NatWest Credit Cards: Empowering Your Financial Choices

NatWest’s Commitment to Financial Wellbeing

Our goal is to help 10 million people manage their financial wellbeing annually by 2027. Focusing on providing digital tools and personalised engagement to empower customers to take control of their finances.

Achieving Financial Capability Ambitions

In 2023, NatWest achieved its targets, reaching 18.4 million financial capability interactions and helping 2.3 million customers start saving. This success has motivated us to set a new ambitious goal to assist 10 million people per year manage.

Helping Customers Start Saving

We understand that building a savings habit can be challenging. Which is why we have implemented initiatives to help our customers get started.

By focusing on financial wellbeing and capability. NatWest is committed to empowering our customers to take control.

Innovative Digital Tools for Financial Management

NatWest has developed a suite of innovative digital tools to empower customers in managing their finances more effectively. From monitoring credit scores to tracking spending and setting savings goals, these tools offer a comprehensive approach to financial well-being.

Know Your Credit Score

The bank’s “Know Your Credit Score” feature allows all UK residents. This valuable insight helps customers make informed decisions about their financial future.

Spending Trackers and Budgeting

NatWest’s spending tracker and budgeting tools enable customers to categorize their expenses. Gain visibility into their spending patterns, and set realistic financial goals. By leveraging these digital budgeting tools, customers can better manage their digital banking tools and achieve their financial objectives.

Savings Goals and Round Ups

The bank’s Savings Goal feature and Round Ups functionality make it easier for customers to build their savings goals. The Savings Goal tool allows customers to set specific savings targets. While Round Ups automatically transfer spare change from purchases into their savings accounts, effortlessly growing their credit score management.

Digital Tool	Key Features	Benefits
Know Your Credit Score	Access to credit score Explanation of score calculation Personalized tips for improvement	Increased financial awareness Informed decision-making Credit score optimization
Spending Trackers and Budgeting	Expense categorization Spending pattern visibility Goal-setting capabilities	Enhanced financial control Informed budgeting decisions Achieving financial targets
Savings Goals and Round Ups	Customizable savings goals Automatic round-up transfers Effortless savings growth	Simplified savings management Consistent savings build-up Achieving financial milestones

“The introduction of innovative digital tools has empowered our customers to take control of their finances and achieve their financial goals with greater ease and confidence.”

– Nicola Hodson, Head of Digital Banking, NatWest

Financial Education Programmes

At NatWest, we recognise the vital importance of financial education, especially for young people. Our comprehensive programmes are designed to equip individuals with the knowledge and skills they need to make informed financial decisions and build a secure financial future.

See more: Navigating Loans with Nationwide Building Society: Tailored Solutions for You

MoneySense for Young People

The NatWest MoneySense initiative is a free financial education programme that aims to reach 5- to 18-year-olds, both at home and in schools. In 2023, the MoneySense schools programme reached an impressive 1.1 million young people, empowering them with the tools and confidence to navigate the complexities of personal finance.

The programme covers a wide range of financial topics, including borrowing and debt, budgeting, financial security, online safety, enterprise, critical consumerism, everyday numeracy, careers and income, savings and pensions, and money and well-being. Curriculum links cover subjects such as maths, PSHE, citizenship, and computing, ensuring a holistic approach to financial education.

Year	MoneySense Reach
2023	1.1 million young people
2020-2023	18.4 million financial capability interactions

“At NatWest, we believe that financial education is the key to unlocking a secure and prosperous future for young people. Our MoneySense programme is designed to empower the next generation with the knowledge and skills they need to make informed financial decisions.”

Supporting Financial Inclusion

At NatWest, we are committed to fostering financial inclusion and ensuring that all individuals, regardless of their financial backgrounds, have access to essential banking services. One of the ways we are addressing this is through our Foundation account – a no-fee personal current account designed specifically for those with poor, little, or no credit history, or those going through bankruptcy.

