In this guide

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

NatWest Purchase & Balance Transfer Credit Card review

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NatWest Purchase & Balance Transfer Credit Card
Finder score
Representative example:
When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
0% interest on balance transfers
19 months
0% interest on purchases
19 months
Account fee

Our verdict

To take advantage of this 19-month 0% transfer period, the card debt you want to transfer will need to be held outside of the NatWest Group, including RBS and Ulster.

With a representative APR of 24.9% and no annual fees, the NatWest Purchase & Balance Transfer Credit Card is a competitive all-rounder.

But the main reason to consider this card is the headline-grabbing 19-month 0% balance transfer period, plus the 0% rate on purchases for the first 19 months.

While there are limits around the balances you can transfer (a maximum of 95% of your available credit limit, which must be transferred within the first 3 months), this is the longest 0% period currently on the market.

The card debt that you bring across will need to be from a card held outside the NatWest Group (that's NatWest, RBS, Ulster Bank and, er, Coutts).

Keep in mind that you'll need to pay a fee on any balance transfer, which may rule out anyone looking to transfer a particularly large balance.


  • Almost 2 years to spread the cost of purchases
  • No annual fee
  • Available to new customers
  • Customers report excellent customer service when dealing with NatWest
  • Almost 2 years of 0% interest to focus on reducing existing card debt


  • Minimum annual income requirement of £10000
  • Don't forget that balance transfer fee! If cutting the interest on existing card debt is your main reason for considering this card, check out no-fee deals first

In this guide

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


Product overview

Issuer NatWest
Network Mastercard
Annual/monthly fees £0
Balance transfers 0% for 19 months reverting to 24.9%
Balance transfer fee 2.99%
Purchases 0% for 19 months reverting to 24.9%
Purchases interest-free period Up to 56 days
Money transfers 26.9%
Cash advances 26.9%
Minimum credit limit £250
Maximum credit limit Subject to status
Additional cards available 3
Potential costs 3.5 ★★★★★
Doing its job 4.0 ★★★★★
Extras 2.5 ★★★★★
Overall Finder score 4.0 ★★★★★

Fees and charges

Minimum monthly payment 1% or £5 (whichever is greater) or the total of any interest, default fees and charges, 1/12th of annual fee plus 1% of the outstanding balance or double the amount of that month's interest and any default charges, plus any instalment plan fee(s), plus £1.
Annual/monthly fees £0
Balance transfer fee 2.99%
Money transfer fee 3%
Foreign usage charge (EU) 2.75%
Foreign usage charge (rest of world) 2.75%
Cash advance fee 3% (min. £3)
Late payment fee £12
Duplicate statement fee £3
Exceeding limit fee £12
Additional card fee £0
Dormancy fee £0

Application requirements

Minimum Age 18
Minimum income £10,000
Availability Available to new customers

The NatWest Purchase & Balance Transfer Credit Card is issued on the Mastercard network so it's accepted at more than 50 million merchant locations across more than 210 countries and territories.

Approval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow. Most of the data in Finder's comparison tables is provided by Moneyfacts.

Repayment options

You can make manual repayments through NatWest's app by logging in to your online banking or over the phone (0345 788 8444). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and losing your promotional interest rate as a result (as well as damaging your credit score and incurring the late payment fee of £12). You could use a fixed-amount direct debit to ensure you've cleared your debt before the 0% period expires – simply divide your outstanding balance by 19 to see what you'll need to pay each month (this assumes you don't use the card for additional spending).

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

If you've compared cards and settled on the NatWest Purchase & Balance Transfer Credit Card, you can head over to NatWest's secure online application to apply. Don't forget, you'll need to be over 18 and a UK resident to apply, with an income of at least 10000. You can request a balance transfer as part of your application.

Frequently asked questions

What credit limit will I get with the NatWest Purchase & Balance Transfer Credit Card?

If NatWest offers you this deal, it will specify a personalised credit limit based on NatWest's assessment of your situation. The minimum limit offered on this card is £250, and NatWest does not specify a maximum. Once you've had the card for a while and shown NatWest you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the NatWest Purchase & Balance Transfer 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 NatWest Purchase & Balance Transfer Credit Card is 3% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250 and you'll incur a fee of £7.50.

The interest rate on this part of your balance will be 26.9%, which is 8% more than the standard purchase rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

Can I transfer a balance from another NatWest-branded card to the NatWest Purchase & Balance Transfer Credit Card?

No. NatWest doesn't accept balance transfers from credit cards issued through the NatWest group, which (as well as NatWest) includes Ulster Bank, RBS and Coutts.

How much does it cost to use the NatWest Purchase & Balance Transfer Credit Card abroad?

Non-sterling transactions are subject to a 2.75% charge. For example, if you spend 200 euros (£172.59), it'll cost you around £4.75 in fees.

Can I transfer money from the NatWest Purchase & Balance Transfer Credit Card to a bank account?

Yes. That's what's known as a "money transfer" (rather than a "balance transfer") in credit card jargon. You can arrange this from your online banking or using NatWest's app. This part of your card balance will incur interest of 26.9%. The fee for a money transfer is 3%.

Finder credit card scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score balance transfer cards to determine their value against similar products on the market. We look at a number of important factors, like the length of the balance transfer offer, the balance transfer fee, any restrictions to making a transfer, 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.

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.
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