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NatWest Longer Balance Transfer Credit Card *

By: Kate Anderson | Updated: 8th July 2020.

The NatWest Longer Balance Transfer Card rewards existing customers. With a headline offer of 28 months interest-free on balance transfer, the card provides a long runway for those looking to get out from under high interest-rate charges. But you need to be a NatWest customer in order to apply.

Great for: Very long balance transfer period
4 stars question mark

If you’re a current NatWest customer looking for a long 0% balance transfer period, this could be just the offer for you. This card offers 28 months of 0% interest for 28 months from account opening on balance transfers made in the first three months. A 2.75% balance transfer fee applies. This card also provides 0% on purchases for three months.

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CREDIT RATING req:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • Note: You must be a current NatWest customer (current account, savings account, credit card or mortgage), be 18 or older, a UK resident and earn at least £10k per year to apply
  • 0% interest for 28 months (starting from account opening) on balance transfers made in the first 3 months (after which standard rates apply)
  • 2.75% balance transfer fee
  • 3 months 0% interest on purchases
  • No annual fee

REPRESENTATIVE EXAMPLE

Representative 19.9% APR (variable)
Purchase rate 19.9% p.a. (variable)
Assumed credit limit £1,200
Annual fee £0

* This is an offer from one of our affiliate partners. Click here to learn more about why and how we work with partners.

what we like

  • 0% interest for 28 months (starting from account opening) on balance transfers made in the first 3 months
  • 3 months 0% interest on purchases
  • No annual fee
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    19.9%
  • INTRO OFFER:

    0% interest for 28 months from account opening on balance transfers made in the first 3 months

    0% interest on purchases for 3 months

KEY SCORES:

  • 3/5 Perks
  • 3/5Fees
  • 5/5APR

HIGHLIGHTS

  • Note: You must be a current NatWest customer (current account, savings account, credit card or mortgage), be 18 or older, a UK resident and earn at least £10k per year to apply
  • 0% interest for 28 months (starting from account opening) on balance transfers made in the first 3 months (after which standard rates apply)
  • 2.75% balance transfer fee
  • 3 months 0% interest on purchases
  • No annual fee

REPRESENTATIVE EXAMPLE

Representative 19.9% APR (variable)
Purchase rate 19.9% p.a. (variable)
Assumed credit limit £1,200
Annual fee £0

* This is an offer from one of our affiliate partners. Click here to learn more about why and how we work with partners.

Bottom line

NatWest likes to reward its existing customers – and that’s exactly what it does with this card. Exclusively for customers of the Royal Bank of Scotland Group, the Long Balance Transfer Card offers 0% on balance transfers for 28 months. This is just under two-year and a half interest-free on balance transfers. However, don’t expect many other extras. The card has a relatively short interest-free period for purchases at three months, and carries a balance transfer fee of 2.75%.

What’s great about this card

Balance transfer offer – The main attraction of this card is its long interest-free period for balance transfers. At 28 months, this is comparable to some of the other best buy deals available on the market. It would essentially give you just shy of two and a half years to clear your balance, and therefore avoid costly interest charges on your debt.

Purchases offer – This card doesn’t offer much in the way of other ‘extras’. But what you can find is 0% on purchases for three months. While not a substantial amount of time, it is something. And if you are taking the card out for its interest-free balance transfer offer, you’ll want to focus on paying off your balance rather than adding to it anyway.

Good account management – When you take a card out with a provider such as NatWest you can expect a certain level of account management. NatWest’s mobile app has a range of features to help you keep your credit account in check. You can choose to control your spending through locking and unlocking certain transaction types in your app. Similarly, you can set yourself a daily or monthly budget for your credit card spend. If you exceed this you will receive a notification straight to your phone. If you are someone who has struggled with debt in the past, these could be useful features to help keep you on the straight and narrow.

Why trust me


Kate Anderson
I worked on the front line of personal-finance best buys for over eight years at one of the world’s largest research companies, Nielsen. I reported daily on the developments of the 2008 financial crisis and beyond, keeping up with the changing financial landscape and providing insights to all the major banks in the UK. I know the key players in the market and the tactics behind how they behave. All of which I will apply to highlight the best deals and give honest reviews to help you in your search.

What’s not so great

Existing customers only – If you don’t hold a current account, savings account, credit card or mortgage with NatWest or Royal Bank of Scotland then you are unable to apply for this card.

Balance transfer fee – While you will benefit from a long interest-free period for balance transfers with this card, you’ll still have to pay a balance transfer fee. At 2.75% this is inline with the market average. However, it does mean that if you are transferring a balance of £5,000, you will be required to pay £137.50 in fees.

Other fees – The card also comes with other fees if you chose to use it abroad or if you withdraw cash using your card. It has a foreign transaction fee of 2.75% and a cash advance fee of 3%.

How it compares

This card offers a comparatively long balance transfer offer. At 28 months, you could have just under two and a half years to pay off your balance interest-free. Yes, it carries a balance transfer fee, but most cards of this type do. Especially those that have longer interest-free periods. The good news is that the balance transfer fee is just below the market average.

The fact that it is only available to existing customers is something to note. If you don’t already bank with NatWest then you won’t be eligible to apply.

Why use a balance transfer card?

A balance transfer credit card can be a great way to get yourself out from under high interest charges. If you have an existing balance sat on a regular credit card, you could find yourself struggling to pay the interest and the balance off. However, if you were to switch to a balance transfer credit card, you would no longer have to pay interest on your balance and could instead focus solely on paying it down.

The key to this type of card is to use the interest-free window to pay your debt down at your own pace. In order to really benefit from a card like this, it is best to work out a repayment plan which will result in your balance being completely repaid before the interest-free period comes to an end. At this point, the card will revert to its standard rate, and any remaining balance will start incurring interest charges.

A balance transfer card can help to reduce the cost of your borrowing and can be a handy financial tool if used correctly. Yes, balance transfer cards with the longest interest-free periods tend to carry balance transfer fees. But just try to build this into your calculations of how much money you will save from not paying high interest charges on other credit cards.

This type of card is not right for everyone and it has to be used to correctly in order to feel the benefits. However, if you are able to stick to a repayment plan and clear your balance before the end of the interest-free period, you could significantly reduce the cost of your borrowing.

How do you apply?

In order to apply you will need to log into your NatWest online banking. If you aren’t already registered, you can do so in 5 minutes. You will just need to provide your sort code and account number, and details of your NatWest debit card if you have one.

As part of the application you will also be required to provide information about your income, outgoings and employment. The card also has a minimum annual income requirement of £10,000.

Who is this card great for?

This card is great for existing NatWest customers who are looking to get out from under high interest charges on existing credit card balances. Its comparatively long balance transfer offer gives a long runway in order to pay off debt. And while it does carry a balance transfer fee, it is just below average at 2.75%.

It is also best suited to those who have a ‘good/excellent’ credit score and who meet the minimum annual income requirements of £10,000.

See the best balance transfer credit cards


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