RBS Student Credit Card review

This card is no longer available, but you can use our review to find alternatives.

The RBS Student Credit Card has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to compare similar cards from other issuers.

Finder rating: ★★★★★

Representative example: When you spend £500 at a purchase rate of 18.95% (variable) p.a., your representative rate is 18.9% APR (variable).

£250

Minimum credit limit

Up to 56 days

Interest-free each billing period

18.9%

Representative APR

£0

Account fee

Details

IssuerRoyal Bank of Scotland
NetworkMastercard
Annual/monthly fees£0
Min credit limit£250
Max credit limitSubject to status: £500
Purchases18.95%
Purchases interest-free period (days)56
Balance transfers18.95%
Additional cards available1

Review by


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.

Expert review

This RBS card comes with a low credit limit and no annual or monthly fee, which is pretty standard for a student card.

Student cards also typically don’t have the most competitive rates around (in part due to the limited credit histories of many of the card’s users), though if you clear your balance in full each month, you’ll be able to take advantage of up to 56 days of 0% interest on your purchases, potentially offering you a buffer until your next student loan payment comes through.

It’s smart to be cautious about taking out a credit card while studying. If your income is minimal and paid infrequently, be realistic about how quickly you’ll be able to pay off any borrowing. On the plus side, if you don’t carry a balance from month to month and you use this card responsibly, it could help you to handle fluctuating costs and help you start building a positive credit history, standing you in good stead for future borrowing.

Pros and cons

Pros

  • Since it's a student card, you aren't required to have a super-high credit score in order to be approved
  • Up to 56 days to spread the cost of purchases (provided you pay off your balance in full each month)
  • No annual fee

Cons

  • To apply, you must hold a student bank account with Royal Bank of Scotland

Other student deals

Table: sorted by representative APR, promoted deals first
Name Product Purchases Annual/monthly fees Initial credit limits Representative APR Link Incentive Representative example
AIB Student Credit Card
12.9%
£0
Min. limit £300, max. limit not specified.
12.9% APR (variable)
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).
HSBC Student Credit Card Visa
18.9%
£0
Min. limit £250, max. limit £500.
18.9% APR (variable)
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
Representative example: When you spend £500 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
TSB Student Credit Card
21.95%
£0
Min. limit £500, max. limit £1,000.
21.9% APR (variable)
Representative example: When you spend £1,000 at a purchase rate of 21.95% (variable) p.a., your representative rate is 21.9% APR (variable).
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Compare up to 4 providers

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.

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 damaging your credit score – making it harder and more expensive to borrow money in the future – and getting hit with a penalty fee (£12) 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 RBS Student Credit Card

Sorry – Royal Bank of Scotland is no longer accepting applications for this card. However you may wish to consider one of the alternatives listed above.

Frequently asked questions

What credit limit will I get with the RBS Student Credit Card?

If Royal Bank of Scotland is able to offer you this deal, the offer will specify a personalised credit limit based on Royal Bank of Scotland's assessment of your situation. The minimum limit offered on the card is £250, while the maximum is £500. Once you've had the card for a while and shown Royal Bank of Scotland that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the RBS Student 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 RBS Student Credit Card is 3%.

The interest rate on this part of your balance will be 27.95%, which is 48% 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 much does it cost to use the RBS Student Credit Card abroad?

Non-sterling transactions are subject to a 2.75% charge. For example, if you spend 200 euros (£167.04), it'll cost you around £4.59 in fees.

Do I need to be an existing Royal Bank of Scotland customer to apply for the RBS Student Credit Card?

Yes, you must already hold a Royal Bank of Scotland student bank account.

What does "Up to 56 days interest-free" on purchases mean?

Almost all credit cards offer you a "grace period" in which to settle your purchases. But to enjoy this feature, you have to clear your full balance each month (cash withdrawals and non-sterling transactions sadly tend not to benefit from this feature).

Let's say you make a purchase using the RBS Student Credit Card on the 1st day the month. Shortly after the end of the month you receive your statement and bill from Royal Bank of Scotland which needs to paid by, say, the 25th of the month. If you then pay off your balance in full on the 25th, you won't be charged interest on that purchase and you'll have enjoyed 56 days interest-free.

Finder credit card ratings

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Our experts score student credit cards to determine their value against similar products on the market. We look at a number of important factors, like credit limits, flexibility, 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.

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