Coutts & Co Silk Credit Card review

  • Chris Lilly's headshot
Coutts & Co Silk Credit Card Mastercard
    High Net Worth Private Banking
Representative example:
Representative 19.99% APR variable. Based on assumed borrowing of £1,200. Rate of interest 19.99% p.a. (variable).
Foreign transaction charge
0%
Account fee
£0
Balance transfer fee
0%

Our verdict

Enjoy luxurious gifts and 24/7 expert advice for your travels with this VIP credit card.

A private bank known for its three-century-long history and for being used by the British Royal Family, Coutts isn't exactly your average financial institution.

However, if you are lucky enough to be part of Coutts' exclusive club of customers, this credit card's impressive series of perks is within your reach.

While "gold" credit cards usually charge expensive annual fees that are balanced out by generous reward programmes and wide ranges of perks, Coutts Silk Credit Card comes for free and sticks to high-quality services and luxurious gifts.

Especially suitable for frequent travellers, this card's benefits include fee-free spending abroad, LoungeKey access and the opportunity to get a series of gift cards to spend in flights, hotels, experiences, food and drink and more.

Coutts' Concierge Team will advise you and solve problems for you 24 hours a day, be it to deal with accommodation and car hire or to book exclusive dinner reservations and theatre tickets.

Pros

  • Avoid currency conversion charges when spending abroad
  • Earn points on day-to-day spending
  • 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
Network Mastercard
Representative APR 19.99% APR (variable)
Annual/monthly fees £0
Additional Rewards Info Thank You From Coutts - as spending increases cardholders automatically become eligible for a choice of gifts.
Lounge access Access to airport lounges at a flat rate of £24 per visit. Additional guests can join for £24 each.
Purchases 19.99
Purchases interest-free period (days) 46
Potential costs 9.6Excellent
Extras 5.3Standard
Overall Finder Score 5.8Standard

Fees and charges

Minimum monthly payment Greater of: 5% of the underlying balance plus the month's interest and any applicable fees and charges; £5; or the outstanding balance.
Annual/monthly fees £0
Balance transfer fee 0%
Foreign usage charge (EU) 0%
Foreign usage charge (rest of world) 0%
Cash advance fee 3
Duplicate statement fee £4
Exceeding limit fee £0
Additional card fee £0
Dormancy fee £0

Application requirements

Minimum Age 18
Minimum income £0
Availability Available to existing customers

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.
Product Finder Score Purchases Annual/monthly fees Initial credit limits Representative APR Incentive
Finder score
30%
£195 per year
Min. limit £700, max. limit not specified.
87.3% APR (variable)
New Cardmembers earn 20,000 Membership Rewards® points when you spend £3,000 in your first three months of Cardmembership. New Cardmembers only. Terms apply, 18+, subject to status.
Representative example: Representative 87.3% APR variable. Based on £195 annual fee, assumed borrowing of £1,200. Rate of interest 30% p.a. (variable).
Check eligibility More info
Compare product selection
British Airways American Express® Premium Plus Card image
Finder score
Finder score
30%
£300 per year
Min. limit £700, max. limit not specified.
137.8% APR (variable)
New Cardmembers collect 30,000 bonus Avios when you spend £6,000 in the first 3 months of your Cardmembership. T&Cs Apply, 18+, subject to status.
Representative example: Representative 137.8% APR variable. Based on £300 annual fee, assumed borrowing of £1,200. Rate of interest 30% p.a. (variable).
Check eligibility More info
Compare product selection
The Platinum Card® by American Express image
Finder score
Finder score
30%
£650 per year
Min. limit £700, max. limit not specified.
694.9% APR (variable)
New Cardmembers earn 50,000 Membership Rewards® points when you spend £6,000 in your first three months of Cardmembership. New Cardmembers only. Terms apply, 18+, subject to status.
Representative example: Representative 694.9% APR variable. Based on £650 annual fee, assumed borrowing of £1,200. Rate of interest 30% p.a. (variable).
Check eligibility More info
Compare product selection
loading
Showing 3 of 3 results

Finder Score for credit cards

To make comparing even easier we came up with the Finder Score. Costs, perks and suitability across 120+ cards are all weighted and scaled to produce a score out of 10. The higher the score the better the card – simple.

Read the full methodology
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.
3 of 3 results
Product Finder Score Purchases Annual/monthly fees Initial credit limits Representative APR Incentive
Finder score
30%
£30 per year
Min. limit £700, max. limit not specified.
36.8% APR (variable)
New welcome offer: No annual fee for your first year. 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: Representative 36.8% APR variable. Based on £30 annual fee, assumed borrowing of £1,200. Rate of interest 30% p.a. (variable).
Check eligibility More info
Compare product selection
American Express® Rewards Credit Card image
Finder score
Finder score
30%
£0
Min. limit £500, max. limit not specified.
30% 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 1,000 points) to shop, other rewards have differing conversions.
Representative example: Representative 30% APR variable. Based on assumed borrowing of £1,200. Rate of interest 30% p.a. (variable).
Check eligibility More info
Compare product selection
American Express® Preferred Rewards Gold Credit Card image
Finder score
Finder score
30%
£195 per year
Min. limit £700, max. limit not specified.
87.3% APR (variable)
New Cardmembers earn 20,000 Membership Rewards® points when you spend £3,000 in your first three months of Cardmembership. New Cardmembers only. Terms apply, 18+, subject to status.
Representative example: Representative 87.3% APR variable. Based on £195 annual fee, assumed borrowing of £1,200. Rate of interest 30% p.a. (variable).
Check eligibility More info
Compare product selection
loading
Showing1 - 3 of 3 results

Finder Score for credit cards

To make comparing even easier we came up with the Finder Score. Costs, perks and suitability across 120+ cards are all weighted and scaled to produce a score out of 10. The higher the score the better the card – simple.

