NatWest Reward Black Account Reviews: Rewards and Benefits
Did you know NatWest’s Premier Reward Black account offers £1,963 worth of annual benefits? This premium banking package is making waves in the financial world. It offers luxury perks and practical advantages for discerning customers.
NatWest banking has set a new standard with its Reward Black account. This exclusive package combines high-end services with substantial credit card rewards. It’s a top choice for those looking for the best banking experiences. Features like worldwide travel insurance and cashback offers enhance your lifestyle and financial well-being.
The NatWest Reward Black account is more than just prestige. It’s a powerhouse of practical benefits. With a £36 monthly fee, members get access to a suite of services that could save them hundreds or thousands annually. The travel perks, including comprehensive insurance and global airport lounge access, are especially valuable for frequent travelers.
The rewards don’t stop there. The account’s credit card offers cashback rates of up to 15% at select retailers and 1% back on supermarket purchases. These rewards can quickly add up, offsetting the account’s fees and providing real value to savvy spenders.
Key Takeaways
- Annual benefits worth up to £1,963
- £180 switch offer for new customers
- Worldwide travel insurance included
- No foreign transaction fees on debit card purchases abroad
- Up to 15% cashback at select retailers
- 24/7 priority customer service
- Access to over 1,000 airport lounges worldwide
Introduction to NatWest Premier Banking
NatWest offers premium accounts for those who want elite status. The Premier Reward Black account is a top choice. It’s for those looking for the best banking services and special perks.
Eligibility Criteria for Premier Reward Black
To get Premier status, you need to meet certain financial requirements. These include:
- £100,000+ sole annual income or £120,000+ joint income paid into a NatWest account
- £100,000+ in NatWest savings or investments
- A NatWest mortgage of £500,000 or more
Monthly Fee and Account Overview
The Premier Reward Black account has a £36 monthly fee. This fee gives you access to many benefits worth up to £1,963 a year. Some of these benefits are:
- Worldwide airport lounge access
- Comprehensive family travel insurance
- No foreign transaction fees on debit card purchases
- Mobile phone insurance
- UK and European car breakdown cover
- 24/7 home emergency service
Switching Offer and Requirements
NatWest gives a £180 switching bonus for new Premier Reward account holders. To get this, you must:
- Be 18+ years old and a UK resident
- Switch from another bank using the Current Account Switch Service
- Deposit £1,250 within 60 days of switching
- Log into the mobile app
This offer has terms and conditions that can change. The NatWest Reward account was voted ‘Best Reward current account provider’ by YourMoney.com in March 2024.
Exclusive Membership Benefits Worth Up to £1,963 Annually
The NatWest Reward Black account offers top-notch benefits. It’s a premium banking option with exclusive deals and rewards. These can add up to £1,963 in value each year. It’s perfect for those looking for the best perks from their bank.
Here are some key features:
- Comprehensive travel insurance covering trips up to 22 days
- Worldwide airport lounge access for jet-setting comfort
- Fee-free foreign transactions to save money abroad
- Mobile phone insurance for peace of mind
- Car breakdown cover for roadside assistance
- Home emergency service for unexpected issues
The account also offers entertainment perks:
- Concierge service for VIP treatment
- Ticket booking cashback for events
- Cinema discounts at over 250 locations nationwide
The £10 monthly fee of the NatWest Reward Silver account might seem good. But the Reward Black account’s extensive benefits make it worth more. It’s for customers who want a premium banking experience with extra rewards.
Entertainment and Lifestyle Perks
The NatWest Reward Black Account comes with luxury benefits to boost your entertainment and lifestyle. These services are tailored for those who seek exclusive deals and top-notch treatment.
Concierge Service and Exclusive Upgrades
Account holders get a 24/7 concierge service. This service offers free upgrades, special rates, and fast bookings for dining, travel, and events. You’ll get VIP treatment for all your requests.
Ticket Booking Cashback Offers
NatWest Reward Black gives 25% cashback on tickets for concerts, shows, and sports in the UK and Ireland. You can get cashback on up to six tickets per event, for a maximum of four events a year. It’s a great way to save while enjoying premium experiences.