As of December 2023, we are proud to support over 900,000 personal customers with our Foundation account, providing them with the tools and resources they need to manage their finances effectively. This commitment to financial inclusion is a cornerstone of our mission to help build a more prosperous and equitable society.

Responsible Lending Practices

In addition to our Foundation account, NatWest is dedicated to responsible lending practices. As a major UK lender, we understand the importance of ensuring that our customers can access the credit they need without creating long-term financial stress. We employ a data-led approach to monitor lending usage and have processes in place to protect our customers, such as providing support to those experiencing financial difficulties.

By offering affordable credit and promoting responsible lending practices, we aim to empower our customers and foster a more inclusive financial ecosystem. At NatWest, we believe that everyone deserves the opportunity to achieve financial stability and security, and we are committed to making that a reality.

financial inclusion

“At NatWest, we are dedicated to supporting financial inclusion and providing basic banking services to underserved communities. Our Foundation account and responsible lending practices are just two ways we are working to create a more equitable financial landscape.”

Rewarding Travel with NatWest Credit Cards

Elevate your travel experiences with the NatWest Travel Reward credit card. Designed in collaboration with Visa, this innovative card offers a range of benefits to empower your financial journey.

With the NatWest Travel Reward credit card, you can earn 1% cashback on eligible travel expenses, including flights, trains, car rentals, and more. Additionally, you’ll enjoy 1% to 15% rewards when spending with selected partner retailers, such as Booking.com, National Express, and other popular travel brands.

Importantly, the card does not charge any foreign transaction fees on purchases made abroad, ensuring your travel funds go further. The representative APR and purchase rate are both 27.9%, based on an assumed credit limit of £1,200, providing a transparent and flexible payment solution.

Reward Rate	No Foreign Transaction Fees	Representative APR
1% on travel 1% to 15% at partner retailers	✓	27.9%

See more: Halifax Credit Cards: Simple Options for Savvy Shoppers

Earning and redeeming rewards with the NatWest Travel Reward credit card is effortless. Cardholders can choose to receive their rewards as cash, e-codes for partner retailers, or as charitable donations, offering flexibility and convenience.

Discover the freedom and flexibility of the NatWest Travel Reward credit card, designed to enhance your travel experiences and support your financial wellbeing. Explore the endless possibilities and start earning rewards on your next adventure.

Building Money Confidence

Achieving financial wellness is about more than just numbers – it’s about building the confidence to confront financial challenges and develop a positive relationship with money. According to Melanie Eusebe, an entrepreneur and author, financial wellness is a “constant investment and a commitment to making a change.” She encourages people to openly discuss their money issues, develop new habits, and be unashamed about learning what they don’t know. By taking these steps, individuals can take charge of their finances and work towards a more secure financial future.

Melanie Eusebe’s Advice on Financial Wellness

Openly discuss your money issues without shame or stigma.
Develop new financial habits and practices to improve your relationship with money.
Don’t be afraid to learn about personal finance – it’s a continuous process.
Take charge of your finances and work towards a more secure financial future.

“Financial wellness is a constant investment and a commitment to making a change.”

By following Melanie’s advice, individuals can build the confidence and skills needed to achieve financial wellness. It’s not just about the numbers, but also about cultivating a positive mindset and taking actionable steps to improve one’s financial situation.

financial wellness

NatWest Credit Cards: Flexible Payment Solutions

At NatWest, we understand that flexibility is key when it comes to managing your finances. Our credit card offerings provide customers with a range of payment solutions tailored to their individual needs. From contactless payments for convenient everyday spending to balance transfer options and 0% purchase offers, our credit cards empower you to take control of your finances.

One of the standout features of our credit cards is the lack of foreign transaction fees when used abroad. This means you can confidently use your NatWest card while travelling, without the added burden of hidden charges. Additionally, our credit cards boast a low interest rate of 12.9% p.a. (variable) on purchases and balance transfers, making it a cost-effective option for your borrowing needs.

Alongside these flexible payment features, our credit cards also come with no annual fee, ensuring that you can enjoy the benefits without ongoing costs. The representative APR stands at 12.9% (variable), providing you with a clear understanding of the overall cost of borrowing.

