NATWEST has launched a balance transfer credit card that gives you 23 months to pay off your debts at a 0 per cent interest rate. 1.99% balance transfer fee applies. We calculated the potential saving by taking the interest you pay currently, and subtracting the interest you'd pay with The NatWest Credit Card. To help understand how much it cost to use your card abroad, you can use our Card currency calculator. Jul, 2018. The saving doesn’t take into account any promotions, offers or other card features e.g. (variable). Based on the information you have given us, you could be paying around. (variable) on balance transfers. In our handy guide, we run through the different types of credit cards and help you understand the basics, as well as offering you some useful tips. To apply, you must hold a current account, savings account, credit card or mortgage with NatWest, be a UK resident, aged 18+ and earning at least £10K per year. As for all credit cards, the interest rate advertised is representative. The NatWest Balance Transfer card, which we are reviewing here, offers a shorter interest-free period than the NatWest Longer Balance Transfer card but doesn't charge a balance transfer fee. Interest is calculated on your daily balance and applied on the last Business Day of each month. This is the balance you have on your credit card, this may be made up of purchases and/or balance transfers, that you pay interest on. Interest on fees and charges is payable in line with our terms and conditions. How much does it cost to use the NatWest Reward Credit Card abroad? Want to be prepared before starting your credit card application? (variable). The first thing to do is clear the balance on your credit card, so that you don’t owe NatWest any money. A credit card purchase rate of 0% is an introductory offer and will last for a fixed period, usually a few months. The rate of interest and fee you'll pay on a balance transfer to your credit card depends on the balance transfer offer you're applying for. The NatWest Credit Card A 5 star rated card to help with your everyday spending Representative 9.9% APR (variable) Available to customers who have a current account, savings account, credit card or mortgage with NatWest, and are UK residents, 18+ and earning at least £10K per year Your anonymous review will help others learn about this provider. All credit card providers charge some form of interest for the cost of lending credit. If you want to purchase a large item, it's important to think about how to structure your repayments so that you’re able to repay the full amount within the interest free period. Our credit card repayment calculator shows you how much your minimum payments could be each month. Accounts include: Tax Saver. Interest is charged monthly on the outstanding balance of your credit card and is variable depending on which type of credit card you hold. Copyright © National Westminster Bank plc 2021, The Mortgage Guarantee Scheme (95% mortgages), You could avoid interest rate hikes and simplifying your budgeting, 0% offers on balance transfers and purchases mean you could end up paying no interest at all, as long as you clear the full amount before the promotional period ends, Spend with more certainty, as you know exactly how much interest you’ll be paying for each spend, Spread the costs of larger purchases out over a period of time and pay lower interest on your purchase, We support you through different life events, Buying for the first time, moving or remortgaging? (variable). NatWest offers a wide range of credit cards, from the Student card with a low maximum credit limit, to the Clear Rate Platinum card which comes with one transparent low rate. Head on over to our credit card hub to take a look at our range of credit cards. Rates for accounts we no longer offer. You can transfer balances of any amount up to 95% of your available credit limit. It should also be noted that a small percentage fee called a Foreign Transaction Fee is charged on some of our credit cards. Want a bit more background detail about how credit cards work? The exchange rate (known as the Payment Scheme Exchange Rate) is set by Visa or Mastercard and these fluctuate daily. NatWest customers interested in consolidating credit card debt and getting 1.5 years of 0% interest on their balance transfer may want to check out the … We use what’s called a soft credit search, which won’t affect your credit rating. The minimum balance transfer amount is £100. (variable). The interest rate on this part of your balance will be 16.9%, which is 71% more than the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply). We could help, We’re here to support you through all your life journeys. 0% on purchases for 3 months from account opening, thereafter standard rates apply. 0% promotional offers or cashback. Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. With the new NatWest Balance Transfer Credit Card and RBS Balance Transfer Credit Card, you’ll benefit from 23 months at 0% interest. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at … If you’re a business owner, you could get a great deal with the Business credit card. If you are concerned about being unable to make your repayments on your NatWest credit card, we have lots of guidance and support to help you. The amount of fees and interest you’ll pay is based on a purchase rate of 9.9% p.a. Liquidity Access Manager Account. The amount that users can expect to pay each month will vary depending on how well they are managing their existing debt, the amount spent and the length of payment term selected. Search for a company or product name... Companies See all Low APR or low interest credit cards offer a low rate on purchases and/or balance transfers for a certain period of time. But for any balances remaining from your purchases after 3 months, it will accrue the Standard Purchase Interest Rate of 19.9% p.a. All credit card applications are subject to status and full credit checks. This is the effective interest rate you pay on your credit card purchases, if you do not pay your credit card balance in full each month. Get waived credit card fees in your first year and benefit from an interest-free period of up to 56 days when you pay your balance in full. The interest rate that you are paying will be stated in the letter sent with the Terms and Conditions you got when you first signed up to the credit card. 0% Balance Transfer Credit Cards 0% Purchase Credit Cards Low Rate Credit Cards 0% Balance Transfer & Purchase Cards Credit Cards For Bad Credit Rewards Credit Cards Airline Credit Cards Cash Back Credit Cards Overseas Spending Credit Cards Liquidity Access Account. Current credit ratings for NatWest Group and its major subsidiaries. Click here to read 7 customer reviews of NatWest Clear Rate Platinum Credit Card, rated 3.71★ by real people like you on Smart Money People. NatWest customers can miss one payment on the plan, but, if they miss a second payment, the remaining balance is added to the credit card and then treated as a new payment in terms of interest. Credit cards. (variable) on purchases and 6.9% p.a. No annual business credit card fee for the first