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.
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, Ernest Jones, ATG Tickets, H. Samuel or Jamie’s Italian). For example, if you spend £100 on your supermarket shopping, you would earn 1 reward point, worth £1.
You’ll earn 0.5% 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
RBS retailer partners for earning and redeeming points
More guides on Finder
Capital on Tap Business Credit Card review
Earn Avios or cashback on all your business spending with this business Visa from challenger Capital on Tap.
Compare the best business credit cards of 2021
Saving time on expense reports and streamlining your cash flow are just a couple of the many perks you could enjoy with a business credit card. Compare interest rates and check your eligibility today.
5 Nectar points hacks for 2021 and how to convert them to Avios
Find out how to boost your Nectar points and then convert them to Avios points to splash on a summer getaway.
gohenry vs Osper: Fees, features and more
Both gohenry and Osper are suitable for parents looking for a children’s prepaid card that comes with great parental control options. We compare their features and fees to help you choose the best for you.
Best credit cards for building credit
All credit cards benefit your credit history when you use them correctly, but these picks aim to support you on your journey to better credit.
Best first credit cards
If you’re looking to take out your first credit card, it can be hard to know what to look for. Here’s what you need to do to find the first credit card that’s best for you.
Sainsbury’s Bank Nectar Reward Credit Card review 2021
With a generous rewards points scheme and 0% balance transfer period, the Sainsbury’s Bank Nectar credit card is a well-rounded and low-cost reward card.
The Best American Express credit cards of April 2021
Looking for the best American Express Credit credit card? Here’s our guide to Amex’s best in class cards for cashback, rewards and more.
The best cashback credit cards of 2021
Cashback credit cards let you earn money back on every purchase you make, but which one has the best cashback offer, as well as the best rate?
The best balance transfer credit cards of 2021
Here’s how you can get the best deal on a balance transfer credit card, from finding the longest 0% periods to getting the lowest fees.
Ask an Expert