To further enhance your financial management, our credit cards offer a range of convenient payment methods, including Direct Debit, mobile app, Online Banking, and Open Banking (Payit). This flexibility ensures that you can quickly and easily settle your bills, regardless of your preferred payment method.

For those seeking to spread out their costs, our Instalment Plans allow you to divide purchases into manageable instalments, ranging from 3 to 24 months. This feature gives you the freedom to manage your spending in a way that suits your budget and financial objectives.

At NatWest, we’re committed to empowering our customers with the tools and resources they need to achieve their financial goals. By continuously innovating and enhancing our credit card products, we strive to provide you with the payment flexibility and control you deserve.

Empowering Customers’ Financial Futures

At the heart of NatWest’s credit card offerings is a steadfast commitment to empowering customers’ financial futures. By providing a comprehensive suite of digital tools, financial education programmes, and flexible payment solutions, the bank aims to help individuals manage their finances with greater confidence and control. Through its customer-centric approach, NatWest continues to evolve its products and services to meet the changing needs of its customers, ensuring they have the resources and support they need to achieve their financial goals and build a secure financial future.

See more: Unlocking Benefits: A Deep Dive into HSBC Credit Cards

In 2023, NatWest delivered 4.3 million financial capability interactions, contributing to a cumulative total of 18.4 million interactions since 2020. Additionally, the bank saw 0.6 million more customers start saving in 2023, bringing the cumulative total to 2.3 million customers who have started saving between 2020 and 2023. With an ambition to help 10 million people per year manage their financial wellbeing by 2027, NatWest remains committed to empowering its customers’ financial empowerment through innovative tools and personalized support.

By leveraging the latest digital technologies, NatWest is empowering its customers to take control of their finances. In 2023, 4.2 million customers accessed the ‘Know Your Credit Score’ feature, while 4.2 million customers used the spending trackers and budgeting tools in the mobile app at least twice. The bank also saw 395,000 customers turn on Savings Round Ups, and 175,000 customers set new savings goals, demonstrating the growing demand for financial education and tools that enable customers to build financial resilience.

Frequently Asked Questions

What are the key features of NatWest Credit Cards?

NatWest Credit Cards offer a range of features, including rewarding travel spending, no foreign transaction fees, flexible payment options, and contactless payments to provide seamless and secure payment experiences for customers.

How does NatWest support the financial wellbeing of its customers?

NatWest has set ambitious targets to support the financial capability of its customers, aiming to deliver 15 million financial capability interactions by 2023 and help 2 million additional customers start saving. The bank has also developed comprehensive financial education programmes, such as the MoneySense initiative, to help people, especially young people, develop good money management skills.

What digital tools does NatWest offer to help customers manage their finances?

NatWest has developed a suite of innovative digital tools, including the “Know Your Credit Score” feature, spending trackers, budgeting tools, Savings Goals, and Round Ups, to help customers manage their finances more effectively.

How does NatWest support financial inclusion?

NatWest offers a Foundation account, a no-fee personal current account designed for those with poor, little, or no credit history, or those going through bankruptcy. The bank is also dedicated to responsible lending practices, ensuring customers can access the credit they need without creating long-term financial stress.

What are the benefits of the NatWest Travel Reward Credit Card?

The NatWest Travel Reward Credit Card provides 1% back on eligible travel spending, including on flights, trains, car rentals, and more. It also offers 1% to 15% back at selected partner retailers and has no foreign transaction fees on purchases made abroad.

What advice does Melanie Eusebe give on building financial wellness?

Melanie Eusebe, an entrepreneur and author, encourages people to openly discuss their money issues, develop new habits, and be unashamed about learning what they don’t know. By taking these steps, individuals can take charge of their finances and work towards a more secure financial future.

What other flexible payment solutions do NatWest Credit Cards offer?

NatWest Credit Cards offer features such as balance transfer options, 0% purchase offers, and contactless payments.For more informations: https://www.natwest.com/