NatWest credit card rewards

With the NatWest MyRewards scheme, you can earn points for doing your grocery shopping and turn them into cash, vouchers or charity donations.

Chris Lilly's headshot

By

Chris Lilly

Updated

Fact checked
NatWest

Start comparing

You’ll automatically join the scheme if you take out a NatWest Reward credit card or current account.

Here we’ve looked at how it works, how you can redeem your points and some of the pros and cons of the programme.

How do you earn NatWest MyRewards?

You’ll earn MyRewards points every time you use your Reward credit card, but you’ll earn at a different rate depending on where you shop. More specifically, you can earn:

  • 1-15% of the value of your purchase at NatWest partner retailers.
  • 1% of the value of your purchase at supermarkets.
  • 0.25% everywhere else, including supermarket petrol stations.

While numerous other points schemes offer low-value points by the hundred or even thousand but require you to do some quick maths to work out how much your points are worth, NatWest’s points value is refreshingly simple:

  • 1 NatWest MyRewards point is worth £1.

Compare credit cards that earn NatWest MyRewards points

Table: sorted by representative APR, promoted deals first
1 - 3 of 3
Updated daily
Name Product Finder Score Purchases Balance transfers Annual/monthly fees Representative APR Incentive Link
NatWest Travel Reward Credit Card Visa
NatWest Travel Reward Credit Card Visa
4.3
★★★★★
27.9%
27.9%
(0% fee)
£0
27.9% APR (variable)
Earn 1% in Rewards on eligible travel spending and up to 15% on monthly offers from chosen partner retailers. Earn 0.1% everywhere else. Rewards can be converted into money and transferred to a current account, exchanged for e-codes with some retailers worth more than the cash or converted into money and donated to one of the RBS Group chosen charities.
Representative example: When you spend £1,200 at a purchase rate of 27.9% (variable) p.a., your representative rate is 27.9% APR (variable).
Read review
NatWest Reward Credit Card
NatWest Reward Credit Card
3.7
★★★★★
25.9%
25.9%
(0% fee)
£24 per annum. Reward Current Account holders: £0 per annum
31% APR (variable)
You'll earn 1% back at supermarkets and 0.25% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.
Representative example: When you spend £1,200 at a purchase rate of 25.9% (variable) p.a. with a fee of £24 per annum. Reward Current Account holders: £0 per annum, your representative rate is 31% APR (variable).
Read review
NatWest Reward Black Credit Card
NatWest Reward Black Credit Card
4.3
★★★★★
21.9%
21.9%
(0% fee)
£84 per annum. Reward Black Current Account holders: Year 2 onwards - £0 per annum
40.7% APR (variable)
You'll earn 1% back at supermarkets and 0.5% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £84 per annum. Reward Black Current Account holders: Year 2 onwards - £0 per annum, your representative rate is 40.7% APR (variable).
Read review
loading

How do you redeem NatWest MyRewards?

Once you’ve earned at least 5 points (the equivalent of £5), you can redeem them online by logging in to your NatWest MyRewards account. You have three main options:

  • Cash. You can turn your points into cash and deposit it into your current account or use it to reduce your credit card debt.
  • Vouchers. You can convert your points into NatWest partner gift cards. Thanks to the “trade up” feature, at certain retailers, your points can be worth more than just £1 each. It will depend on the offer, but, for example, a £40 voucher at one of NatWest’s partner retailers might only cost you 30 MyRewards points.
  • Charity donations. You can donate your points to selected charities.

Pros and cons

  • You earn points every time you use your credit card, no matter where.
  • Points acquire greater value if you redeem them at NatWest “trade up” partners.
  • Flexibility – you can redeem your points for cash or gift cards, or make a donation.
  • You can choose a no foreign transaction fee card.
  • Interest rates are relatively high.
  • There’s an annual fee, although NatWest will pay it back if you have a NatWest current account as well.
  • Many vouchers expire within a year or less.

Bottom line

Earning rewards with a credit card is great, but make sure to check the annual fees, terms, and conditions to ensure the card’s overall value fits your preferences and budget. If NatWest isn’t the provider for you, there are many other rewards credit cards to compare.

NatWest retail partners for earning and redeeming points

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 has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Chris Lilly's headshot
Written by

Head of publishing

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise
Chris has written 612 Finder guides across topics including:
  • Loans & credit cards
  • Building credit
  • Financial health
More resources on Finder

More guides on Finder

Go to site