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RBS credit card review: Platinum

THE Royal Bank of Scotland Platinum credit card is now re-open to all new applicants and you no longer need to be a RBS current account customer to qualify.

To qualify for the RBS Platinum credit card you will need to apply online, be UK resident, aged 18 or over and earn at least £10,000 per annum (gross).

The RBS Platinum credit card is a great deal to become more widely available again, with a market leading 0% balance transfer offer for 16 months and a range of prestige cardholder extras including shopping and travel discounts as well as a travel helpline and emergeny medical help whilst abroad.

0% Balance Transfer Offer

The RBS Platinum credit card offers one of the UK's best 0% balance transfer promotional deals, offering 0% rates for 16 months.

Balances can be transferred up to 95% of your alloted credit limit and must be made within the first 3 months of account opening. They also carry a standard handling fee of 2.9% of the balance.

If you don't have a current outstanding balance, the RBS Platinum credit card also offers an initial 3-month 0% period on new purchases, which can be used to help spread the cost of a large purchase over the next few months.

Platinum Cardholder Services

As a platinum credit card, this card comes with an outstanding range of platinum services, all of which come for free.

The platinum features on this credit card are set to keep you and your money safe, offering an Internet fraud guarantee, free fraud text alerts, a travel helpline, emergency medical help abroad, and all the standard features like online account management and RBS secure.

Plenty of extras

The Royal Bank of Scotland platinum credit cards comes value packed with shopping and travel discounts.

You'll be able to enjoy 10% off UK breaks with Superbreak and 20% off at buyagift.com.

The RBS Travel Service also helps with booking holidays or business travel and offers discounts on advance bookings as well as last minute deals.

With no annual fee and a number of discounts and even a wine club, an extended credit limit and the worldwide recognition of a MasterCard, the RBS Platinum credit card aims for the front slot in your wallet.

Interest Rates and Fees
		Notes..
Typical APR	16.9% APR (variable)	16.9% APR - 19.9% APR. The rate you receive will depend upon an assessment of your circumstances and credit history. Advantage Gold Account customers will receive a 1% discount in the APR for at least 12 months. The typical APR is the rate most people are offered.
Introductory Purchases	0% for 3 months	Payments are applied towards introductory rates first.
Balance Transfers	0% for 16 months	Must be made within the first 3 months your account is open. You can transfer up to 95% of your allocated credit limit. Payments are applied towards introductory rates first. You cannot transfer balances from other Royal Bank of Scotland group cards, including RBS, Natwest and Mint.
Balance Transfer Fee	2.9% (£5 minimum)	Introductory rate balance transfers carry a handling fee.
Cash Withdrawal Rate	27.95% p.a. (variable)	You can withdraw up to £750 each day, within your credit limit.
Cash Withdrawal Fee	3% (£3 minimum)	-
Annual Fee	None	-
Foreign Transaction Fee	2.75%	This fee will be charged if you make a purchase or cash withdrawal in a foreign currency.

Rewards
		Notes..
Reward #1	Shopping Discounts	- 20% off at buyagift.com - 10% off UK short breaks with Superbreak.
Reward #2	Travel Discounts	Travel discounts through the RBS Travel Service. Discounts include last-minute bargains, advance bookings. From flights to airport car parking.
Reward #3	Wine Club Offers	The Royal Bank Wine Club has special offers when you pay with your RBS credit card.

Cardholder Services & Extras
Online Account Management		You can manage your account online if you have a Royal Bank of Scotland current account and use digital banking.
Internet Fraud Guarantee		If your card has been used on the internet without your knowledge or consent, RBS guarantee not to hold you liable for the fraudulent transaction if you've signed up to RBS Secure (a free service in partnership with MasterCard SecureCode).
Fraud Monitoring		Active Fraud Monitoring with Free Mobile Text Alerts Choose SMS text alerts and receive a text message instead of a phone call if RBS spot anything suspicious on your account.
Identity Protection
MasterCard SecureCode		An extra layer of security when shopping online. Register and set up a password-protected identity-check when you shop online with participating online retailers.
Purchase Protection Insurance
Purchase Delivery Insurance
Comprehensive Travel Insurance
Travel Accident Insurance
Travel Inconvenience Insurance
Assistance Abroad		Travel Helpline Get advice and help with medical emergencies whilst abroad.
Emergency Card Replacement
Other Extras	- Free additional cardholder
Optional Extras	These are extras that you can choose, but you will have to pay for them. - Card Protection - Identity Protection Cover - Payment Protection.

