Royal Bank of Scotland

RBS credit card points

All you need to know about the Royal Bank of Scotland (RBS) MyRewards scheme, including how to earn points on your credit card, where to redeem and other benefits.

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Chris Lilly
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RBS runs a scheme called MyRewards through its rewards current accounts and rewards credit cards. You can collect points which can be redeemed for cash back, vouchers or gift cards for partner retailers or charitable donations. This scheme was formerly known as Cashback Plus.

Five rewards points are worth £5.

How do you earn RBS MyRewards?

You can earn 1% in reward points on your supermarket shopping and on shopping at RBS’s partner retailers (currently including Caffe Nero, Waitrose, Morrisons, Sky and P&O Ferries). For example, if you spend £100 on your supermarket shopping, you would earn 1 reward point, worth £1.

You’ll earn 0.25% everywhere else you use your card, including at supermarket petrol stations. For example, if you spent £50 on petrol, you would earn 0.25 reward points, worth 25p.

How do you redeem RBS MyRewards?

You can choose to redeem your MyReward points as cash back in your bank account or gift cards to spend at an eligible partner retailer.

Your points can be worth even more with the “trade up” rewards feature, offered from time to time for specific partner retailers. For example, £10 worth of MyRewards could be exchanged for a £15 voucher for a particular partner retailer.

Alternatively, you may wish to donate your points to a chosen charity.

Pros and cons

  • Big redeem potential through MyReward “trade up”.
  • Charitable donations option.
  • Depending on the card you choose, you may be able to take advantage of 0% fees on foreign transactions
  • Flexible – choose between cash back, vouchers or donations.
  • Annual fee (although this is refunded if you also have an RBS Rewards current account).
  • Expiry date on vouchers.
  • Relatively high interest rates.

Compare credit cards that earn RBS reward points

Table: sorted by representative APR, promoted deals first
Data updated daily
Name Product Purchases Balance transfers Annual/monthly fees Representative APR Incentive Link
Royal Bank of Scotland Reward Credit Card Mastercard
Royal Bank of Scotland Reward Credit Card Mastercard
21.9%
21.9%
(0% fee)
£24 per annum. Reward or Reward Black Current Account holders: £0 per annum
26.8% APR (variable)
1% Rewards earned on supermarket spend and 0.25% at their petrol stations, at least 1-15% 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.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £24 per annum. Reward or Reward Black Current Account holders: £0 per annum, your representative rate is 26.8% APR (variable).
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Royal Bank of Scotland Reward Black Credit Card Mastercard
Royal Bank of Scotland Reward Black Credit Card Mastercard
21.9%
21.9%
(0% fee)
£84 per annum. Reward Black Current Account holders: £0 per annum
40.7% APR (variable)
1% Rewards earned on supermarket spend and 0.5% at their petrol stations, at least 1-15% Rewards earned at MyRewards retailers and 0.5% 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.
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: £0 per annum, your representative rate is 40.7% APR (variable).
Read review
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RBS retailer partners for earning and redeeming points

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