Savings Accelerator Credit Card

Your Savings Accelerator Credit Card is linked to a NatWest First Reserve savings account. If you don’t already have a First Reserve savings account you will need to open one at the same time as you apply for the Savings Accelerator Credit Card.

The more you spend the more of a boost your savings receive. If you make a purchase on your card within the first 45 days from account opening, for the first 90 days you will receive a 3% bonus interest enhancement to your First Reserve account.

Then you could benefit from a bonus of up to 3% every 90 days on top of your standard rate, depending on your level of average monthly spend. For details of the standard rates that apply to your First Reserve account, please see our Savings Rates.

The Equivalent Monthly Spend is your total spend on Purchases over a period of 90 days divided by 3 and rounded to the nearest pound. The first 90 day period over which an Equivalent Monthly Spend is calculated will commence on the date that you open your Card and Equivalent Monthly Spend will be calculated for each consecutive 90-day period thereafter.

This diagram is for illustrative purposes only. Earnings are based on having a balance of £5,000 in your First Reserve Account, and applying the bonus interest rates depending on the level of average monthly spend on your credit card.

Savings Balance of £500

Savings Balance of £1000

Phone, in-branch and online– manage your savings account your way

Start saving with £1- and there's no minimum balance

Tiered interest rate– the more you save, the more interest you earn

No penalties– we don't charge you for withdrawing your money

Quarterly interest– paid directly into your account

Fast transfers– it's quick and easy to move money between First Reserve and your other NatWest accounts

Get the savings habit– set up a standing order and watch your savings grow

Cash machine withdrawals– get your money at cash machines showing the Solo logo

Interest paid quarterly.
Last updated on: 2 Jan 2009.

Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.

Gross Rate. This means the interest rate you are paid before the deduction of income tax.

Net Rate. This means the interest rate you are paid after the deduction of income tax.

Manage your credit card online

Check your balance or make a payment from your computer.

Worry-free payments

A Direct Debit means you’ll always pay your bill on time. Settle the balance in full or choose any other amount. However, we don’t recommend just making the minimum payment and you must have sufficient funds to pay your direct debit successfully.

Credit limit increase

You can ask us to review your credit limit after you’ve had the card for six months.

Move funds to a bank account

You can transfer money from your Savings Accelerator Credit Card to any UK bank account. You simply pay your money transfer rate from the date of the transfer, and the minimum transfer is £250. See our rates and charges.

Cash advance

Your Savings Accelerator Credit Card gives you access to £300 each day, from cash machines around the world. The amount you can withdraw depends on your credit limit, and there’s a 3% handling fee - a minimum of £3.

Purchases

Pay a low rate of just 4.9% on all your purchases for a whole nine months from account opening.

After the introductory period, your purchases will be charged at your standard rates. For more about purchases – see our rates and charges.

Transfer your balances

Why not consolidate your existing debt into one easily manageable sum by transferring balances from your existing cards to your NatWest Credit Card.

There is no fee and so your transferred balances will just be charged at your standard rates. Find out more about balance transfers – see our rates and charges.

Transfer up to a limit of 95% of your credit limit

If your new Savings Accelerator Credit Card has a limit of £2000, you could switch up to £1900 of your existing balances.

Interest-free period every month

If you pay your balance (and your previous month's balance) in full and on time each month you'll enjoy up to 56 days' interest free credit on all purchases.

No annual fee

We don’t send you a bill just for choosing a Savings Accelerator Credit Card.

1% discount on the APR

If you also have an Advantage Gold current account you are guaranteed a 1% initial discount on our standard credit card rate for at least 12 months. Rates variable.

Add another cardholder

Who do you know that would really appreciate being on your credit card account? Just remember that although they’ll be able to spend on your account, you’ll always be responsible for the card.

NatWest Wine Club

Look out for cardholder-only offers, as well as the occasional free gift.

NatWest Travel Service

Book holidays and work trips with a great choice of discounts, including air tickets and hotels.

To benefit from the full period of any special offer, including any introductory special offers, you must not break any term of your credit card agreement.

The NatWest Savings Accelerator Credit Card is available subject to approval, only to persons with an income of at least £10,000 p.a., and aged 18 or over, and who hold a NatWest First Reserve savings account. These services are for the attention of UK residents only and are only available in the UK. Please view Summary Box for important information on interest and charges.

Please visit your nearest branch to apply.

The information you provide will be subject to a credit search with a credit-scoring bureau. Each time a credit search is conducted it is recorded against your details held at the credit-scoring bureau.

To complete an application you should have the following: Income details, Bank or Building Society details, Employer's name, address and telephone number, Details of a previous address if you've lived at your current address for less than two years, and Details of other credit or store cards (should you wish to transfer a balance to NatWest).