Finances are the most predominant part of our lives, mainly because we all use our finances to sustain ourselves. Hence, it is vital to have a good and healthy relationship with a financial institution that provides good customer service, good customer support, quality services, and products coupled with customer loyalty rewards. One of the best financial institutions that offer the factors we just mentioned is NatWest. Here we are going to talk more about NatWest Rewards and how to earn points/rewards?
About NatWest
National Westminster Bank better known as NatWest bank, is a large retail banking company that was established in March 1968 in the United Kingdom, Europe.
What makes NatWest outstanding is that it is made up of approximately 250 previous and current banks that have merged over the years.
The three main companies that make up NatWest
- National Provincial Bank
- Westminster bank
- District Bank
The three banks stated above are represented by the three chevrons in the NatWest logo.
“Innovation” is the key factor that largely contributed to the success that NatWest achieved over the years. This bank is among the first banks to introduce ApplePay and also TouchID security.
NatWest has partnered with the following organizations in Europe:
Citizen Advice
NatWest uses this partnership to ensure that customers are given good financial advice.
The Prince’s Trust Enterprise
Through this partnership, NatWest provides youth empowerment.
Southbank Center
NatWest is involved in their yearly “Winter Festival”.
England and Wales Cricket Board
NatWest provides access to cricket game tickets for their customers.
Rugby Football Union
Through this partnership, NatWest can provide rugby rewards to its customers.
National Trading Standards (NTS)
This is the most current partnership that aims to develop appropriate industry standards that will safeguard customers from fraud.
Products and services offered at NatWest
NatWest offers the following:
- Overdraft:
NatWest provides overdrafts to their clients.
To apply, you must be a United Kingdom resident who is 18 years or older. You must also have a current account at NatWest.
- Current accounts:
NatWest offers different fee-free current accounts to their customers. You can also select from a variety of Rewards accounts.
All the current accounts are offered to persons who are 18 or above and they must be UK residents.
- Mortgages:
NatWest assists its customers in saving money on their mortgages by providing a range of tools.
- Credit Cards:
NatWest offers credit card options to its customers.
You need to be over 18 to qualify
- Investments:
You can start by investing only £50.
- Savings:
NatWest provides a range of savings options suitable for everyone.
NatWest also assists businesses employing the following:
- Assistance on how to start your business.
- Assistance on how you can manage your business.
- Assistance on how you can grow your business.
Additionally, NatWest provides help and support to their clients by providing timely financial advice through their website.
On their website they offer the following to their clients:
- Advice on the different ways to bank.
- Information about security and fraud
- Sector enterprise
- Support center
NatWest rewards
MyRewards:
This refers to a customer loyalty program offered by NatWest.
Customer who joins the MyRewards program can earn points/rewards as they continue to you their NatWest products and services.
How can you join the MyRewards program?
- Open a MyRewards account on the NatWest website.
- To earn rewards, open a NatWest product (a rewards account of your choice).
- All the rewards that you earn will be added to your MyRewards account.
- You can also use your rewards to contact the Customer service team if you don’t have access to the internet.
How to earn points/rewards?
Earning a reward is straightforward. You earn rewards every time you make transactions on your NatWest account. However, how you earn your rewards may differ and the number of rewards you get may also differ.
You earn rewards from the following accounts:
- Reward account
- Reward Silver Account
- Reward Platinum account
- Premier Reward account
- Reward Black account
- Student account
- Graduate account
- Select account
- Select Silver account
- Black account
- Tailored account
- Reward Credit Card
- Reward Black Credit card
You do not earn rewards if you:
- Buy using your Reward Credit Card or Reward Black Credit Card.
- Buy using your NatWest debit card.
- Make direct deposits that are:
- Less than £4.50 on your Reward Black accounts or your Premier Reward accounts.
- Less than £2 on your Reward Silver account, Reward Platinum account, or even your Reward account.
- SEPA Direct Deposits.
- Unpaid or rejected.
How can you utilize your Rewards?
When your rewards are available for you to use, you can use them in the following ways:
Donate them
You can exchange your rewards so that you can donate to a selected charity.
Trade them up
You can exchange your rewards for vouchers or even tickets so that you can use them at selected retailers only.
Bank them
You can exchange your rewards for cash. The cash can then be transferred into your credit card or your current account.
Closing your MyRewards account
If for any reason you chose to close your MyRewards account, please take note of the following:
- You can exchange your remaining reward for cash and then transfer the cash to your bank account.
- You only have a total of 90 days to exchange your rewards for cash.
- Contact the NatWest customer service department for further details.
For more information, please download the pdf document titled “my-rewards-terms“, on the NatWest website.
FAQs
Are rewards monetary?
Your rewards are not monetary up until you exchange them.
Can I cancel my Rewards exchange?
No, you cannot cancel your option once you have confirmed it.
When can my MyRewards account be suspended?
NatWest can suspend your account for the following reasons:
- If you are utilizing your MyRewards account for any business activities.
- If you break the terms and conditions of your credit card or your current account
- If NatWest contacts, you for using your MyRewards for inappropriate activities.
Does MyRewards work with joint accounts?
If you have a joint account, each individual will have their own MyRewards account so that they can earn their rewards.
Conclusion
NatWest is one of the largest companies in the financial sector and they are determined to develop and grow even further by providing the best products and services to their clients!