Read the full methodology
With an American Express cashback card you’ll be able to enjoy cashback on almost everything you purchase.
2 of 2 results
Product Finder Score Purchases Annual/monthly fees Initial credit limits Representative APR Incentive
Amex® Cashback Everyday Credit Card image
Finder score
Finder score
30%
£0
Min. limit £700, max. limit not specified.
30% APR (variable)
Welcome offer: Get 5% cashback on your purchases (up to £125) for the first 5 months of Cardmembership. Terms and minimum spend apply. 18+, subject to status.
Representative example: Representative 30% APR variable. Based on assumed borrowing of £1,200. Rate of interest 30% p.a. (variable).
Check eligibility More info
Compare product selection
Amex® Cashback Credit Card image
Finder score
Finder score
30%
£25 per year
Min. limit £700, max. limit not specified.
35.6% APR (variable)
First year free + Get 5% cashback on your purchases (up to £125) for the first three months of Cardmembership. Offer ends 15 July 2025. New Cardmembers only. Terms apply. 18+, subject to status.
Representative example: Representative 35.6% APR variable. Based on £25 annual fee, assumed borrowing of £1,200. Rate of interest 30% p.a. (variable).
Check eligibility More info
Compare product selection
loading
Showing1 - 2 of 2 results

Finder Score for credit cards

To make comparing even easier we came up with the Finder Score. Costs, perks and suitability across 120+ cards are all weighted and scaled to produce a score out of 10. The higher the score the better the card – simple.

Read the full methodology
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.
3 of 3 results
Product Finder Score Purchases Annual/monthly fees Initial credit limits Representative APR Incentive
Finder score
30%
£195 per year
Min. limit £700, max. limit not specified.
87.3% APR (variable)
New Cardmembers earn 20,000 Membership Rewards® points when you spend £3,000 in your first three months of Cardmembership. New Cardmembers only. Terms apply, 18+, subject to status.
Representative example: Representative 87.3% APR variable. Based on £195 annual fee, assumed borrowing of £1,200. Rate of interest 30% p.a. (variable).
Check eligibility More info
Compare product selection
British Airways American Express® Credit Card image
Finder score
Finder score
30%
£0
Min. limit £700, max. limit not specified.
30% APR (variable)
New Cardmembers collect 5,000 bonus Avios when you spend £2,000 in the first 3 months of your Cardmembership. T&Cs Apply, 18+, subject to status.
Representative example: Representative 30% APR variable. Based on assumed borrowing of £1,200. Rate of interest 30% p.a. (variable).
Check eligibility More info
Compare product selection
British Airways American Express® Premium Plus Card image
Finder score
Finder score
30%
£300 per year
Min. limit £700, max. limit not specified.
137.8% APR (variable)
New Cardmembers collect 30,000 bonus Avios when you spend £6,000 in the first 3 months of your Cardmembership. T&Cs Apply, 18+, subject to status.
Representative example: Representative 137.8% APR variable. Based on £300 annual fee, assumed borrowing of £1,200. Rate of interest 30% p.a. (variable).
Check eligibility More info
Compare product selection
loading
Showing1 - 3 of 3 results

Finder Score for credit cards

To make comparing even easier we came up with the Finder Score. Costs, perks and suitability across 120+ cards are all weighted and scaled to produce a score out of 10. The higher the score the better the card – simple.

Read the full methodology

Repayment options

You can make manual repayments through Coutts & Co's app by logging in to your online banking or over the phone (020 7753 1000). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (0) or losing any promotional rates as a result.

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount
Fixed amount
Fixed percentage
Full amount

How to apply for the Silk Credit Card

Coutts is well-known for the high standards it sets to accept new customers. If you try to apply online, you'll be asked about your annual income and total assets, and if you don't have either a £1 million to invest or an annual income of at least £500,000, you'll just get a message that suggests an alternative banking option.

If you do manage to become a customer and you can't wait to have Coutts Silk Credit Card in your wallet, you can speak to your financial adviser or call Coutts' customer service.

Frequently asked questions

Can I withdraw cash using the Coutts & Co Silk Credit Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Coutts & Co Silk Credit Card is 3.

The interest rate on this part of your balance will be 19.99%, which is the same as the standard purchase rate (chargeable from the day of the transaction – the card's usual "up to 46 days interest-free" grace period won't apply).

How much does it cost to use the Coutts & Co Silk Credit Card abroad?

Non-sterling transactions are subject to a 0% charge. For example, if you spend 200 euros (£172.71), it'll cost you around £0.00 in fees.

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. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.

Your reviews

No reviews yet. Write a review
Go to site