If you are looking to sign up with a new bank, there are plenty of options out there for you to choose from. With that being said, only a handful of companies will actually offer the services that you are looking for.
Natwest is a popular international bank that may just meet all your needs and wants. In fact, their credit card is often discussed as the ideal everyday spending card. In this article, we will be discussing everything that there is to know about this card, including how you can apply.
- What Is the Natwest Card?
- How to Apply for the Natwest Card
- Main Features of the Natwest Card
- How to Contact the Bank
- Rates and Fees
- Important Information
- Are You Eligible?
- Managing Your Credit Card
- Frequently Asked Questions
- What Is the No Annual Fee Credit Card?
What Is the Natwest Card?
As we have already mentioned, the Natwest credit card is perfect for anybody who does frequent day-to-day spending.
This particular card was given a five-star rating by Moneyfacts, meaning that you should definitely consider signing up if you are looking for a new credit card.
There are a number of benefits to using the Natwest credit card. For starters, you will not have to pay an annual fee, making it a low cost credit card.
On top of this, you will be able to easily manage your card by making use of the Natwest mobile app.
Why Choose Natwest?
With incredibly low interest rates, this credit card may be exactly what you are looking for.
The Natwest card can be used at Mastercard stations worldwide, making it extremely convenient.
However, it is important to note that you will have to be verified in order to sign up for the card. We will go into more depth on this later.
How to Apply for the Natwest Card?
The Natwest credit card is incredibly easy to sign up for.
Firstly, you will need to check your eligibility for the card. While this may sound complicated, it is actually very quick and simple.
If the bank approves your application, you can go about sending in your details and banking information. During this process, the bank will provide you with all the details of your contract.
It is recommended that you thoroughly read through the fine print in order to clearly understand what you are signing up for.
Quick and Easy
When compared to other banks, Natwest makes the process of signing up for a new card incredibly easy.
One of the biggest reasons for the success of this company is the fact that they are so convenient to work with.
You will find that your banking account will be up and running in no time at all.
Main Features of the Natwest Card
If you are considering signing up for this credit card, it is essential that you properly understand all the features included.
Natwest provides customers with an Installment Plan option.
In short, this can be used to make large purchases without money coming out of your current account.
Instalment Plans are great for spreading the cost of your purchases.
A Low-Interest Rate
There are a number of ways in which you can use this Instalment Plan. This includes the below.
- Paying back a purchase over a set period of time. This can range from 3 months to 2 years.
- Avoiding interest by paying a set fee every month. In the long run, this fee could end up being less than your standard credit card interest rate.
- Avoiding hidden costs by making an easy repayment budget.
One of the biggest benefits that comes with this credit card is the low interest rate. To be more specific, you could pay a rate as low as 12.9% annually on purchases and balance transfers.
How to Contact the Bank
If you are considering signing up for the Natwest credit card, it is recommended that you contact the bank directly in order to find out more information regarding the contract.
As we have already mentioned, you will need to check your eligibility before being able to sign up. For this reason, it may be a good idea to find out exactly what the requirements are beforehand.
More so, the website may skip or fail to mention a few crucial details that you should know about.
Before committing to anything, be sure to give the Natwest representatives a call or send them an email asking any questions that you may have.
Visit Their Website
The Natwest website is incredibly informative and helpful. If you have any questions regarding their credit card, taking a few moments to simply browse through their page may help.
More so, you will be able to view a list of FAQs and their answers – in this way, you will be sure to find some clarity.
You can call the bank on 0370 333 9092 or you can write to them at this address: 250 Bishopsgate, London EC2M 4AA.
Rates and Fees
When compared to other banks, Natwest offers very reasonable prices.
As we have already mentioned, their interest rates are incredibly low, meaning that you will end up saving a decent amount of cash every year.
On top of this, the credit card does not include an annual fee.
You will not pay any foreign transaction fees when using the Natwest card abroad.
If you are looking for low-cost banking, Natwest may be the perfect choice for you.
With a purchase rate and representative APR of 12.9% p.a., you will be left incredibly satisfied with the costs associated with this credit card.
Before signing up for the Natwest credit card, there are a few essential bits of information to take note of.
For starters, you may receive a higher purchase rate than the standard amount mentioned above. The actual amount will be determined based on the bank’s credit assessment of you.
On top of this, you will be able to manage your credit card using the mobile Natwest banking app.
This tool can be used to lock and unlock your credit card, control your spending, check your credit score etc.
No Foreign Transaction Fees
As we have already mentioned, you will not be required to pay any foreign transaction fees when making purchases abroad.
This is one of the most significant advantages associated with the bank, as most other companies require you to pay these fees.
Are You Eligible?
We already know that you will have to undergo an eligibility test prior to signing up for the Natwest credit card.
In order to do this, you can simply visit the Natwest website and undergo the online questionnaire.
In this test, you will be required to send valuable information regarding your income and monthly expenditure.
On top of this, your personal details will also need to be inputted. Once you have proofread the questionnaire, you can send in your application and wait for the bank’s response.
Check Your Eligibility
If your expenditure exceeds a certain amount, your application may not be accepted for the credit card.
More so, your monthly income will need to exceed a certain amount in order to be considered.
Managing Your Credit Card
There are a number of ways in which you can go about managing your Natwest credit card.
We have already discussed the convenience of the Natwest mobile banking app. This tool can be used for numerous purposes, including monitoring the money that goes in and out of your account.
On top of this, the bank representatives are incredibly helpful when it comes to tracking your credit card use.
If you have any questions regarding your account, you can always simply send the bank a query via their website.
Potential Charges and Fees
There are numerous potential charges and fees that you should keep in mind.
For example, if you pay late, you will be charged an extra 12 Euros.
On top of this, if you go over your limit, you will be charged the same amount.
Frequently Asked Questions
As we have already mentioned, the Natwest website is incredibly helpful and informative.
If you have any questions regarding the bank or credit card, you should consider browsing through their list of FAQs.
You can also use this page to ask any questions of your own.
You will notice a ‘Need Help?’ button in the bottom right corner of their website – if you have any queries, be sure to let the bank representatives know.
What Is the Limit for Natwest Credit Cards?
One of the most commonly asked questions is in relation to the limit set on Natwest credit cards.
Your specific limit will depend on a number of factors, including your age and monthly income.
To determine your limit, be sure to contact the bank today.
What Is the No Annual Fee Credit Card?
You may be wondering what the term ‘no annual fee’ means in relation to banking.
Various companies across the country offer these types of cards. They are incredibly convenient and are seen as a low-cost option.
In the short term, you will not be required to pay a yearly fee in order to make use of your Natwest credit card.
Instead, the bank will make a profit from late payments made and interest paid on your different purchases.
Learn More About These Credit Cards
In other words, when you open a no annual fee account, your bank provider will not require an upfront payment.
You will also not be required to pay monthly instalments to make use of or keep the card.
You can find out more information regarding the Natwest credit cards via their website.
There are many factors to consider before signing up for a Natwest credit card. These cards are incredibly convenient and low cost. They also do not require monthly or annual payments – instead, you will pay interest on each purchase.
Note: Before signing up for this card, you should know there are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.