NatWest Balance Transfer credit card review

2 min Read Published: 03 Nov 2020

NatWest Balance Transfer credit card review NatWest has two cards offering balance transfer deals. The NatWest Balance Transfer card, which we are reviewing here, offers a shorter interest-free period but doesn't charge as high a balance transfer fee as the NatWest Longer Balance Transfer card.

Key facts about the NatWest Balance Transfer credit card

  • Best for: Those looking for a low balance transfer fee
  • Introductory offer: Interest-free for 18 months on balance transfers and 3 months on purchases
  • Representative APR: 19.9% variable
  • Fees: 0.49% balance transfer fee, no annual fee
  • Perks: As it is part of the Mastercard network, cardholders have access to the Precious Cities rewards scheme

Pros of the NatWest Balance Transfer credit card 

  • Unlike with many other cards, you won't be taken off the introductory rate if you miss a payment, although you will still be liable for a late payment penalty
  • It has a relatively low balance transfer fee, which is a benefit if you have a large amount to move over
  • The mobile app lets you manage the card easily and includes a free feature that allows you to check your credit score

Cons of the NatWest Balance Transfer credit card

  • The card is only open to current NatWest customers with an existing current account, savings account or mortgage with the bank
  • Balance transfers are limited to 95% of your credit limit
  • You are only likely to be accepted for the card if you have an excellent credit score. You also need a minimum annual income of £10,000

How to manage your payments on the NatWest Balance Transfer credit card

You can manage your account through the mobile app or in NatWest branches

How to apply for the NatWest Balance Transfer credit card

Check whether you are likely to be accepted for the card by using NatWest's eligibility checker. Following that, you can apply online or at a NatWest branch

Alternatives to the NatWest Balance Transfer credit card

For other options, read our article "Best credit card in the UK"

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