NatWest & Visa Launch New Travel Reward Credit Card with Cashback

NatWest Group has partnered with global payments giant Visa to introduce a new travel reward credit card for UK customers. 

The launch comes as the travel industry continues to rebound from the pandemic, with consumers increasingly seeking value and flexibility in their financial products.

Now available to NatWest customers, the new card offers a suite of features designed to reward frequent travellers, by offering 1% cashback on eligible travel expenditures, encompassing a wide range of categories including flights, trains, car rentals, ferries, buses, hotel accommodation, travel agents, cruises and campsites.

In addition to the travel-specific rewards, cardholders can earn between 1% and 15% cashback at selected partner retailers, although these specific partners are yet to be disclosed. 

NatWest: Tiered rewards for customers 

The card’s tiered reward structure reflects a growing trend in the credit card industry towards more targeted and potentially lucrative reward schemes.

One of the card’s most attractive features is the absence of foreign transaction fees on purchases made abroad, a significant benefit for international travellers who often face substantial charges for overseas spending. 

This aligns with a broader industry shift towards reducing or eliminating such fees, as issuers compete for the valuable frequent traveller segment.

The card also boasts no annual fee, positioning it as an accessible option for a wide range of consumers. This fee-free approach is particularly noteworthy given the card’s travel-focused benefits, as many premium travel cards in the market typically charge annual fees.

Salim Secretary, Head of Payment Schemes and Partnerships at NatWest Group, says: “Our new Travel Reward Credit card is rewarding our customers with one percent back on their travel spend. 

“It is through our long-term collaboration with Visa that we have been able to further extend the choice of cards available to our customers.”