Have you been looking for a valuable credit card that gives you rewards for your spends?
With the Royal Bank of Scotland Reward Credit Card, you are likely to find the benefits and features that you want and need.
To know which offer is the best for you, read on below. You can also learn about terms of service and requirements for eligibility.
Benefits and Features of a Royal Bank of Scotland Reward Credit Card
The Royal Bank of Scotland Reward Credit Card gives you 1% in Rewards every time you spend on supermarket purchases. You will also be given a 0.5% reward for petrol station transactions. Moreover, you are entitled to 1-15% in Rewards when you transact at partner MyRewards establishments and 0.5% anywhere else.
You’ll also enjoy the fact that any annual fees will be refunded to you if you hold a Rewards current account!
When you accumulate five digits in Rewards, the bank offers three choices for redemption. You have the option to cash in, trade for vouchers from partner establishments, or donate your rewards to charity. With these choices, you can certainly make your credit banking a more fulfilling one.
This Mastercard offer is not only rewarding but also secure and hassle-free. You can arrange an automated payments system through its Installment Plans. It also gives you access to your account using their mobile and online banking services.
Eligibility and How to Apply for a Royal Bank of Scotland Reward Credit Card
If you are interested in applying for a Royal Bank of Scotland Reward Credit Card, keep in mind that you must be over 18 years old and a resident of mainland United Kingdom to be eligible. You must also have an annual income of GBP 10,000.
The bank will ask for personal, residential and employment information. Be ready to answer where you have resided for the past 3 years, as well as details regarding your bank account (income and outflow). For a smoother process, make sure to have proofs of identity, residence, and employment on hand.
For applications, you can visit the Royal Bank of Scotland website and use their online form or drop by a branch near you. According to their website, the process takes about 10 minutes and you can get a decision within 5 minutes. Your card will be issued in 5 to 7 working days.
You can apply for your desired credit limit, with a minimum of GBP 300. However, keep in mind that the bank will grant a credit limit that fits your creditworthiness. To know your credit score, you can use the bank’s eligibility checker.
Royal Bank of Scotland Reward Credit Card Fees & Charges
- Annual Fee – GBP 24, which can be refunded if you maintain a Reward current account
- Variable APR – Representative 23.7%, but (23.7% APR, 30.0% APR or 33.1% APR, depending on individual circumstances)
- Balance Transfer Rate – 17.4% to 24.9% Simple, 18.9% to 27.9% Effective
- Cash Advance Fee – 3% handling fee
- Foreign Transaction Fee – 2.75% of transaction non-sterling fee, 3% handling fee for cash
- Late Payment – GBP 12 if payment is later than 1 day
Royal Bank of Scotland’s Address & Contact Details
Address: 36 St Andrew Square, Edinburgh, United Kingdom, EH2 2YB.
To get in touch with Royal Bank of Scotland, call 0345 301 6080 or +44 1423 84 7801 if you are calling from outside of the UK.
There is nothing better than having a credit account that not only offers rewards but also provides security and peace of mind. With the Royal Bank of Scotland Reward Credit Card, you can take advantage of the perks of using this cashback card with ease and comfort. Simply head to the Royal Bank of Scotland website to get started!
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.