Royal Bank of Scotland Credit Card – How to Apply for Low Rate

With credit cards emerging as the primary mode of payments in our everyday life, low rate options are becoming an absolute necessity. Individuals are constantly scouting for cards that match their daily needs while being on a budget. 

The Low Rate Credit Card offered by the Royal Bank of Scotland (RBS) is a lucrative option that you can explore. It comes with no annual fee, along with a low-interest rate that is not too heavy on your pockets.

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You can enjoy the diverse benefits of this worldwide Mastercard by applying for it through the designated online portal. In order to aid you in this procedure, we have curated a detailed guide that will enlighten you further about the card. 

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Features of the Card

Living up to its name, the RBS low rate credit card aims to help you in your everyday spending in a cost-effective manner. Its primary features are directed towards ensuring the same cause. 

This card is apt for individuals who have regular international business trips. The RBS credit card allows you to obtain a standard Mastercard rate across all your travels, without charging extra foreign transaction fees.

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If you have a balance with another bank that offers a higher rate of interest, you can transfer your balance to RBS without any balance transfer fees. However, the card does not provide a 0% balance transfer fee period. Instead, it simply does not charge extra for transferring the balance from other cards.

The RBS Low Rate Credit Card does not charge any annual fees. However, it does not offer any rewards or cashback either. Though these features are available on other credit cards provided by RBS.

This card is a Mastercard implying that it is accepted at over 43 million locations around the world. Therefore, if you are a frequent international traveller, this card is best suited for you. Moreover, as mentioned previously, you will not be charged any additional foreign transaction fees. 

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How to Apply

The RBS has a designated user-friendly web portal to assist potential customers in their online application process to obtain the RBS Low Rate Credit Card. You can simply visit the website and initiate your application procedure by following the mentioned steps. 

On the website, you will find an ‘Apply Now’ option. Clicking on that would lead you to the Eligibility Checker. Herein, you will find four important legal documents. Make sure that you go through them thoroughly. Once you are done, click on ‘Check your Eligibility’.

You will be directed towards a form inquiring about your personal and financial details. It will hardly take you any time to fill it out completely. Thereafter, you can check your results to determine your eligibility for the card.

 You will be required to provide your address details for the last three years. In addition, you will need to provide your bank account details as well as information about your income, expenses, and employment. Furthermore, information of any other credit card that you use will also be required.

Fee and Interest Rate

  • The purchase rate is variable and stands at 9.9% p.a.
  • The representative APR is 9.9%. Again, it is variable.
  • The assumed credit limit stands at £1,200.
  • There is no annual fee, i.e. the annual fee is £0.

Eligibility Criteria

There are certain criteria that you need to match to be eligible for the RBS Low Rate Credit Card. You must adhere to the mentioned eligibility criteria to avoid any risks of your online application from being rejected. 

  • You must be over the age of 18.
  • You must be a permanent resident of the UK.
  • You must have a bank account.
  • You must not have declared bankruptcy or insolvency.

Contact Details

IF you wish to contact the bank directly, you can call them at 0370 907 0010. Alternatively, you can locate their main address at 36 St Andrew Square, Edinburgh, The United Kingdom, EH2 2YB.

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The Bottom Line

The RBS Low Rate Credit Card is a great choice for someone who is seeking a card with worldwide acceptance at a stipulated budget. 

Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.