In this guide

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

The Royal Bank Credit Card review

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The Royal Bank Credit Card
Finder score
Representative example:
When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
Balance transfer fee
Foreign transaction charge
Account fee

Our verdict

Existing RBS customers can keep interest lows while avoiding fees when travelling with an RBS credit card.

A very respectable option for people who don't really want to have to think about their credit card, this deal is all about versatility and value over the long run.

You won't find any headline-grabbing introductory 0% deals here – which is great if you don't want the hassle of having to remember to switch cards after an introductory offer expires. Instead, this card comes with ongoing low (albeit variable) rates on purchases and balance transfers.

The downside of this is that if you're transferring a balance or anticipating a large upcoming expenditure (or both), there are undoubtedly cheaper deals out there. Similarly, if you're all about the rewards and perks, there are more specialised cards available on the market.

If you already have outstanding debt on a card elsewhere, there's no fee to bring it across to RBS. It'll start accruing interest straightaway, however, so if you don't anticipate clearing it sharpish, consider a 0% balance transfer deal instead.

Perhaps the biggest selling point of this card is the fact that there are no fees for using it abroad – currencies are converted at the standard Mastercard rates – making it a hard-to-beat longer-term bet for use at home and on holiday.


  • Customers report excellent customer service when dealing with Royal Bank of Scotland
  • A low ongoing interest rate (variable)
  • No 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

The imaginatively-named Royal Bank Credit Card is a handy card to carry both at home and abroad – having low rates, no annual fee and no fees for foreign transactions.


Product overview

Issuer Royal Bank of Scotland
Network Mastercard
Annual/monthly fees £0
Balance transfers 12.9%
Balance transfer fee 0%
Purchases 12.9%
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 4.5 ★★★★★
Doing its job 5.0 ★★★★★
Extras 1.5 ★★★★★
Overall Finder score 4.5 ★★★★★

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; double the amount of that month's interest and any default charges, plus any instalment plan fee(s), plus £1; or the excess over your credit limit after deducting any overdue amounts from previous statements.
Annual/monthly fees £0
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

Application requirements

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

The Royal Bank 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 Royal Bank of Scotland's app by logging in to your online banking or over the phone (0345 724 2424). 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 Royal Bank Credit Card

If you've compared cards and settled on The Royal Bank Credit Card, you can head over to Royal Bank of Scotland'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.

Frequently asked questions

What credit limit will I get with The Royal Bank Credit Card?

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

Can I withdraw cash using The Royal Bank 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 Royal Bank 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 109% 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).

How long does it take to receive the card?

You’ll know whether or not your application has been approved within 5 minutes of submission. As long as it’s approved, RBS states your shiny new card will be with you in 5-7 working days.

Do I need to be an existing RBS customer?

No, and if you have card debt elsewhere, you may decide to apply for a balance transfer.

Will I pay fees on cash withdrawals overseas?

Yes. While RBS doesn’t charge a fee for non-sterling transactions using this card, withdrawing cash abroad will incur a fee (and the ATM owner may add its own fee on top too). Find out more about using a credit card overseas.

How do I change my credit card limit?

You can do this through internet banking by selecting “Cards” from the main menu. In the “Manage your personal credit card” section select “Manage your credit card limit”. Add your annual income, requested credit limit and the last 5 digits of your card. Finally, select “submit”. Alternatively, you can call a customer advisor (0345 724 2424).

Finder credit card scores

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

Our experts score low rate credit cards to determine their value against similar products on the market. We look at a number of important factors, like exactly how low the low rate is, any perks/benefits, 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 is provided by Moneyfacts.
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