Approval for any credit card will depend on your status. The APR shown represents 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.
NatWest Reward Credit Card review 2020
Get rewarded as you spend with points that can be converted into cash, vouchers or charitable donations.
You say: ★★★★★We say: ★★★★★
Doing its job: 3.5/5
In a nutshell:
Balance transfer fee
Up to 56 days
Interest-free each billing period
Minimum credit limit
|Annual/monthly fees||£24 per annum. Reward or Reward Black Current Account holders: £0 per annum|
|Balance transfer fee||0%|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£300|
|Max credit limit||Not specified|
|Additional cards available||1|
|Incentive||1% Rewards earned on supermarket spend and 0.25% at their petrol stations, at least 1% Rewards earned at MyRewards retailers and 0.25% everywhere else when shopping at home and abroad. 5 Rewards is £5 when redeemed. Rewards can be converted into money and transferred to a current account, exchanged for gift cards or tickets with some retailers doubling their value or converted into money and donated to one of the RBS Group chosen charities.|
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.
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 and cons
- Earn points on day-to-day spending
- Annual fee
- Minimum annual income requirement of £10,000
- Applicants with low credit scores are unlikely to be eligible
- Only available to existing customers
How does this card compare with other rewards cards on the market?
When it comes to repayments, you can make manual repayments online or over the phone (0345 788 8444), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee 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 want to apply, 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.