RBS cards are offered by the Royal Bank of Scotland (RBS). The Royal Bank of Scotland cards come with a variety of features and have a worldwide acceptance.
The Royal Bank of Scotland: History & Present
The Royal Bank of Scotland plc is the retail banking subsidiary of the Royal Bank of Scotland Group plc. Its roots can be traced back to 1727, when it was established in Edinburgh, under a royal charter. Over the years it has carried out a number of mergers and acquisitions, including the acquisition of the National Westminster Bank, in 2000. It was bailed out by the British government in 2008 during the Financial Crisis. Currently, RBS has a network of 700 branches, which are mainly located in Scotland.
RBS Cards: Common Features
The collection of credit cards offered by RBS comprises the Platinum, Classic Student, Black and Private credit cards. The common features of these credit cards are as follows:
- Addition of authorized cardholders, without any charge
- Flexible credit limit
- Over the phone money transfers
- Instant travel bookings and bargain on travel deals.
- Special offers at the Royal Wine Club
Royal Bank of Scotland Cards: Major Types & Their Features
Platinum
- APR of 16.9%
- Daily cash advances worth £ 750
- Balance transfer rate of 0%, for the first 13 months
- 0% purchase rate, for the first three months
Classic
- A low purchase rate of 8.9% for the first eight months
- Daily cash advances worth £300
- No annual fee
- Minimum credit limit of £300
Student
- No annual fee
- 18.9 % APR
- Minimum credit limit of £500
Private
- Typical APR of 14.9%
- Introductory purchase rate of 8.9%
- Minimum credit limit of £5000
- Inaugural balance transfer rate for three months is 8.9% p.a.
Black
- Minimum credit limit of £ 15,000
- Extensive travel services and access to the airport’s executive lounge
- Only applicants with an annual income of £75,000 and above 25 years are eligible
- Annual fee is £250
However, all the inaugural offers that are available on the RBS cards are subject to timely interest payments and adherence to the credit limit.
‘RBS cards’ and ‘Royal Bank of Scotland Cards’ are the trademarks of The Royal Bank of Scotland Group, who can be found at www.rbs.co.uk