Payments & Payment Details
		Notes..
Credit Limit	£300 minimum	Maximum credit limit is subject to status.
Interest Free Period	Up to 56 days	For purchases if you pay your balance in full and on time, and have paid the previous month's balance in full and on time. There is no interest free period on money transfers or cash advances. The interest free period for balance transfers only applies during the introductory 0% offer.
Minimum Monthly Payment	2.25% (£5 minimum)	The minimum monthly payment will be the greater of: - 2.25% of your outstanding balance (rounded down to the nearest pound), OR - The amount you owe over your credit limit, less any overdue amounts from previous statements, OR - £5.
Allocation of Payments	Interest on Special Offers » Other Interest, Fees & Charges » Special Offers » Purchases & Balance Transfers » Cash Advances & Money Transfers	-
Default Charges	£12	- Returned Payment: £10 - Late Payment: £12 - Exceeding Credit Limit: £12
Copy of Statement Fee	£3	This is the fee you will be charged for duplicate statements.

Card Details
		Notes..
Online Application	Yes	Remember: always ensure you meet the application requirements before applying, as getting rejected can affect your credit score.
Card Type	Platinum	-
Payment Company	MasterCard	The company who provides the payment technology and infrastructure to allow you to use this credit card. Retailers and ATM machines displaying the 'MasterCard' logo will accept this credit card.
Card Issuer	Royal Bank of Scotland	The bank who issues this credit card. The Royal Bank of Scotland plc 36 St Andrew Square Edinburgh EH2 2YB
Card Advertiser	Royal Bank of Scotland	The company who advertises and promotes this credit card.

Review Continued...

The Royal Bank of Scotland Platinum credit card offers a really fantastic introductory offer on any outstanding balances you need to transfer, and also on new purchases too. The current introductory deal for all new customers offers up 0% interest rates on balance transfers for 16 months and 0% on purchases for 3 months.

The Royal Bank of Scotland Platinum credit card is a platinum card you'll want to keep at the front of your wallet, servicing you with a range of exclusive platinum features, all free, to help keep you and your money safe.

This credit card keeps on giving, with the longest interest free period on purchases available, no annual fee and a number of shopping discounts on gifts, UK breaks, travel and wine.

Offer re-open to all new applicants

Previously the RBS Platinum credit card was only available to RBS current account customers, but is now re-open to all new applicants who meet the minimum required criteria.

To qualify for the RBS Platinum credit card you'll need to be UK resident, aged 18 or over and earning at least £10,000 per year before tax.

You'll still need to apply online and it's recommended to have all your relevant details to hand.

0% Balance Transfers

The 0% on balance transfers for 16 months deal allows you to transfer an existing credit card and / or store card balance/s to the Royal Bank of Scotland Platinum credit card and you won't be charged any interest for over 1 whole year, giving you the time to repay your balance without it accruing hefty interest charges.

Balance transfers do carry a handling fee, but this fee is only 2.9% of the balance you are transferring, and will be small change in comparison to the savings you'll make in interest charges.

You will need to move any balances within the first 3 months your account is open to make sure it qualifies for the 0% promotion. You will be able to move up to 95% of your alloted credit limit.

0% on purchases

The Royal Bank of Scotland Platinum credit card also offers a 0% introductory period on purchases too. So if you don't have any outstanding card debts, you can enjoy 0% rates for the first 3 months on new purchases instead.

Please remember though, if you have any cash transactions to make, and that includes cash withdrawals, getting 'cash back' at the supermarket and buying foreign currency or traveller's cheques, use your debit card, as these transactions are never covered by 0% introductory periods and will become 'trapped' behind any cheaper or 0% balances.

Platinum Card Benefits

As a platinum card the Royal Bank of Scotland platinum credit card offers a range of exclusive and more importantly free, platinum card holder benefits including; an internet fraud guarantee, free fraud text alerts, a travel helpline offering advice and emergency medical help abroad, a travel booking service and a number of shopping discounts including 20% off a buyagift.com and 10% off at UK Superbreaks, plus there's even a wine club.

Internet fraud guarantee

Keeping your money safe is the free Internet fraud guarantee offered with the Royal Bank of Scotland platinum credit card. When you have been shopping online, if your credit card details are then used fraudulently, the Royal Bank of Scotland guarantees not to hold you liable as long as the card was not used with your knowledge or consent.

Free fraud text alerts

The fraud text alerts are an optional service that you can choose to sign up for free.

If you sign up, you'll receive text alerts if RBS notice anything suspicious looking on your account. Allowing you to check the transaction quickly and get it resolved if it is fraudulent.

Travel helpline

As a Royal Bank of Scotland platinum credit card holder you will be entitled to use the Royal Bank of Scotland travel helpline for advice as well as emergency medical help abroad.

Apply Online for RBS Platinum credit card »