals.
According to Tandem, one of the many reasons behind its credit card launch is to provide customers with free protection on purchases of more than £100.
Tandem CEO Ricky Knox said: “With our new banking licence, our banking app and our new credit card, 2018 is going to be a great year for Tandem.
“We are looking forward to getting our colourful cards into the hands of customers – I can’t wait to start seeing customers tapping around town.”