When planning your next adventure, the right credit card can make all the difference. The NatWest Travel Reward Credit Card offers a perfect blend of benefits for those who love to travel, making it an excellent companion for your journeys. With an array of rewards tailored specifically for travel enthusiasts, this card promises to enhance your holiday experiences, making every purchase more rewarding.
From earning cash back on travel-related expenses to enjoying fee-free purchases abroad, the NatWest Travel Reward Credit Card is designed to provide value and convenience for globetrotters. Let’s dive into the details of what makes this card stand out and how it can benefit you.
Key information about the credit card
How does the annual fee work?
One of the most appealing aspects of the NatWest Travel Reward Credit Card is its lack of an annual fee. Many credit cards come with yearly fees that can sometimes outweigh the benefits they offer, but that’s not the case here. The absence of an annual fee means you can take full advantage of the card’s rewards program without worrying about offsetting your earnings with a yearly cost.
How is the credit limit determined?
The credit limit on the NatWest Travel Reward Credit Card is determined through a careful assessment of your financial situation. NatWest evaluates several factors, including your credit history, income, and overall financial health, to establish a credit limit that aligns with your ability to manage debt responsibly.
Advantages of the credit card
- 1% cashback on eligible travel spending: Earn rewards on a variety of travel expenses, from flights to hotels, making your journeys more rewarding.
- Up to 15% cashback at selected partner retailers: Shop with confidence and earn significant rewards at participating stores.
- No foreign transaction fees: Enjoy fee-free purchases abroad, allowing you to spend more on what matters most—your travel experiences.
- No annual fee: Benefit from all the perks without the burden of an annual fee, making it easier to maximize your rewards.
Standout advantage
One of the most significant advantages of the NatWest Travel Reward Credit Card is the absence of foreign transaction fees. This feature sets the card apart from many others on the market, as it allows you to make purchases abroad without incurring additional costs. For frequent travelers, this can result in substantial savings, making your international shopping and dining experiences even more enjoyable.
Disadvantages
- Higher variable APR: With a representative APR of 27.9%, the interest rates can be higher than some other cards, making it crucial to pay off your balance in full each month.
- Limited reward categories: The cashback rewards are focused primarily on travel and select partner retailers, which may not be ideal for those whose spending doesn’t align with these categories.
- Cash withdrawal fees: While purchases abroad are fee-free, withdrawing cash or taking cash advances can still incur fees, which could diminish the overall value of the card.
A standout disadvantage
The higher variable APR of 27.9% is a notable drawback of the NatWest Travel Reward Credit Card. This interest rate is above average and can lead to significant interest charges if you carry a balance from month to month. For cardholders who plan to revolve their balance, this higher APR could outweigh the benefits of the rewards, making it more challenging to justify using the card for everyday purchases.
Who can apply for this card?
To be eligible for the NatWest Travel Reward Credit Card, applicants must meet several criteria. First and foremost, you must be a UK resident and at least 18 years old. Additionally, you need to have a minimum annual income of £10,000. This income threshold ensures that applicants have the financial stability to manage credit responsibly.
The card is available to individuals with a fair to good credit score, so having a healthy credit history is important for approval. Moreover, the card is not explicitly marketed towards individuals with poor credit or those who are currently bankrupt, so it may not be the best option for those looking to rebuild their credit.
NatWest conducts a thorough credit check during the application process, which means that if you have a history of missed payments or defaults, your application might be declined. It’s always a good idea to check your eligibility using the bank’s online tool before applying, as this won’t affect your credit score and can give you an idea of whether you’re likely to be approved.
How to apply for the NatWest Travel Reward Credit Card
For the website
To apply through the NatWest website, simply visit the credit card section and select the Travel Reward Credit Card. From there, you’ll be guided through a series of questions designed to assess your eligibility and gather the necessary information for your application. The online application process is user-friendly and typically takes less than 10 minutes to complete.
You’ll need to provide personal details, including your name, address, income information, and employment status. After submitting your application, you’ll receive a decision, and if approved, your card will be sent to you within a few business days.
Through the app
If you prefer to apply using your smartphone, the NatWest mobile app provides a seamless application process. Start by logging into the app and navigating to the credit card section. From there, you can select the Travel Reward Credit Card and begin your application.
The app will walk you through the same questions as the website, but with the added convenience of completing your application from anywhere. You’ll need to provide the same information, and once your application is submitted, you can track its progress directly through the app.
At the branch
For those who prefer a more personal touch, applying in person at a NatWest branch is also an option. Visit your local branch and speak with a representative who can assist you with the application process. They will help you fill out the necessary forms and answer any questions you may have about the card.
This method is ideal for individuals who want additional guidance or have specific concerns they would like addressed before applying. Once your application is complete, the branch will submit it on your behalf, and you can expect to receive your card in the mail shortly thereafter.
