RBS Platinum Credit Card
From RBS
Summary
RBS Platinum Credit Card is provided by RBS.
The representative APR is 16.9%APR variable.
New customers will receive an introductory balance transfer rate of 0% for 16 months.
This makes RBS Platinum Credit Card a good option if you're looking to transfer an existing credit card balance and don't want to make purchases.
The representative APR is 16.9%APR variable.
New customers will receive an introductory balance transfer rate of 0% for 16 months.
This makes RBS Platinum Credit Card a good option if you're looking to transfer an existing credit card balance and don't want to make purchases.
How long will it take to repay with the RBS Platinum Credit Card
Balance transfer
Purchases
Fixed payment
By switching to the RBS Platinum Credit Card, you could pay off £1000 in by budgeting £50 each month. This would effectively cost you £50.
Minimum payment
By comparison, if you only make the minimum payment each month, it would take to repay, costing you a total of £169,613 on top of the original balance!
If this seems high, that's because your minimum payment is calculated as a percentage of your balance. This means each payment will be slightly lower than the month before which will have less effect on clearing your balance. So be smart and pay as much as you can afford!
Customer reviews (3)
"Good customer service"
I have been a customer of the Royal Bank of Scotland for over 3 years, and I am happy with their services so far. However, I did miss one of the payments on my Platinum credit card and ended up paying a £20 late fee, but then it was refunded when I talked to the customer service. So they do listen to you, as well and treat you as an individual.
"Not impressed"
I mislaid my purse and cancelled all my cards. I was on hold on the Royal Bank of Scotland Platinum Credit Card line for a while before getting through. When I found my purse my husband suggested a courtesy call. After waiting for half an hour on hold I gave up. I wouldn't like to be on hold if my cards went missing abroad!
"Goodbye RBS"
I held an RBS credit some 4years ago but every time I tried to use it abroad RBS refused it despite it having been used for booking relevant airline or ferry tickets. I cancelled and destroyed it in exasperation. In 2008 I tried again to see whether the service was any better. I requested a one year only insurance for loss. RBS gave the credit card details to the insuring company but also gave them my debit card details without authorisation! Later, a second year's insurance was charged to my account,again without authorisation (but it was in the small print which I had not read because I had specified only one year). I have just tried to use the card again but it has been refused! So goodbye RBS for ever.
Rates & Charges
Introductory rates
Balance transfers
16.9% for 9 months 137 cards better than this
Balance transfer fee
Purchases
4.9% for 9 months 138 cards better than this
Ongoing rates
Typical APR
Balance transfer rate
Balance transfer fee
2.9% or £5 minimum
Balance transfer limit
95%
Cash advance rate
27.9%
Fees and Charges
Annual fee
£0
Cash advances
3% or £3 minimum 78 cards better than this
Foreign currency transactions
Late payment fee
£12
Over limit fee
£12
Returned payment fee
£12
Insurance and Protection
Payment protection
Payment protection
Free payment protection
Free warranty cover
Free price protection insurance
Online fraud protection
Online fraud protection
Travel insurance
Lost luggage cover
Travel delay insurance
Travel insurance upgrade
Requirements to qualify
Minimum credit history
Good
Minimum age
18
Minimum income
£10,000.00
Must be employed
Yes
Repayment
Interest charged from
Transaction
Interest-free period
56 days
Interest-free period on cash advances
None
Time to make payment after statement date
25 days
Minimum payment
1% of balance or £5
Payment by direct debit
Available
Rewards
Not available
Better deals on balance transfers
Better deals on purchases
