New Natwest/RBS reward credit card with 0% dealReward points and 13 months interest-free
04 July 2011
RBS and NatWest have launched a new credit card, the World MasterCard, which offers rewards through the group's YourPoints reward programme, as well 13-month 0% deals on purchases and balance transfers.
Available online and only to RBS and NatWest current account customers, the new reward credit card pays one point for every £1 spent. 1,000 points are equivalent to £5 in rewards, a reward rate of 0.5%.
The credit card offers a 0% deal of 13 months on both purchases and balance transfers. There is a 2.9% balance transfer fee (minimum £5) and the standard APR on the card is 17.9% once the 0%-on-purchases deal has expired.
The YourPoints scheme allows customers to earn rewards on all purchases. These can be redeemed with brands including ebookers.com, easyJet, M&S, Boots, amazon.co.uk and Harvey Nicols. 2,500 bonus YourPoints, worth £12.50, are paid on application and every year thereafter.
Strong all-round credit card deal for existing customers
Which? credit card expert Martyn Saville commented: 'The individual elements of this NatWest/RBS credit card can be beaten by other providers. For example, other companies offer 0% balance transfer deals of up to 20 months, 0% purchase deals of up to 15 months and reward rates of up to 5% in-store and 1% elsewhere.
'However, the NatWest and RBS card could be a very good choice for anyone who wants all of these aspects in one card. The 0% deal of 13 months on both purchases and balance transfers is strong, while it is still relatively unusual for cards that offer long 0% deals to also offer rewards, so any cashback is a bonus. It would be even better if the cards were available to non-customers as well, though.'
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