RBS Reward Credit Card Review

Learn how to turn your bills, subscriptions, and everyday purchases into monthly bonuses, cashback opportunities, and smarter financial habits.

The RBS Reward Credit Card isn’t just about everyday cashback — it offers plenty of opportunities to stretch your spending power even further. Let’s dive deep into how you can make the most of it.

Practical Guide to Using Your Card

1. Set Up Two Direct Debits Immediately: To start earning your £5 monthly reward, set up two eligible Direct Debits as soon as you receive your card.
2. Use Mobile Wallets: Add your card to Apple Pay, Google Pay, or Samsung Pay for added convenience and security.
3. Pay Off Balances in Full: To avoid high interest after the 0% period ends, try to clear your balance monthly.
4. Track Spending Through the App: The RBS mobile app is intuitive and helps you stay on top of your rewards and expenses.
5. Redeem Rewards Regularly: Convert your MyRewards points to cash, vouchers, or donations before they expire.

FAQ: What Customers Often Want to Know

1. Are all Direct Debits eligible for the cashback bonus?
Most standard household bills are eligible, but check RBS’s updated list to be sure.

2. What happens after the 0% purchase period ends?
A standard interest rate applies, so it’s wise to clear large purchases within the promo period.

3. Can I use the card abroad?
Yes, but note the 2.75% foreign transaction fee.

4. How soon do I start earning rewards?
As soon as your Direct Debits are set up and active, you start accumulating rewards.

5. Is there a limit to how much I can earn?
The £5 reward is fixed monthly, but MyRewards points can vary based on promotions.

6. How do I redeem MyRewards points?
Log into your online banking or app, navigate to MyRewards, and choose cash back, vouchers, or donations.

7. What counts as an eligible purchase?
Most regular transactions; cash advances and gambling transactions usually do not count.

8. Will late payments affect my rewards?
Yes, missed payments can forfeit rewards and impact your credit rating.

9. Can I have multiple reward accounts?
You can only have one active Reward Credit Card account.

10. Is there an annual fee waiver after the first year?
No, the £28 fee applies annually starting from the second year.

Smart Hacks to Maximize Your Rewards

• Bundle Your Bills: Pay your mobile, broadband, and utilities via Direct Debit linked to your card.
• Strategic Large Purchases: Plan large purchases during the 0% interest period to maximise cash flow.
• Stay Alert to Promotions: Occasionally, RBS offers boosted rewards for shopping with select retailers.
• Use Partner Retailers: Certain shops offer extra points under the MyRewards scheme.
• Schedule Regular Check-Ins: Once a month, review your spending patterns and adjust Direct Debits if needed to maintain eligibility.
• Refer Friends: Some promotions offer bonus rewards for referring new cardholders.
• Use the Card for Subscriptions: Paying for streaming services or gym memberships can help you meet Direct Debit requirements easily.

Best Alternatives to Consider

If the RBS Reward Credit Card doesn’t fully meet your needs, here are strong alternatives:

• Barclaycard Rewards: Great for travel; no foreign transaction fees.
• Halifax Clarity Credit Card: Excellent for international spending; no fees abroad.
• American Express Platinum Cashback Everyday Card: Higher cashback potential but limited acceptance.

Always evaluate the key features of alternative cards, such as introductory offers, cashback rates, annual fees, and overseas transaction charges. Choosing a card that aligns closely with your spending habits can make a significant difference in the benefits you reap.

Final Thoughts

The RBS Reward Credit Card is a brilliant choice for anyone looking to add passive income to their monthly routine without major changes in spending habits. While the annual fee after year one is a factor to consider, consistent use of Direct Debits and mindful spending strategies can easily offset the cost.

For those who love simple rewards, robust mobile features, and strong security, this card remains a front-runner in the UK market. Evaluate your personal spending habits, plan your Direct Debits wisely, and you’ll make this card work beautifully for you.

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