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.

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Chris Lilly

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NatWest

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
3 of 3 results
Updated daily
Finder Score Purchases Balance transfers Annual/monthly fees Representative APR Key benefit Representative example
NatWest Travel Reward Credit Card image
9.4Excellent
NatWest Travel Reward Credit Card
9.4Excellent
27.9%
27.9%
£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: Representative 27.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 27.9% p.a. (variable).
View details
Compare product selection
NatWest Reward Credit Card image
6.3Standard
NatWest Reward Credit Card
6.3Standard
25.9%
25.9%
£24 per year
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: Representative 31% APR variable. Based on £24 annual fee, assumed borrowing of £1,200. Rate of interest 25.9% p.a. (variable).
View details
Compare product selection
NatWest Reward Black Credit Card image
9.4Excellent
NatWest Reward Black Credit Card
9.4Excellent
21.9%
21.9%
£84 per year
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: Representative 40.7% APR variable. Based on £84 annual fee, assumed borrowing of £1,200. Rate of interest 21.9% p.a. (variable).
View details
Compare product selection
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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 methodology

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

Our “Best for” picks highlight top options in specific categories based on our independent evaluation (see our full methodology), while “Promoted” tags indicate sponsored placements. Selected products may not suit everyone. We track selected market offers, which may not cover every product. Products are listed in no particular order unless specified, and inclusion or ordering may be influenced by popularity or commercial agreements. Most comparison table data is provided by Defaqto or sourced directly from providers. Always evaluate your own circumstances and consider independent advice before making major financial decisions.
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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 502 Finder guides across topics including:
  • Loans & credit cards
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