Natwest Platinum Credit Card

Independent review with up to date rates, fees and special offers for this card...

natwest platinum credit card

apply now for natwest platinum credit card
  • Now available to all new applicants - you no longer need to be a Natwest current account customer to qualify
  • Market leading 0% balance transfers for 16 months (2.9% fee)
  • Travel discounts and help abroad with the Natwest Travel Service.

Natwest credit card review: Platinum

THE Natwest Platinum credit card, now available to all new applicants, offers a number of platinum cardholder features and benefits, plus some of the market's best introductory offers.

You no longer need to be a Natwest current account customer to qualify for this credit card - opening up the market-leading 0% balance transfer for 16 month offer to all UK residents who meet the minimum income and age requirements of £10,000 per annum and 18 years respectively.

0% Balance Transfers

The Natwest Platinum credit card is perfect for anyone wanting to transfer a balance. With 0% interest rates on balance transfers for a staggering 16 months - you'll have plenty of time to repay your card debts and get back on top of your finances. There is a transfer fee of 2.9% - however this is still one the best balance transfer offers on the market.

Anyone who doesn't have a balance to transfer can still enjoy 0% rates on purchases for the first 3 months. Once this period has finished, the Natwest Platinum credit card still receives awards for a 56 day interest-free period on purchases if you repay your balance in full each month.

Travel Services

For travellers, or holiday-makers, the Natwest Platinum credit card has a few tricks up it's sleeve to please. You'll be able to enjoy discounts when you book holidays or work trips through the Natwest Travel Service, where you can get anything from air tickets to hotels, as well as brochure holidays.

Natwest also offers travellers peace of mind with a Travel Support helpline and an emergency medical service if you ever become ill or have an accident whilst abroad.

Cardholder Services

On the prestige side of things, the Natwest platinum credit card offers customers some really great services to help keep your money safe.

Your money will be well looked after with the Natwest Platinum credit card's Internet fraud guarantee, Natwest secure - for online purchases, a free fraud text alert service - which you can sign up to for notifications if Natwest spot anything troublesome looking on your account and an online account management service.

Advantage Gold customers

If you're a Natwest Advantage Gold current account customer you can look forward to enjoying a guaranteed 1% initial discount on the APR. The discount is guaranteed to last for at least 12 months, although bear in mind the rate will still be variable.


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 Natwest, RBS and Mint.
Balance Transfer Fee 2.9%
(£5 minimum)
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)
This fee is not charged on gambling transactions, will attract the cash withdrawal interest rate.
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 Travel Discounts Enjoy help with booking and discounts on travel with the Natwest Travel Service.
Reward #2 Wine Club Offers Enjoy special offers and the occasional free gift from the Natwest Wine Club.

Cardholder Services & Extras
   
Online Account Management This service is offered. You can manage your account online if you have a Natwest current account.
Internet Fraud Guarantee This service is offered. If your card has been used on the internet without your knowledge or consent, Natwest guarantee not to hold you liable for the fraudulent transaction if you have signed up to Natwest Secure (a free service in partnership with MasterCard SecureCode).
Fraud Monitoring This service is offered. Active Fraud Monitoring with Free Mobile Text Alerts
Choose SMS text alerts and receive a text message instead of a phone call if Natwest spot anything suspicious on your account.
Identity Protection This service is not offered.
MasterCard SecureCode This service is offered. 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 This service is not offered.
Purchase Delivery Insurance This service is not offered.
Comprehensive Travel Insurance This service is not offered.
Travel Accident Insurance This service is not offered.
Travel Inconvenience Insurance This service is not offered.
Assistance Abroad This service is offered. Travel Helpline
Get advice and help with medical emergencies whilst abroad.
Emergency Card Replacement This service is not offered.
Other Extras
Optional Extras These are extras that you can choose, but you will have to pay for them.
- Card Protection
- Identity Protection Cover

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
- £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 Natwest The bank who issues this credit card.
National Westminster Bank Plc
135 Bishopsgate
London
EC2M 3UR
Card Advertiser Natwest The company who advertises and promotes this credit card.


At a glance

Typical APR:
(variable)
16.9% APR
Purchases: 0% for 3 months
  16.95% p.a. thereafter
Balance Transfers: 0% for 16 months
  2.9% transfer fee - £5 min
Interest Free Period: Up to 56 days
Annual Fee: £0
Rewards:
  • Travel Discounts
  • Wine Club Offers
This card includes:
Online Account Management
Fraud Security
apply for a natwest platinum credit card
You should only apply if you are:
  • Aged 18 or over
  • UK resident
  • Earn at least £10,000 a year


Review Continued...

The Natwest Platinum credit card offers 0% balance transfers for 16 months, 0% on purchases for 3 months, no annual fee and a range of security features and travel extras.

Re-open to all new applicants

The Natwest Platinum credit card is now re-open to all applicants again and not just those who are already Natwest current account customers.

To qualify you will have to apply online and you will need to be UK resident, aged 18 or over and earn at least £10,000 a year (pre-tax).

0% Balance Transfers

The Natwest Platinum credit card offers 0% introductory rates on balance transfers for the first 16 months your account is open.

With the Natwest Platinum credit card you can transfer a balance from an existing credit card or store card and benefit from the breathing space of no interest charges on this balance for well over a year. Balance transfers are subject to a balance transfer handling fee of 2.9% with a £5 minimum charge.

To qualify for the promotional offer you will need to transfer any balance within the first 3 months your accout is open.

You'll be able to move up to 95% of your allocated credit limit. Also, bear in mind payments will go towards repaying introductory rates first - so avoid cash withdrawals and purchases if you're using the promotional balance transfer deal.

Travel Helpline

All Natwest platinum card holders are entitled to use the free travel helpline for emergency medical help abroad. The travel helpline can give advice, help track down lost belongings, send and receive messages and also help you forward documents or medical supplies while you're travelling.

If the worse happens and you do become ill or have an accident whilst abroad and need emergency treatment, Natwest will help to arrange transport and also arrange for any dependent children to return to the UK.

Security Benefits

The Natwest platinum card offers a range of security benefits including online account access, Internet fraud guarantee, a free fraud text alert service and Natwest secure.

Internet Fraud Guarantee

Internet fraud guarantee covers you for liability on transactions made with your Natwest platinum card online without your knowledge or consent.

Natwest Secure

Natwest secure enables you to choose a password to use when shopping online with your card at participating web sites.

Fraud Text Alerts

Fraud text alerts is a free service from Natwest that you can sign up to if you want to.

The service offers text alerts if Natwest spot anything troublesome on your account, so you can know straight away and act quickly if it does turn out to be fraudulent.

Apply Online for Natwest Platinum credit card »