Santander Stops Issuing Credit Cards Due To Overcharging Customers

Santander has stopped accepting applications for credit cards. No information is given on the website, but according to Biz Journals the reason for this is that Santander has been charging some credit cardholders higher interest rates than they agreed to. Santander stopped accepting new credit card applications sometime in March and have stated that they identified “some minor errors related to credit card interest calculations and disclosures.” and that this affects “a small percentage of our credit card customers,”