The NatWest Credit Builder Card aims to help those new to borrowing, or with a low credit score, gradually boost their creditworthiness. With a representative APR of 34.9% (variable) and credit limits between £250 and £1,500, the card is designed specifically for existing NatWest current account holders who’ve banked for more than three months. There’s no annual fee to worry about, making it a straightforward option for your wallet.

How to Apply: Simple Steps

1. Check your eligibility online without affecting your credit score.
2. Log in through the NatWest app or Online Banking.
3. Provide your address history, income, and employment details.
4. Complete your application in under 10 minutes.
5. Get a decision and, if approved, receive your card in 5-7 working days.

Pros: Major Benefits

One of the biggest advantages is that responsible use for a year could mean paying 3% less interest after 12 months. Plus, you’ll have fee-free access to credit, and the ability to view and work on your credit score with the NatWest app.

It’s an ideal choice if you’re looking for an accessible way to build credit without the burden of annual fees or complex eligibility hoops.

Cons: Potential Drawbacks

The relatively high interest rate means carrying a balance could be costly if you do not pay in full. Additionally, to be eligible, you must already be an established NatWest customer, which restricts new applicants.

It’s also not suitable if you’re seeking a 0% balance transfer or purchase deal, as this card doesn’t offer those features.

Verdict: Our Take

The NatWest Credit Builder Card stands out for its simplicity and its focus on helping users improve their credit score. While interest rates are on the higher side, paying in full each month and adhering to responsible usage unlocks both credit benefits and lower rates down the line. Recommended for those looking for a no-fuss route to stronger credit health who already bank with NatWest.