In this guide

  • Our verdict
  • Details
    • Product overview
    • What are the fees and charges for the Reward Black Card?
    • What are the application requirements for the Reward Black Card?

NatWest Reward Black Credit Card review

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NatWest Reward Black Credit Card
Finder score
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).
Foreign transaction charge
Balance transfer fee
Interest-free each billing period
Up to 56 days

Our verdict

Earn reward points as you spend and avoid fees when you use your card abroad.

This premium NatWest card earns reward points at a respectable rate on spending both at home and abroad. And if you are heading overseas, you’ll also benefit from Mastercard exchange rates on non-sterling transactions (card issuers normally add their own fee or margin on top of this).

Reward points can be converted into cash, vouchers or even charitable donations. However, you’ll need to weigh up if the rewards you might earn will outweigh the annual fee, which is waived for NatWest Reward Black Current Account holders.

Similarly, if you anticipate carrying a balance on the card from month to month, then what you'll pay in interest will probably outweigh any rewards you'll earn. If you clear your balance in full each month, then you won't pay interest on purchases – you'll benefit from up to 56 days of 0% interest each billing cycle. This doesn't apply to cash advances, but it does apply to overseas transactions – which isn't always the case.


  • Customers report excellent customer service when dealing with NatWest
  • Earn points on day-to-day spending


  • Annual fee
  • Minimum annual income requirement of £15,000
  • Applicants with low credit scores are unlikely to be eligible

In this guide

  • Our verdict
  • Details
    • Product overview
    • What are the fees and charges for the Reward Black Card?
    • What are the application requirements for the Reward Black Card?


Product overview

Issuer NatWest
Network Mastercard
Representative APR 40.7% APR (variable)
Annual/monthly fees £84 per annum. Reward Black Current Account holders: Year 2 onwards - £0 per annum
Loyalty scheme Rewards
Incentive 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.
Additional Rewards Info Call priority servicing
Purchases 21.9%
Purchases interest-free period (days) 56
Balance transfers 21.9%
Potential costs 3.5 ★★★★★
Doing its job 5.0 ★★★★★
Extras 3.5 ★★★★★
Overall Finder score 4.0 ★★★★★

What are the fees and charges for the Reward Black Card?

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 £84 per annum. Reward Black Current Account holders: Year 2 onwards - £0 per annum
Balance transfer fee 0%
Money transfer fee 0%
Foreign usage charge (EU) 0%
Foreign usage charge (rest of world) 0%
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

What are the application requirements for the Reward Black Card?

Minimum Age 18
Minimum income £15,000
Residency UK resident
Availability Available to new customers

The NatWest Reward Black 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.

The bottom line

With the dual benefit of fee-free overseas spending and a flexible reward points scheme, the NatWest Rewards Black credit card is a relatively premium credit card that could suit high-spending frequent travellers.

However, unless you’re an existing NatWest Reward Black current account customer, you’ll need to pay an £84 annual fee, which can put a big dent in any value you might be getting from your reward points, especially if you don’t use your card that often.

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 either damaging your credit score, getting hit with a penalty fee (£12) 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

If you've compared cards and settled on the NatWest Reward Black 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 15000.

Frequently asked questions

What credit limit will I get with the NatWest Reward Black 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 £5,000, 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 Reward Black 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 Reward Black 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% (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

Finder credit card scores

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

Our experts score rewards credit cards to determine their value against similar products on the market. We look at a number of important factors, like welcome bonuses, introductory and ongoing earn-rates, any caps or restrictions on the points you can earn, 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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