PhotoRewards credit cards have grown in popularity in recent years, especially cash back cards.

Many rewards cards pay more for certain categories, such as gasoline or groceries, but Santander Bank has introduced what it calls the Ultimate Cash Back Credit Card that's fairly straightforward.

The bank says the card pays 1.5% cash back on all purchases, no matter how much you spend. The card also has no annual or transaction fees.

"The Ultimate Cash Back Credit Card is the most straightforward card on the market," said Ravi Acharya, head of consumer lending and innovation at Santander Bank.

Acharya says cardholders get the same amount of cash back, whether they are eating at a restaurant, gassing up the car, or buying groceries, or it becomes an all-purpose card.

Removing the guesswork

"We designed the Ultimate Cash Back Credit Card to take the guessing out of cash back rewards," he said. "Consumer research tells us that credit card users want a flexible, easy-to-use credit card that doesn't nickel and dime them with unnecessary fees and ensures they're going to earn money back on their purchases."

New cardholders will get a bonus of $100 cash back if they spend $500 on new purchases within the first 90 days of activating and using the card. If they spend an average of $500 a month with the card, the cash back would be $7.50 a month.

It might not sound like a lot, but consider that what the average savings account used to pay each month on a modest balance -- something it doesn't do any more.

Santander also recently announced that its customers are able to add their Santander credit and debit cards to Apple Pay. The bank says that makes it easier to make secure payments in stores and online.

It says upgrades to its mobile platform are coming later this year.


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