Cinema Discounts Nationwide
Movie lovers will love the cinema discounts at over 250 theaters across the UK. These discounts are available at Vue, ODEON, and Showcase. For a family of three, you can save up to £43 a year. This makes going to the movies more fun and affordable.
| Perk | Benefit | Value |
|---|---|---|
| Concierge Service | 24/7 assistance, priority bookings | Unlimited requests |
| Ticket Cashback | 25% on concerts, shows, sports | Up to 6 tickets, 4 events/year |
| Cinema Discounts | Savings at 250+ theaters | Up to £43/year for family of 3 |
Travel and Adventure Advantages
NatWest’s Reward Black Account is perfect for those who love to travel. It comes with special deals and perks for elite travelers.
Worldwide Airport Lounge Access
Get free access to over 1,000 airport lounges worldwide with DragonPass Premier+. This is worth £379 a year. It makes your travel more comfortable and luxurious.
Comprehensive Travel Insurance Coverage
The account also offers worldwide travel insurance for trips up to 90 days. It covers you and your family, including:
- 31 days of winter sports coverage
- £10 million in medical expenses
- Protection for multiple trips annually
Fee-Free Foreign Transactions
Travel abroad without extra fees. The debit card is free for foreign transactions, except for ATM withdrawals. It saves you money and makes spending abroad easier.
| Feature | Benefit |
|---|---|
| Lounge Access | 1,000+ lounges worldwide |
| Travel Insurance | 90-day trips, family coverage |
| Foreign Transactions | Fee-free purchases abroad |
The NatWest Reward Black Account is great for those who travel a lot. It offers top-notch services and peace of mind for your adventures.
NatWest Reward Black Account Reviews: Rewards and Benefits
The NatWest Reward Black Account comes with many perks for those looking for top-notch banking. Recent feedback shows both good and bad points about this premium account.
Customer Feedback and Ratings
With 220 reviews, the NatWest Reward Black Account has mixed opinions. A big 83% of users gave it 5 stars, liking its features. The last 90 days saw a big jump in both 5-star and 1-star reviews, showing a wide range of experiences.
Popular Features and Criticisms
People like the travel insurance, which covers up to £490 a year for families. They also enjoy the 25% cashback on event tickets. But, the £36 monthly fee, or £432 a year, is a big turn-off for some.
Comparison with Other Premium Accounts
The NatWest Reward Black Account shines with its cashback and benefits. Here’s a comparison with other premium accounts:
| Feature | NatWest Reward Black | Average Premium Account |
|---|---|---|
| Annual Benefits Value | Up to £1,963 | £1,200 |
| Airport Lounge Access | 1,000+ lounges worldwide | 500+ lounges |
| Concierge Service Value | £180/year | £120/year |
| Car Breakdown Cover | Included (£415 value) | Often not included |
The NatWest Reward Black Account has a lot to offer, but its value depends on how often you use these perks. It’s a strong contender in the premium banking world with its travel benefits, insurance, and cashback.
Conclusion
NatWest’s Premier Reward Black account is a top choice for premium banking. It has a 5-star rating from 83% of customers. This shows it offers great rewards and benefits, worth up to £1,963 a year.
Travel lovers will enjoy the account’s perks, like airport lounge access worldwide. It also has great travel insurance. Plus, you can shop without extra fees abroad. Cinema fans get discounts and cashback on tickets, making it more than just a bank account.
The £31 monthly fee might seem high, but many think it’s worth it. NatWest’s Premier banking is for those earning £100,000 or more. It’s a smart choice for those who use its many features, combining banking with lifestyle benefits.
Source Links
- Premier Reward Black Account | Premier Banking | NatWest
- Reward Black credit card | Premium credit card | NatWest
- Compare Bank Accounts | Premier Banking – NatWest
- Open a NatWest Reward Current Account | £180 Switch Offer
- NatWest Reward Black Credit Card review
- Open a NatWest Reward Silver Current Account | £180 Switch Offer
- What’s so good about a Coutts account anyway?
- Gold Account | Current Accounts | NatWest International
- Premier Reward Black account | Royal Bank of Scotland
- Travel insurance | Packaged bank accounts | NatWest
- The best UK bank accounts for travelling and travel insurance
- Our Pick Of The Best Worldwide Travel Insurance
- NatWest Black Account Reviews
- Should you open a Premier account with NatWest? – Times Money Mentor
- Manage your Premier Reward Black | Bank Accounts | NatWest Premier
