Founded in 2013, Tandem is a challenger bank that acquired Harrods Bank in January of 2018. It’s a “challenger” in the sense that it is taking on the established high street and online banks.
Currently offering fixed term savings accounts, as well as their credit card offering, Tandem aim to offer a borrowing solution that is flexible and a service that is fast and reliable.
The Tandem Cashback Credit Card offers 0.5% cashback on all purchases over £1 worldwide and no additional fees on transactions abroad. If you’re a frequent traveller, it could be a good way to avoid overspending.
Tandem also offer the Journey Credit Card, which has the same travel features but without the cashback feature.
Both cards offer free protection on purchases over £100 and certain protections from fraud (terms and conditions apply).
Tandem’s app also offers real-time spending alerts to help you keep on top of your finances. Other features include digital statements and the ability to freeze the card directly from the app.