How to Apply for your RBS Purchase & Balance Transfer card

The Royal Bank of Scotland (RBS) Purchase & Balance Transfer Card is designed for individuals looking to manage their finances more effectively, especially regarding large purchases or outstanding credit card debt.
With a competitive 0% interest offer on purchases and balance transfers for 19 months, this card allows you to save on interest while you spread out your payments.
Whether you want to manage a significant purchase or consolidate existing debts, the RBS Purchase & Balance Transfer Card offers flexibility and ease of use with no annual fee.
The card is available to UK residents who meet specific criteria, making it a versatile option for those seeking control over their finances.
Benefits of the RBS Purchase & Balance Transfer Card
0% Interest on Purchases for 19 Months
One of the key benefits of the RBS Purchase & Balance Transfer Card is the 0% interest on purchases for the first 19 months. This allows you to make large purchases and pay them off gradually without accruing interest.
Whether it’s buying furniture, booking a holiday, or making any other big-ticket purchase, you can spread the cost over time.
However, it’s important to note that the 0% interest period starts as soon as you open your account, so planning your purchases within that timeframe is crucial.
0% Interest on Balance Transfers for 19 Months
In addition to purchase benefits, the card offers 0% interest on balance transfers for 19 months from the date of account opening. This can be an excellent way to manage existing credit card debt by transferring it to this card and avoiding interest charges for a significant period.
Keep in mind that a 2.99% balance transfer fee applies, but with no interest for almost two years, it’s still an attractive option for reducing debt.
Global Acceptance at Mastercard Locations
As part of the Mastercard network, the RBS Purchase & Balance Transfer Card can be used worldwide, both in-store and online. This makes it ideal for frequent travelers or those who shop internationally.
Mastercard’s wide acceptance means that you’ll rarely find yourself unable to use your card, giving you flexibility wherever you go.
Mobile App Management
The RBS mobile app allows you to stay on top of your spending with ease. You can monitor your balance, make payments, and track your spending patterns, all from your phone.
This functionality gives you greater control over your finances and helps ensure that you don’t miss any important payments.
The app is designed with convenience in mind, allowing you to manage your card on the go, with notifications and spending alerts that keep you informed.
No Annual Fee
Another major perk of the RBS Purchase & Balance Transfer Card is that it comes with no annual fee. This makes it a cost-effective option, especially for those who want to take advantage of the 0% interest offers.
By not having to worry about an additional yearly cost, you can focus on paying down balances or spreading out the cost of purchases.
What You Should Have to Apply
To be eligible for the RBS Purchase & Balance Transfer Card, there are several prerequisites you must meet:
- Age: Applicants must be at least 18 years old.
- Residency: You need to be a UK resident.
- Income: The minimum annual income requirement is £10,000.
- Credit Rating: While not explicitly stated, a good credit score is generally needed to qualify for the best offers.
These requirements ensure that applicants have the financial stability to manage their credit responsibly.
About the Royal Bank of Scotland (RBS)
The Royal Bank of Scotland is one of the UK’s leading banks, known for its long history and commitment to providing excellent financial services. RBS is a member of the NatWest Group, which is one of the largest banking institutions in the UK.
The bank offers a wide range of products and services, including personal and business banking, loans, mortgages, and investment services.
With a focus on customer service and innovation, RBS continues to adapt to the needs of modern consumers, offering digital banking solutions alongside its traditional branch services.
RBS is also committed to responsible lending, ensuring that customers understand the products they are using and can manage their finances effectively.
The Purchase & Balance Transfer Card is a prime example of the bank’s commitment to providing flexible and beneficial financial solutions.
How to Apply for the RBS Purchase & Balance Transfer Card
Applying for the RBS Purchase & Balance Transfer Card is quick and straightforward. Here’s a step-by-step guide to get you started:
- Go Online: Visit the RBS website and locate the Purchase & Balance Transfer Card application page.
- Fill Out the Application: Provide basic personal information such as name, date of birth, and contact details.
- Verify Your Identity and Address: You’ll need to upload documents like:
- Proof of ID: A driver’s license, passport, or EU/EEA National ID card.
- Proof of Address: A recent utility bill, bank statement, or council tax bill.
- Submit Your Income Information: You must show that you meet the minimum annual income requirement of £10,000. This can be done by providing recent payslips or bank statements.
- Review and Submit: Double-check your information, agree to the terms, and submit your application. You’ll usually receive a decision within minutes.
Once approved, your card will be mailed to you, and you can start using it right away!
Fees and Tariffs
While the RBS Purchase & Balance Transfer Card offers substantial savings through its 0% interest periods, there are still fees you should be aware of:
- Representative APR: 24.9% (variable). This applies after the 19-month promotional period ends on both purchases and balance transfers.
- Balance Transfer Fee: A 2.99% fee applies to any balance transfers made within the first three months of account opening.
- Purchase Rate: 24.9% p.a. (variable) applies once the promotional period ends.
- Annual Fee: £0. There is no annual fee, making this card cost-effective if used within the terms of the promotional offers.
- Late Payment Fee: Standard charges apply if payments are missed.
It’s important to understand these fees so you can make the most of the 0% interest periods and avoid additional costs.
RBS Purchase & Balance Transfer Card Pros and Cons
Pros
- 0% Interest for 19 Months on Purchases: Great for making large purchases and spreading the cost.
- 0% Interest for 19 Months on Balance Transfers: Excellent for consolidating debt and reducing interest payments.
- No Annual Fee: Keeps the card cost-effective.
- Global Acceptance: Use the card anywhere Mastercard is accepted.
- Mobile App: Convenient account management on the go.
Cons
- Balance Transfer Fee: While the 0% interest offer is appealing, the 2.99% balance transfer fee may be a drawback for some.
- High APR After Introductory Period: Once the 19-month promotional period ends, the 24.9% APR can be quite high for those carrying a balance.
- Minimum Income Requirement: Although £10,000 per year is a relatively low threshold, it could still exclude some applicants.
Conclusion
The RBS Purchase & Balance Transfer Card offers a great solution for those looking to spread the cost of large purchases or consolidate existing debt without the burden of interest.
With 0% interest on purchases and balance transfers for 19 months, it’s a card that offers flexibility and financial relief. Its global acceptance, user-friendly mobile app, and absence of an annual fee further enhance its appeal.
However, it’s important to be mindful of the high APR once the promotional period ends and the balance transfer fee.
Overall, this card is a solid option for UK residents who meet the eligibility criteria and are looking for a versatile financial tool to manage their expenses.