Is the NatWest Reward Card Worth the £24 Annual Fee?

The Quick Version

The NatWest Reward Credit Card is a mixed bag. It offers 1% cashback on supermarket spending and up to 15% at select retailers, but be wary of the hefty 31% APR and £24 annual fee. Great if you have a NatWest Reward current account, as the fee gets refunded. Otherwise, think twice.

Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.

The Fine Print

Here's what you need to know: The card carries a 31.0% representative APR (variable) and a £24 annual fee. However, if you have a NatWest Reward current account, that fee is refunded. Rewards include 1% back on supermarket spending and 1-15% back at participating MyRewards retailers. There's no foreign transaction fee, making it a travel-friendly option. More details can be found on NatWest's official page.

What's Actually Good

✅ The 1% cashback on supermarket purchases is a standout, especially if you spend heavily on groceries. Getting 1-15% back at selected retailers is also appealing, particularly for frequent shoppers. Another plus: zero foreign transaction fees, which is rare in this segment.

The Catch

❌ The 31.0% APR is a dealbreaker if you're not paying off your balance in full each month. The annual fee is £24 unless you bank with NatWest, which limits its appeal. The cashback rate drops to just 0.25% at petrol stations and everywhere else, so it's not great for general use.

Who Should Apply

If you're a frequent supermarket shopper with a NatWest Reward current account, this card could suit you well. It's also worth considering for those who travel often, thanks to the lack of foreign transaction fees. However, if you carry a balance, look elsewhere due to the high APR.

The Bottom Line

For savvy shoppers with a NatWest current account, this card offers decent rewards without an annual fee. Just be sure to pay off your balance monthly to avoid the punishing APR.