The NatWest Reward Platinum account is a premium current account designed for extra value. It offers monthly cashback, international usage with no fees, and bundled insurance services.
Existing NatWest customers can easily upgrade online. This guide explains how to request the card and what features it includes.
What You Need to Know About the Reward Platinum Account?
Before applying, it helps to understand what makes the Reward Platinum account different. This section explains its perks, costs, and who can open one.
A Premium Account With Monthly Perks
The Reward Platinum account is designed for customers who want more than basic banking. It includes travel insurance, breakdown cover, mobile phone protection, and monthly cashback.
The account costs £22 per month, which you pay automatically. You must already hold a NatWest current account to apply.
Who Can Apply for This Account?
To apply, you must be at least 18 years old and a UK resident. You must also have a valid NatWest current account.
If you don’t have one, you need to open a basic account before upgrading. Credit checks and eligibility assessments apply.
How to Apply for the NatWest Reward Platinum Account?
To apply for the NatWest Reward Platinum account, you must already hold a current account with the bank. The process is quick and done online or through the mobile app.
Step-By-Step Application Process
Here are the steps to apply for the NatWest Reward Platinum account. The process is simple if you’re already a NatWest customer:
- Log in to your NatWest online banking or mobile app.
- Go to the “Upgrade Account” or “Reward Account” section.
- Select the Reward Platinum account from the list of available options.
- Review the terms and confirm your acceptance of the £22 monthly fee.
- Submit your application for processing and await confirmation from the bank.
Application Requirements to Keep in Mind
Before applying, make sure you meet all the account requirements. These conditions help ensure your request is processed smoothly:
- You must already be a NatWest current account holder.
- Your account should be active and in good standing.
- You may be asked to verify your identity again.
- You must read and agree to all terms before submitting your request.
Monthly Rewards and Benefits
This account allows you to earn cashback just by using it actively. Here’s how you can make the most of the reward system each month.
What You Can Earn and How?
You can earn up to £5 per month in cashback. You get £4 for maintaining two direct debits of at least £2 each. You earn £1 more if you log in to the mobile app once a month. Rewards accumulate and are credited to your account.
What You Can Do With Your Rewards?
Once you earn £5, you can use it in multiple ways. You can transfer it to your NatWest account. You may exchange it for gift cards or e-codes. You can also donate it to supported charities.
Additional Features That Add Value
This account includes valuable extras that go beyond typical banking services. These features enhance your lifestyle and offer practical protections.
Travel and Lifestyle Protection Included
You get worldwide family travel insurance, which covers trips and emergencies. UK roadside assistance is also included, offering breakdown support.
Your mobile phone is covered in case of theft or accidental damage. These benefits come at no extra cost beyond the monthly fee.
Easy and Flexible Payments
The account comes with a fee-free debit card for international use. You can make purchases abroad without worrying about extra fees.
It supports Apple Pay, Google Pay, and contactless payments. This makes your everyday spending easier and more secure.
Exclusive £150 Switching Bonus
This switching bonus is a key benefit for new customers opening a Reward account. You can earn extra cash by meeting a few simple conditions during the application process.
How to Qualify for the Switch Offer?
You can get a £150 bonus for switching your main account to NatWest. First, open or upgrade to a Reward account. Use the Current Account Switch Service to move your old account.
Deposit £1,250 and log in to the app within 60 days. Follow these steps and receive the bonus in 30 days.
Additional Terms of the Offer
You must not have received a switch bonus from NatWest within the last 12 months. All payments must be cleared, and your account must stay open.
Only UK residents with a valid current account can apply. Bonus payments are made directly to your account.
Fees, Rates, and Important Conditions
Understanding the fees and rates tied to this account is important before applying. Below is a breakdown of what you need to consider.
Monthly Maintenance Fee
The Reward Platinum account has a fixed monthly fee of £22. This is debited automatically from your account.
It covers the added services and insurance benefits. No refunds are provided if you cancel mid-month.
Interest and Overdraft Charges
Overdrafts are available based on eligibility. The typical rate is 39.49% APR (variable) for arranged overdrafts.
No interest-free buffer is included unless agreed in advance. Always review your overdraft terms.
Usage Limitations and Changes
Some limits apply to mobile payments and international transactions. Insurance coverage is subject to exclusions and conditions.
Monthly rewards require account activity to stay valid. Always read the account guide before applying.
Contact and Support Information
If you need help or have questions about your account, NatWest offers several ways to get in touch. You can contact them by phone, through their website, or visit a local branch.
Where to Get Help or Ask Questions?
If you have questions, contact NatWest directly.
- Phone (UK): 03457 888 444
- From Abroad: +44 3457 888 444
- Registered Address: 250 Bishopsgate, London, EC2M 4AA You can also apply or manage your account at natwest.com or through their mobile app.
Disclaimers: All rewards, benefits, and services are subject to change. NatWest can update the conditions at any time. Your application is subject to checks and approval.
Conclusion: Should You Choose the Reward Platinum Account?
If you want a current account with premium features, the NatWest Reward Platinum delivers strong value. The £22 monthly fee can be balanced by the cashback and insurance coverage.
The £150 switch bonus adds extra appeal if you’re new to NatWest. Be sure to review all terms carefully before committing to the account.
