In this guide

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

NatWest Reward Credit Card review

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NatWest Reward Credit Card
3.7
★★★★★
Finder score
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).
Balance transfer fee
0%
Interest-free each billing period
Up to 56 days
Minimum credit limit
£250

Our verdict

Get rewarded as you spend with points that can be converted into cash, vouchers or charitable donations.

This straightforward rewards card from NatWest earns you points as you spend on anything from everyday groceries to clothes to meals out (you’ll even earn rewards when you use your card overseas). There’s no limit to the amount of rewards you can earn, and they can be turned into cash, shopping vouchers or even charitable donations.

You’ll need to weigh up whether the potential rewards you could earn would outweigh the annual fee (although you’ll avoid this altogether if you’re an existing NatWest Reward current account holder).

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 need the card for a major upcoming expense, then you may wish to consider a 0% purchases card instead.

Pros

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

Cons

  • Annual fee
  • Minimum annual income requirement of £10,000
  • Applicants with low credit scores are unlikely to be eligible
  • You may be offered an opening credit limit as low as £250

In this guide

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

Details

Product overview

Issuer NatWest
Network Mastercard
Representative APR 31% APR (variable)
Annual/monthly fees £24 per annum. Reward Current Account holders: £0 per annum
Loyalty scheme Rewards
Incentive 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.
Purchases 25.9%
Purchases interest-free period (days) 56
Balance transfers 25.9%
Potential costs 3.5 ★★★★★
Doing its job 3.6 ★★★★★
Extras 4.7 ★★★★★
Overall Finder Score 3.7 ★★★★★

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 £24 per annum. Reward Current Account holders: £0 per annum
Balance transfer fee 0%
Money transfer fee 0%
Foreign usage charge (EU) 2.75%
Foreign usage charge (rest of world) 2.75%
Cash advance fee 3% (min. £0)
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 Reward 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.

How does it compare?

NatWest's card

1 - 1 of 1
Name Product Finder Score Finder score Max. intro bonus Earn-rate with brand Default earn-rate Annual/monthly fees Representative APR Link Incentive Representative example
NatWest Reward Credit Card
3.7
★★★★★
★★★★★
Expert analysis
N/A
1 point per £1 spent
1 point per £4 spent
£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).
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Other popular reward cards

Table: sorted by representative APR, promoted deals first
1 - 4 of 49
Name Product Finder Score Finder score Max. intro bonus Earn-rate with brand Default earn-rate Annual/monthly fees Representative APR Link Incentive Representative example
M&S Bank Credit Card Purchase Plus Offer Mastercard
4.1
★★★★★
★★★★★
Expert analysis
N/A
1 point per £1 spent
1 point per £1 spent
£0
24.9% APR (variable)
Check eligibility
1 point per £1 spent with M&S and 1 point per £5 spent elsewhere. Enjoy 55 days interest free, preferential rates plus no cash advance fee when buying M&S travel money with the card.
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).
M&S Bank Credit Card Transfer Plus Offer Mastercard
3.9
★★★★★
★★★★★
Expert analysis
N/A
1 point per £1 spent
1 point per £5 spent
£0
24.9% APR (variable)
Check eligibility
1 point per £1 spent with M&S and 1 point per £5 spent elsewhere. Enjoy 55 days interest free, preferential rates plus no cash advance fee when buying M&S travel money with the card.
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).
Santander All in One Credit Card
4.5
★★★★★
★★★★★
Expert analysis
N/A
0.5% cashback
0.5% cashback
£3 per month
29.8% APR (variable)
Check eligibility
0.5% after £1 of monthly spend. Maximum of £10 cashback paid per month. Cashback paid monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit. Every time you spend abroad in the local currency using your Santander debit or credit card between 18 June to 15 September 2024, you'll be entered into a prize draw to win 1 of 18 travel vouchers each worth £5,000 each. T&Cs apply.
Representative example: When you spend £1,200 at a purchase rate of 23.9% (variable) p.a. with a fee of £3 per month, your representative rate is 29.8% APR (variable).
Amex® Cashback Everyday Credit Card
3.8
★★★★★
★★★★★
Expert analysis
£100
1% cashback
1% cashback
£0
31% APR (variable)
Check eligibility
Welcome offer: Get 5% cashback on your purchases (up to £100) for the first 3 months of Cardmembership. Terms and minimum spend apply. 18+, subject to status.
Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a., your representative rate is 31% APR (variable).
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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 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 for the NatWest Reward Credit Card

If you've compared cards and settled on the NatWest Reward Credit Card, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you'll need to make the process as straightforward as possible.

Frequently asked questions

What credit limit will I get with the NatWest Reward 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 Reward 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 Credit Card is 3%.

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).

How much does it cost to use the NatWest Reward Credit Card abroad?

Non-sterling transactions are subject to a 2.75% charge. For example, if you spend 200 euros (£168.18), it'll cost you around £4.62 in fees.

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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