NatWest Balance Transfer
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Want to enjoy a whole year with an interest-free credit card? This is the welcome gift that NatWest Balance Transfer credit card holders can enjoy.
But is that all you can enjoy? The answer is no, as there are many other advantages, as well as some disadvantages.
In this article we consider both the strengths of becoming one of the candidates and the disadvantages of making this decision.
What are the most advantageous cards in England?
Why we recommend the NatWest Balance Transfer credit card
If the world of finance had a super villain, just like in the movies, I think we could consider interest rates the main villain.
Because they end up bringing with them the possibility of debt, but it doesn’t stop there, you need to consider the rates before any purchase, which is not convenient.
It is precisely from this point that we arrive at the great advantage of the NatWest Balance Transfer credit card, its exemption from interest rates.
Other financial products may even offer this benefit, but most commonly this feeling is only valid for the first 60 days.
However, with NatWest Balance Transfer this has been taken much further, where once approved, the exemption is valid for one year, where a 0% rate is applied.
This is certainly a great advantage of the NatWest Balance Transfer card, however, it is not the only advantage of becoming a cardholder.
Well, we could also mention how this is a complete financial product, something fundamental so that your purchases do not become complicated.
What can I use the NatWest Balance Transfer credit card for?
Understanding the best uses for NatWest Balance Transfer credit cards is very important and will help you avoid a big problem.
This would mean not using all the features of this financial product, using it only for what more basic credit cards could do.
Therefore, we have selected some of the main ways of using this financial product, which will be covered in great depth.
However, these two methods of use are far from the only ways to have a good experience with NatWest Balance Transfer, so it is worth doing some further research.
12 months interest free on balance transfer
Have you ever heard of balance transfer? This is a feature that most credit cards have, but there are some things to consider.
Interest rates may make it less advantageous to transfer debt from one credit card to another, due to the increase in value.
However, NatWest Balance Transfer credit cards have a benefit that makes life much easier for those who like to use this feature.
Where holders can transfer the balance for 12 months without having to worry about interest rates, this period starts from the moment of activation.
Interest-free purchases
Do you want to make purchases with a credit card? Interest rates can also be problematic for you, especially when they are abusive.
The good news is that on NatWest Balance Transfer credit cards, the fee waiver doesn’t just apply to those making balance transfers.
However, it is important to pay attention to the term, because while in previous use the 0 rates last 12 months, in purchases they only last 90 days.
In both cases, the benefit starts to apply from the moment the NatWest Balance Transfer credit card is activated, more information is available in the app.
Benefits of the NatWest Balance Transfer Credit Card
Checking the main uses of your credit card can even be a very efficient way of planning to make good use of this financial product.
However, that’s not all, it’s still necessary to carefully check what the main benefits of being approved for NatWest Balance Transfer cards are.
To do this, we selected the main strengths, which we list below. Check out the biggest benefits below:
- 12 months with 0 transfer fees
- 3 months with 0 interest rates on purchases
- Contactless payment
- Flexible credit limit
- Completely remote credit application
- Insurance for online shopping
Disadvantages of NatWest Balance Transfer Credit Card
Despite the waived balance transfer fee for the first 12 months, and the absence of a purchase fee for the first 90 days, the fees can still be a downside.
After this period, you will need to pay some fees and charges that can be quite high, especially when it comes to transferring balances.
Where rates are close to 27%, something that may not be advantageous for those who want to use this function with a certain frequency, as the rate may be quite heavy.
How is the credit analysis carried out on the NatWest Balance Transfer credit card?
For the credit analysis of the NatWest Balance Transfer card, the bank in question uses the credit score of the applicants for ownership.
This same strategy is used when requesting other loans, which is not only valid for those requesting the card, as this also applies to loans and other financial products.
The more points the interested party has, the easier it will be to become one of those selected for approval, in addition to the more attractive initial limit.
Is there a maximum and minimum amount for the NatWest Balance Transfer credit card?
We carried out a brief search regarding the credit limit of NatWest Balance Transfer cards, but we did not find any information regarding the maximum.
Meanwhile, we found information regarding the minimum limit that holders can count on in this financial product.
Where, you can use the card with a minimum limit of 250 Euros, as for higher amounts, everything varies according to the financial profile of each customer.
If the initial limit on the NatWest Balance Transfer credit card is too low, cardholders can request a new credit check.
Want to apply? Learn how to get the NatWest Balance Transfer credit card right here
Want to learn how to apply for the NatWest Balance Transfer credit card? To do so, click the button below and check out the application steps.
