The Coutts and Co Silk Charge Mastercard has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to compare similar cards from other issuers.
Coutts and Co Silk Charge Mastercard review
By Chris Lilly
- Foreign transaction charge
- 0%
- Account fee
- £0
- Minimum credit limit
- £3,000
Our verdict
This card is no longer available, but you can use our review to find alternatives.One of the oldest banking institutions in Europe, British private bank Coutts serves wealthy and high-profile customers, including the Royal 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
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 airport lounges at a flat rate of £24 per visit. Additional guests can join for £24 each. |
| Potential costs | 9.9Excellent |
| Extras | 5.3Standard |
| Overall Finder Score | 5.8Standard |
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 | 3% (min. £3) |
| 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 |
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.
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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 methodologyWith 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
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 methodologyWith an American Express cashback card you’ll be able to enjoy cashback on almost everything you purchase.
2 of 2
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 methodologyAmerican 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
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 methodologyHow to apply for the Coutts and Co Silk Charge Card
Sorry – Coutts & Co is no longer accepting applications for this card. However you may wish to consider one of the alternatives listed above.
Frequently asked questions
What credit limit will I get with the Coutts and Co Silk Charge Mastercard?
If Coutts & Co offers you this deal, it 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 you're reliable, you may wish to apply for a credit limit increase.
How much does it cost to use the Coutts and Co Silk Charge Mastercard 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.
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