By: Ian Webb | Updated: 6th March, 2019.
The NatWest Student Credit Card offers students a chance to start building their credit rating. With a very competitive APR and manageable credit limit, the Mastercard credit card also has no annual fee. To be eligible, you must have a NatWest student current account, be 18+, a UK resident and be enrolled in a university or college course.Read full review >
|Representative rate||18.9% APR (variable)|
|Purchase rate||18.9% p.a. (variable)|
|Assumed credit limit||£500|
The NatWest Student Credit Card offers students a chance to start building their credit rating. With a very competitive APR and manageable credit limit, the Mastercard credit card also has no annual fee. To be eligible, you must have a NatWest student current account, be 18+, a UK resident and be enrolled in a university or college course.
NatWest’s Student Credit Card gives students the chance to start building their credit profiles. Students have the opportunity to learn how to manage a small credit-card debt before taking on bigger purchases later in life.
For 15 years, I taught both primary and secondary students. One thing that always stood out to me was that we do not teach financial literacy in schools, despite the fact that students nearly always lack knowledge in this critical subject. I have always had a keen interest in personal finance, debt management and wealth creation, so I decided to make a career change and become a financial planner/educator with the aim to provide sound, independent financial education. I moved to the UK three years ago, so I know personally what it is like to begin my credit history all over again, since financial institutions don’t take into account your overseas history. My commitment to you is to give you up to date, “no BS” information that will help you decide what is best for you.
The NatWest Student Credit Card is a no-frills basic credit card to get students started on their credit journey. The card doesn’t provide any introductory offers, and there are the usual penalties if you miss your minimum repayments or go over you credit limit.
The NatWest Student Credit Card ranks alongside its rivals with a competitive APR and has a lower fee than some cards do on overseas transactions. This card offers a lower credit limit than some similar cards. As with other student credit cards, the user must have a student bank account with the lender.
The NatWest Student Credit Card web page has an eligibility checker that checks whether you are eligible for the student credit card. This check does not affect your credit rating even if it comes back negative.
You must be at least 18 years old to be eligible for the card, have had a UK address for at least three years, and have a NatWest student current account. You must also be enrolled in a university or college course.
You can apply in a branch or online. If you plan to apply online, make sure to use the eligibility checker first. If the eligibility checker shows that you are not eligible then don’t apply, as a refusal would be recorded against your credit rating.
Make sure you have the required information ready when applying online, as well as details of your NatWest current account. The application will take approximately 10 minutes and you will receive a decision within five minutes. If you are accepted, you should receive your card in five to seven working days.
The NatWest Student Credit Card could be a good way for students with limited or no credit history to get started and build their credit rating. The NatWest card offers a manageable credit limit and a competitive APR, while some of its overseas fees are slightly lower than those of similar cards. If you currently bank with NatWest, the Student Credit Card could be worth having a look at.
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