year (normally £30). Standard interest rate for purchases: 9.9% p.a. Representative example. Approval for any credit card will depend on your status. To apply, you must hold a current account, savings account, credit card or mortgage with NatWest, be a UK resident, aged 18+ and earning at least £10K per year. Depending on your individual circumstances, your rate could be 9.9%, 15.9% or 18.9% p.a. ... Representative 11.1% APR (variable) based on an assumed Credit Limit of £1,200. Eligibility applies. Credit cards with low-interest or a low-APR can help make your credit card payments more manageable. View interest rates for accounts that are now off sale to business customers. Compare our range of credit cards to find the right interest rate for you. Credit Cards Online. This tool provides an indication of the interest and potential savings based on the information you provide, and a purchase of rate of 9.9% p.a. with a fee of £24 per annum. Remember, if you're thinking of applying for a low rate card your actual credit limit and APR may vary on application, which means you may not be eligible for the lowest rate offered. Lowest Interest Credit Cards | Low Rate Credit Cards | NatWest here.--> NatWest Group and Subsidiary Credit Ratings History download excel file for NatWest Group and Subsidiary Credit Ratings History download excel file for NatWest Group and Subsidiary Credit Ratings History The APR shown represents the interest rate offered to most successful applicants. Your actual credit limit will depend on our credit assessment of you, and the actual APR you receive will depend on your circumstances. We'll help you put the pieces together with our 5 step guide on how to get a credit card in the UK. NatWest says the typical cost of an Instalment Plan will amount to 10.9% APR, lower than the purchase rate of 18.9% offered on its Reward, Reward Black and Balance Transfer credit cards. It's all here in one place. For the purchases that you will make in the first 3 months, it will not accrue any interest as the NatWest Balance Transfer Credit Card has an introductory offer of 0% Purchase Interest Rate for 3 months. Natwest Clear Rate Platinum Credit Card Mastercard Credit Card - apply for and view Natwest Clear Rate Platinum Credit Card. NatWest Credit Card Interest Rates. Rate of interest effective from 3rd June 2019 to 8th July 2020 for Liquidity Manager 95 Day Notice Account. Customers will be charged a single interest rate for purchases and balance transfers. The review has been received and will be be viewed for approval by a moderator. Depending what type of interest you are looking for, will depend what our current interest rates are: Instant savings interest rates (opens in a new window) ISA interest rates (opens in a new window) Children's account rates (opens in a new window) For overdraft rates please visit our rates and charges page (opens in a new window) They chose instead to get rid of the transfer fee and offer lower rates for the life of the balance, as seen with the Clear Rate Platinum Card - and for a short while last year they even offered cash back of up to £50 on balance transfers. NatWest has two cards offering balance transfer deals. Standard interest rate for purchases: 6.9% p.a. You’ll be able to pay off or cancel the Instalment Plan without any penalties. Annual fee: £24. But RBS and Natwest famously ditched interest free periods on their credit cards in March 2014, calling them "teaser rate debt traps". The APR (Annual Percentage Rate) is a combination of the interest rate and the £24 annual fee calculated as an interest rate over a 12 month period, based on an assumed credit limit of £1,200. Interest is charged on a monthly basis on outstanding balances on your credit card. You’ll see the search if you check your credit file, but other lenders won’t. Whether you're transferring a balance or making a purchase, you might pay a low interest rate of 9.9% p.a. Different types of transactions (purchases or cash) incur different interest rates. Low interest credit cards, also known as low APR (annual percentage rate) credit cards offer you the ability to borrow money over a long period while offering you low interest payments. Account Details APR Updated; NatWest Low Rate Credit Card: 9.9%. You can even check your eligibility and apply for a low rate card online. Of course, if you clear your balance at the end of each month and continue to stay on top of your payments, you don’t have to pay interest at all. They’re also useful if you want to spread a larger purchase over a number of months. Our NatWest business credit card is a perfect company credit card for those with a turnover under £2m. If you're paying a higher rate on your existing credit card, you could save money by transferring your balance to this one. You can find out what the available interest rate and fee is by referring to your terms and conditions, any recent correspondence you have received from your card carrier or to your latest statement. After this period, your lender will start to charge interest on purchases. This low interest rate is guaranteed for the time you own the card and therefore you can be safe in the knowledge that you will always be paying low interest payments for the duration of the time you are … Over 18s only. Tell us about the credit card you’d like us to compare. There are no fees for balance transfers. Your credit card statement will confirm what interest rate applies. Some credit card deals offer interest-free periods, but an interest rate will be charged at some point, usually when the offer ends. The interest rate on this part of your balance will be 25.9% (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply). The new NatWest and RBS credit cards. (variable). The minimum credit limit is £300 and the maximum limit is decided by NatWest and will take into account personal circumstance and previous credit history. Just select your card type and it'll work out your interest rate and other fees to help you stay on top of your credit card transactions. We calculated the potential saving by taking the interest you pay currently, and subtracting the interest you'd pay with The NatWest Credit Card. (variable), Representative 9.9% APR (variable) based on an assumed Credit Limit of £1,200, Annual fee: £0 Your actual credit limit will depend on our credit assessment of you, and the actual APR you receive will depend on your circumstances. You can usually find details of these rates on your credit card statement. It can also be found on your statement. Bonus Saver. How to cancel your NatWest credit card. View off sale savings account rates. If you can’t, you may want to transfer it to a balance transfer credit card that gives you time to pay it off without charging any further interest. Credit card eligibility checker This eligibility checker gives you an indication of how likely you are to be accepted for a credit card with us. Write a NatWest Review It only takes less than a minute! The actual interest and charges you will pay will depend on your personal card usage and outstanding balance you have on your card at that time. 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