NatWest Your Points; Are they the worst value

A question about : NatWest Your Points; Are they the worst value

I was amazed to find that when you have to collected 10000 Your points they are only worth Ј50. Are they the worst value Credit Card?store Card freebie in percentage terms on what you spend.I know it is something for nothing but is doers seem a very mean return

Best answers:

• Natwest also give you 2500 free points every year you have the card, so it's not that bad.
• We have been customers of NatWest for many years and have not changed as personally we have received good service with no complaints. However as far as loyalty cards are concerned Your Points offers a very poor return. We much prefered the old Air Miles scheme, Incidentially we do not receive 2500 free points a year. If a loyalty card is a major issue you may bette off switching your credit card to maybe Tesco.Maybe at some stage Natwest may increase the value of this loyalty card or offer an incentive scheme to use their credit card which we pay off each month.
• @sparky - from what I can see Capital One only charge a fee on one of their cards, that one being the "super posh" Aspire Elite...the Aspire World offers the 5% intro and ongoing up to 1.25%...interestingly the Classic Extra card would work out better after the initial three month period for low spenders, as you get a Ј10 bonus on top of the 0.5% cashback.
  As for cashback vs points, it can get complicated, but the Natwest scheme certainly isn't a bad one in the scheme of things, especially with the free 2500 points each year (I've currently gone back to using this card while I wait for the 99 day period to elapse, as I've hit the Ј100 max you can earn in the intro period for the aforementioned Capital One Aspire World, I also use Barclaycard Freedom Rewards for fuel purchases, as it works out minutely better than yourpoints for similar rewards, as you get double points on fuel and supermarket spend).
• I have been a NatWest credit card customer now for many years and like other users have been the recipient of NatWest Your Points when using the card.
  Also I suspect like others I have built up a significant total of points over the years but rarely have I cashed any in.
  However I was spurred on recently to potentially change this habit by the arrival into my in-box of an e mail from NatWest Your Points stating that my points total now exceeded 227, 000 and giving me the monetary equivalent conversion valueof Iin excess of Ј1, 100. By my simple arithmatic the value of each point equated to 0.5 pence a fact confirmed in a number of forums on the web.
  My wife and I had recently booked return flights with Easyjet directly via their website departing Bristol on 25 April 2015 returning two weeks later on 9 May with one bag in the hold at a cost of circa Ј158.96 for two people.
  Using the direct link through to the Easyjet website via the Your Points website I enquired on the required number of points for exactly the same flights on the same dates plus the one bag in the hold. I was quoted a total of 51, 000 points or the equivalent of Ј255 for the privilege I.e. Ј96.04 more than the direct booking with Easyjet or 60% more than the cash price.
  Why I asked myself would I want to spend the equivalent of Ј255 for the flights using Your Points when I could save the equivalent of Ј96 by booking in the tradional way? It occured to me that this represented poor value for money and that perhaps, like me other Your Points recepients had many thousands of unused points sloshing around that they rarely, if ever, used.
  I queried this with NatWest Card Services who typically responded with a stock unhelpful response saying quite incorrectly that the points had no equivalent value despite their recent e mail stating quite clearly the number of points and monetary equivalent.
  Under the circumstances I have concluded that Your Points are essentially nothing more than a complete con and will in future instead make more use of my Santander credit card which gives quite generous cashback.
  Sorry NatWest but you need to seriously revisit the points calculations for the redemption of points otherwise existing customers will simply be attracted away to other competitors products. I will certainly be one who will be joining them.
  Out of interest therefore, using the link through to the Easyjet website on the Your Points website I requested identical flights on the same dates in 2015 plus the one bag in the hold. The total Your Points required for this were shown as 51, 000 which at 0.5 pence per point equated to a monetary cost of
• Convert them into Sainsbury vouchers or something. At least you have something close to cash, don't just forget about the points.
  I vaguely remember getting Ј50 of sainsburys vouchers with 5,000 points so it is 0.5% "cashback". However there's sub-prime cards such as Cap One and Aqua offering 0.5% cashback in actual cash, with cap one giving Ј10 a year on top, even better is your santander card (for certain purchases). Use Santander for purchases which qualify for the cashback, and get a Cap One Classic Extra for the remainder or do a stooz.
  I would only use your points again IF natwest offers 0% again for the stooz, but since they're pretending to do you a favour by not offering 0% cards I'll be sticking to cards which give me cashback in cash!
• Got my 2500 extra points after my 1st year this month, so may be worth a query with NW
  regards
  6
• I am a Natwest Mastercard user too with the YourPoints deal. I always wait early December and then cash them all in to put toward Xmas shopping Handy for a few Amazon bits usually.
• They say:
  "How do I earn NatWest YourPoints?
  Simple. Whenever you make a qualifying purchase using your NatWest YourPoints credit card, you'll earn points. You earn at least one point for every Ј1 you spend on qualifying purchases."
  So far as I can see "at least one point" simply means "one point". You never earn more. Anyone know if you do earn more on certain transactions?
• Agree with others in the post, they aren't bad. BUT given NatWest now seem to charge Ј24 when you apply for one of their credit cards I'd watch out they don't start charging you this too....