In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees and charges
    • Application requirements
  • Your reviews

Coutts and Co Silk Charge Mastercard review 2023

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Coutts and Co Silk Charge Mastercard
3.0
★★★★★
Finder score
Foreign transaction charge
0%
Account fee
£0
Minimum credit limit
£3,000
Our verdict

A luxurious charge card with an impressive range of benefits for Coutts' high-net-worth customers.

One of the oldest banking institutions in Europe, British private bank Coutts serves wealthy and high-profile customers, including the Queen and her family. As you can imagine, joining this exclusive club isn't exactly easy, but if you are part of it, you can enjoy the perks of this VIP charge card.

Being a charge card, you're expected to pay your balance in full every month. Provided you do that, you won't pay any interest on your purchases and also get some flexibility with repayments - purchases at the start of the billing cycle are paid for at the end of the billing cycle. Unlike with most charge cards, you won't be charged any annual fees.

The benefits are mostly meant for frequent travellers. You can use the card abroad without being charged any extra fees, will get airport lounge access and will be enrolled in Thank You from Coutts - Coutts' loyalty programme that will reward you with a choice of gifts and experiences if you spend at least £25,000. Coutts also offers a 24/7 concierge service that you can consult anytime for help with a variety of needs – from hotel and dinner reservations to expert advice if you lose your passport.

As this card is on the Mastercard network, it's accepted in more than 40 million locations worldwide. You'll also be able to enjoy access to Priceless Cities experiences.

Pros

  • Avoid currency conversion charges when spending abroad
  • Airport lounge access
  • No annual fee

Cons

  • Applicants with low credit scores are unlikely to be eligible
  • Only available to existing customers

In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees and charges
    • Application requirements
  • Your reviews

Details

Product overview

Issuer Coutts & Co
Network Mastercard
Representative APR N/A (this product is a charge card).
Annual/monthly fees £0
Additional Rewards Info Coutts Concierge service that gives you 24/7 access to expert help and advice, from flight information, tickets, accommodation, car hire, emergency currency lost passports, messaging and interpretation services. Social and leisure arrangements, such as table reservations, chartering a yacht and tickets booking. Sourcing domestic staff. Exclusive online concierge service for bespoke discounts and money can't buy, red carpet experiences across travel, entertainment and dining. Silk membership, offering access to luxury holidays with complimentary experiences, room upgrades, late checkouts and VIP status in selected hotels and VIP shopping experiences. "Thank you from Coutts" available, select a thank you gift once you have spent a specific amount.
Lounge access Access to over 700 executive airport lounges in over 300 major airports worldworld. £20 per person per visit.
Potential costs ★★★★★
Doing its job ★★★★★
Extras ★★★★★
Overall Finder rating ★★★★★
Overall customer rating Not yet rated

Fees and charges

Minimum monthly payment Full outstanding balance
Annual/monthly fees £0
Foreign usage charge (EU) 0%
Foreign usage charge (rest of world) 0%
Cash advance fee 2% (min. £1.5)
Late payment fee £0
Replacement card fee £0
Duplicate statement fee £4
Exceeding limit fee £0
Additional card fee £0
Dormancy fee £0

Application requirements

Minimum Age 18
Availability Available to existing customers
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Compare Coutts alternatives

Table: sorted by representative APR, promoted deals first

If (as is the case for most of us) a Coutts credit card is out of your reach right now, there are plenty of cards like Coutts credit cards on the market to make you feel like a VIP. American Express offers an impressive selection of cards catering to all sorts of consumers, all with rewards attached – from lounge access to hotel upgrades.

Much more of a luxury option than your average credit card, premium American Express cards come with perks aplenty. Expect to pay an annual fee, but in some cases this will be waived for the first year.
1 - 3 of 3
Name Product Purchases Annual/monthly fees Initial credit limits Representative APR Incentive Link
American Express® Preferred Rewards Gold Credit Card
30.7%
Year 1 - £0, Year 2 onwards - £160 per annum
Min. limit £700, max. limit not specified.
75.2% APR (variable)
New Cardmembers earn 20,000 Membership Rewards® Points when you spend £3,000 in the first 3 months of Card membership. T&Cs Apply. UK 18+, subject to status.
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £160 per annum, your representative rate is 75.2% APR (variable).
Check eligibility
British Airways American Express® Premium Plus Card
30.7%
£250 per annum
Min. limit £700, max. limit not specified.
112.5% APR (variable)
Earn 25,000 bonus Avios when you spend £3,000 in your first 3 months of Cardmembership. Terms apply. 18+, subject to status. New Cardmembers Only

Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a. with a fee of £250 per annum, your representative rate is 112.5% APR (variable).
Check eligibility
The Platinum Card® by American Express
30.7%
£575 per annum
Min. limit £700, max. limit not specified.
470.7% APR (variable)
Earn 30,000 Membership Rewards points when you spend £4,000 in your first 3 months of Cardmembership. Terms Apply. 18+, subject to status.
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a. with a fee of £575 per annum, your representative rate is 470.7% APR (variable).
Check eligibility
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With an American Express reward card you earn points on almost everything you purchase. With pure reward cards, instead of just cashback, you build up points for all the spending you do and these can be exchanged for exclusive rewards including flights, hotels, gift cards and more.
1 - 3 of 3
Name Product Purchases Annual/monthly fees Initial credit limits Representative APR Incentive Link
American Express® Rewards Credit Card
30.7%
£0
Min. limit £500, max. limit not specified.
30.7% APR (variable)
Earn 1 Membership Rewards® point for every £1 spent thereafter. Earn up to 90,000 bonus points per year through refer a friend, 4,000 points awarded for every friend approved. 1 point = 0.45p (min 1000 points) to shop, other rewards have differing conversions
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a., your representative rate is 30.7% APR (variable).
Check eligibility
American Express® Nectar Credit Card
30.7%
Year 1 - £0, Year 2 onwards - £25 per annum
Min. limit £700, max. limit not specified.
36.3% APR (variable)
Earn 20,000 bonus Nectar points when you spend £2,000 in your first 3 months. Earn a minimum of 3 Nectar points for virtually every £1 spent at Nectar partners, and 2 Nectar points for virtually every £1 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £25 per annum, your representative rate is 36.3% APR (variable).
Check eligibility
American Express® Preferred Rewards Gold Credit Card
30.7%
Year 1 - £0, Year 2 onwards - £160 per annum
Min. limit £700, max. limit not specified.
75.2% APR (variable)
New Cardmembers earn 20,000 Membership Rewards® Points when you spend £3,000 in the first 3 months of Card membership. T&Cs Apply. UK 18+, subject to status.
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £160 per annum, your representative rate is 75.2% APR (variable).
Check eligibility
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With an American Express cashback card you’ll be able to enjoy cashback on almost everything you purchase.
1 - 2 of 2
Name Product Purchases Annual/monthly fees Initial credit limits Representative APR Incentive Link
American Express® Platinum Cashback Everyday Credit Card
30.7%
£0
Min. limit £700, max. limit not specified.
30.7% APR (variable)
New cardmember offer: Get 5% cashback on your purchases (up to £100) for the first three months of Cardmembership. Terms apply. Spend £0 to £10,000 and receive 0.5% cashback on all purchases. Spend over £10,000 and receive 1% cashback on purchases.
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a., your representative rate is 30.7% APR (variable).
Check eligibility
American Express® Platinum Cashback Credit Card
30.7%
£25 per annum
Min. limit £700, max. limit not specified.
36.3% APR (variable)
New cardmember offer: Get 5% cashback on your purchases (up to £125) for the first three months of Cardmembership. Terms apply. Spend £0 to £10,000 and receive 0.75% cashback on all purchases. Spend over £10,000 and receive 1.25% cashback on purchases.
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a. with a fee of £25 per annum, your representative rate is 36.3% APR (variable).
Check eligibility
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American Express has teamed up with BA to enable you to earn Avios on your day-to-day spending. You can use your Avios to buy flights, hotel stays, car hire and more.
1 - 3 of 3
Name Product Purchases Annual/monthly fees Initial credit limits Representative APR Incentive Link
British Airways American Express® Credit Card
30.7%
£0
Min. limit £700, max. limit not specified.
30.7% APR (variable)
Earn 1 Avios for virtually every £1 spent. Spend £12K each year and get a travel companion voucher when redeeming Avios for a BA reward flight. - Earn up to 90,000 bonus Avios points per calendar year, 4,000 points per friend/family member that successfully applies for an American Express card (Excl. Basic card) and uses the Referral Programme. Avios value varies dependent on reward (min 1000pts for flights)
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a., your representative rate is 30.7% APR (variable).
Check eligibility
American Express® Preferred Rewards Gold Credit Card
30.7%
Year 1 - £0, Year 2 onwards - £160 per annum
Min. limit £700, max. limit not specified.
75.2% APR (variable)
New Cardmembers earn 20,000 Membership Rewards® Points when you spend £3,000 in the first 3 months of Card membership. T&Cs Apply. UK 18+, subject to status.
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £160 per annum, your representative rate is 75.2% APR (variable).
Check eligibility
British Airways American Express® Premium Plus Card
30.7%
£250 per annum
Min. limit £700, max. limit not specified.
112.5% APR (variable)
Earn 25,000 bonus Avios when you spend £3,000 in your first 3 months of Cardmembership. Terms apply. 18+, subject to status. New Cardmembers Only

Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a. with a fee of £250 per annum, your representative rate is 112.5% APR (variable).
Check eligibility
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How to apply for the Coutts and Co Silk Charge Card

Unsurprisingly, becoming a Coutts customer is quite hard. You can try with a preliminary online enquiry, but if you don't earn at least £500,000 a year or have £1 million worth of assets to invest, you'll just get a message advising you to consider alternative banking options.

Instead, if you already are a Coutts customer, you can simply give them a call or contact your personal adviser. You may want to compare Coutts' charge card and its credit card to make sure you pick the one that best suits your financial needs.

Frequently asked questions

What credit limit will I get with the Coutts and Co Silk Charge Mastercard?

If Coutts & Co is able to offer you this deal, the offer will specify a personalised credit limit based on Coutts & Co's assessment of your situation. The minimum limit offered on this card is £3,000 and Coutts & Co does not specify a maximum. Once you've had the card for a while and shown Coutts & Co that you're reliable, you may wish to apply for a credit limit increase.

Finder credit card ratings

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Our experts score rewards credit cards to determine their value against similar products on the market. We look at a number of important factors, like welcome bonuses, introductory and ongoing earn-rates, any caps or restrictions on the points you can earn, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

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We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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