RBS credit card points

All you need to know about the Royal Bank of Scotland (RBS) MyRewards scheme, including how to earn points on your credit card, where to redeem and other benefits.

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Chris Lilly

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Izzy Thomas

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Royal Bank of Scotland

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RBS runs a scheme called MyRewards through its rewards current accounts and rewards credit cards. You can collect points which can be redeemed for cashback, vouchers or gift cards for partner retailers or charitable donations. This scheme was formerly known as Cashback Plus.

5 rewards points are worth £5.

How do you earn RBS MyRewards?

There are 3 ways you can earn rewards:

  • Earn £4 in Rewards a month. When you set up 2 Direct Debits from your Reward account.
  • Earn £1 in Rewards a month. When you login to your banking app once a month.
  • Earn between 1-15% in Rewards. Use your card to spend at our partner retailers.

How do you redeem RBS MyRewards?

You can choose to redeem your MyReward points as cash back in your bank account or gift cards to spend at an eligible partner retailer.

Your points can be worth even more with the “trade up” rewards feature, offered from time to time for specific partner retailers. For example, £10 worth of MyRewards could be exchanged for a £15 voucher for a particular partner retailer.

Alternatively, you may wish to donate your points to a chosen charity.

Pros and cons

  • Big redeem potential through MyReward “trade up”.
  • Charitable donations option.
  • Depending on the card you choose, you may be able to take advantage of 0% fees on foreign transactions
  • Flexible – choose between cash back, vouchers or donations.
  • Annual fee (although this is refunded if you also have an RBS Rewards current account).
  • Expiry date on vouchers.
  • Relatively high interest rates.

Compare credit cards that earn RBS reward points

Table: sorted by representative APR, promoted deals first
1 - 2 of 2
Updated daily
Name Product UKCCF Finder Score Purchases Balance transfers Annual/monthly fees Representative APR Link Key benefit Representative example
Royal Bank of Scotland Reward Credit Card
Royal Bank of Scotland Reward Credit Card
3.7
★★★★★
25.9%
25.9%
(0% fee)
£24 per annum. Reward Current Account holders: £0 per annum
31% APR (variable)
Card details
Earn 1% back at supermarkets and 0.25% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.
Representative example: When you spend £1,200 at a purchase rate of 25.9% (variable) p.a. with a fee of £24 per annum. Reward Current Account holders: £0 per annum, your representative rate is 31% APR (variable).
Royal Bank of Scotland Reward Black Credit Card
Royal Bank of Scotland Reward Black Credit Card
4.0
★★★★★
21.9%
21.9%
(0% fee)
£84 per annum. Reward Black Current Account holders: £0 per annum
40.7% APR (variable)
Card details
Earn 1% back at supermarkets and 0.5% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £84 per annum. Reward Black Current Account holders: £0 per annum, your representative rate is 40.7% APR (variable).
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RBS retailer partners for earning and redeeming points

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Written by

Head of publishing

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise
Chris has written 613 Finder guides across topics including:
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Co-written by

Senior associate publisher

Izzy Thomas is a senior associate publisher at Finder specialising in credit-based products including credit cards, business loans and personal loans. Izzy has a Masters in Publishing and a Bachelor of Arts in International Business Management. See full bio

Izzy's expertise
Izzy has written 26 Finder guides across topics including:
  • Business and consumer finance
  • Loans & credit cards
  • Building credit
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