Approval for any credit card will depend 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.
The NatWest Credit Card (existing customers only) review 2021
Keep your interest low while avoiding fees whenever you travel with the NatWest credit card.
The imaginatively-named NatWest 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.
You say: ★★★★★We say: ★★★★★
Doing its job: 5/5
In a nutshell:
Balance transfer fee
Foreign transaction charge
|Balance transfer fee||0%|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£250|
|Max credit limit||Not specified|
|Additional cards available||1|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
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 NatWest. 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.
The NatWest Credit Card (existing customers only) is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.
Pros and cons
- Customers report excellent customer service when dealing with NatWest
- Avoid currency conversion charges when spending abroad
- No annual fee
- Minimum annual income requirement of £10,000
- Applicants with low credit scores are unlikely to be eligible
- Only available to existing customers
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 Credit Card
First, you can use Finder's eligibility checker to find out if you'd be likely to get approved for The NatWest Credit Card (existing customers only). This won't impact your credit score. If it's good news, you can then proceed to NatWest's online application, which takes 10-15 minutes to complete.
Frequently asked questions
What credit limit will I get with The NatWest Credit Card (existing customers only)?
If NatWest is able to offer you this deal, the offer 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 that you're reliable, you may wish to apply for a credit limit increase.
Can I withdraw cash using The NatWest Credit Card (existing customers only)?
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 Credit Card (existing customers only) 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 purchases 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, NatWest states your shiny new card will be with you in 5-7 working days.
Do I need to be an existing NatWest customer?
Yes – you’ll need to already hold a current account, savings account, credit card or mortgage with NatWest.
Will I pay fees on cash withdrawals overseas?
Yes. While NatWest 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 or mobile 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 788 8444).