NatWest Reward Credit Card earns 1% back on groceries and up to 15% at partner retailers.
NatWest Reward Credit Card
1% supermarket cashback No fee with Reward accountThe NatWest Reward Credit Card offers a straightforward rewards structure for everyday UK spending. It suits shoppers who want consistent cashback without complex point conversions or tiered memberships.
The card carries a £24 annual fee. However, NatWest waives this automatically if you hold a qualifying Reward current account, making it effectively free for many existing NatWest customers who bank there already.
The representative APR sits at 31.0% variable. Therefore, carrying a balance each month will reduce the value of any rewards earned, so clearing the balance regularly is advisable.
Key Benefits of the NatWest Reward Credit Card
- Earn 1% back in Rewards on supermarket spending
- Get 1–15% back at chosen MyRewards retailers
- 0.25% back on all other spending, including petrol stations
- Annual fee refunded when holding a NatWest Reward current account
- Eligibility checker available that will not affect your credit score
How Does It Work
Rewards accumulate automatically on eligible purchases. Supermarket spending earns 1% back, while all other general spending earns 0.25%. In addition, shopping at MyRewards partner retailers can return between 1% and 15% back.
Rewards are redeemed via the NatWest app or online banking. You can convert them into cash or use them toward selected partner offers. The process is simple and does not require a separate loyalty account.
Before applying, NatWest provides an eligibility checker. This tool gives a personalised result without leaving a hard footprint on your credit file. Consequently, you can assess your chances with no risk to your score.
Comparative Table
| Feature | NatWest Reward Credit Card | Sainsbury’s Bank Nectar Credit Card | American Express Preferred Rewards Gold Card |
|---|---|---|---|
| Annual Fee | £24 (waivable) | £0 | £0 first year, then £195 |
| Supermarket Rewards | 1% back | Nectar points at Sainsbury’s | Points on all spending |
| General Spending Rate | 0.25% back | Lower outside Sainsbury’s | Points-based system |
| Partner Retailer Bonus | Up to 15% | Limited | Membership Rewards partners |
| Eligibility Checker | Yes, no credit impact | Yes | Yes |
Who Is This Card Best For
This card works well for regular supermarket shoppers who want straightforward cashback. The 1% return on grocery spending delivers consistent value without requiring loyalty to a single supermarket chain.
Moreover, NatWest Reward current account holders benefit the most. The waived annual fee means they access all rewards at no cost, making the card notably competitive against no-fee alternatives.
It is less suitable for frequent international travellers or those seeking premium travel perks. In contrast, cards like the American Express Preferred Rewards Gold Card target that audience more directly.
Overall, the NatWest Reward Credit Card suits budget-conscious spenders who prioritise simplicity, everyday cashback, and the reassurance of a well-established, trusted high-street bank supporting their credit product.
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