12 Dec

Does RBS do cashback?

Written By Dom Mia
December 12, 2023

Posted at 07:44h in Cashback, Home Blog 3 by Dom Mia

Are you wondering if RBS offers cashback rewards? Well, you’re in luck! RBS has a fantastic cashback program that allows customers to earn rewards on their spending. Let’s dive into the details and find out how you can make the most of RBS cashback offers.

RBS offers a Reward bank account that lets you earn cashback on your everyday purchases. To be eligible for this account, you need to be 18 years or older and a resident of the United Kingdom. Additionally, you must pay in £1,250 to an eligible Royal Bank account every month. By having the Reward account, you can earn up to £5 in cashback per month. This includes £4 for having 2 or more Direct Debits (with at least £2 each) and an extra £1 for simply logging into the mobile app. You can also earn cashback of up to 1% when you spend with your Royal Bank debit card at partner retailers.

Key Takeaways:

RBS offers a cashback program through its Reward bank account.
To be eligible, you must be 18+ and a UK resident.
You need to pay in £1,250 to an eligible Royal Bank account every month.
Earn up to £5 in cashback per month with the Reward account.
Earn £4 for having 2 or more Direct Debits and an extra £1 for logging into the mobile app.
Get cashback of up to 1% when you spend with your Royal Bank debit card at partner retailers.

How to Earn and Exchange Rewards with RBS

With RBS, there are multiple ways to earn and exchange Rewards. By having a Reward bank account, you can earn cashback on your everyday spending. You’ll receive £4 a month back for having 2 or more Direct Debits (with at least £2 each) and an additional £1 a month back for simply logging into the mobile app. Plus, when you use your Royal Bank debit card at partner retailers, you can earn cashback of up to 1% on your purchases.

Once you’ve accumulated £5 in Rewards, you have the option to exchange them for cash back into your current account. Alternatively, you can trade your Rewards for eGift codes at selected retailers or even donate them to charity. It’s all about giving you flexibility and choice when it comes to your Rewards.

“I love how easy it is to earn and exchange Rewards with RBS. Whether I’m shopping at my favorite stores or paying my bills, I know that I’m getting something back. And with the variety of options for exchanging my Rewards, I can choose what works best for me. It’s a win-win!” – RBS Customer

Benefits of RBS Cashback Scheme

Earn cashback on everyday spending with a Reward bank account
Receive £4 a month back for having 2 or more Direct Debits
Get an extra £1 a month back for logging into the mobile app
Earn cashback of up to 1% when you use your Royal Bank debit card at partner retailers
Exchange Rewards for cash back, eGift codes, or donations to charity

With RBS, the more you use your account and debit card, the more you can earn back in cashback. It’s a simple and rewarding way to make the most of your banking experience.

Conclusion

The RBS cashback program provides customers with a rewarding experience through its Reward bank account and Reward credit card. By participating in this program, customers have the opportunity to earn cashback on their spending and enjoy various rewards.

With the Reward bank account, customers can earn up to £5 a month in cashback. This includes earning £4 a month for having 2 or more Direct Debits and an extra £1 a month for logging into the mobile app. Additionally, customers can earn cashback of up to 1% when using their Royal Bank debit card at partner retailers.

Once customers have accumulated £5 in Rewards, they can choose to exchange them for cash back into their current account, trade them for eGift codes at selected retailers, or donate them to charity. This flexibility allows customers to make the most of their cashback rewards.

To participate in the RBS cashback program, customers need to meet the eligibility criteria and requirements for either the Reward bank account or the Reward credit card. It’s important for customers to understand these criteria and ensure they fulfill them to start earning cashback rewards.

FAQ

Does RBS do cashback?

Yes, RBS offers a cashback program through its Reward bank account and Reward credit card. Customers can earn cashback on their spending with the bank account and the credit card.

How to earn and exchange Rewards with RBS?

By having a Reward bank account, customers can earn cashback on their spending. They can also earn cashback of up to 1% when they use their Royal Bank debit card at partner retailers. Once customers have earned £5 in Rewards, they can choose to exchange them for cash back into their current account, trade them for eGift codes at selected retailers, or donate them to charity.

What is the eligibility for RBS cashback program?

To be eligible for the RBS cashback program, customers need to have a Reward bank account or a Reward credit card. For the Reward bank account, customers must be 18+ and a UK resident, and they need to pay in £1,250 to an eligible Royal Bank account every month. They can only hold a maximum of 1 Reward account in their name, and 1 in joint names. To earn cashback with the Reward credit card, customers need to meet the eligibility criteria for that specific card. Customers who want to participate in the cashback program cannot already hold 2 Reward accounts.

What are the cashback offerings of RBS?

RBS offers a range of cashback deals for customers. By using their Royal Bank debit card at partner retailers, customers can earn cashback of up to 1% on their spending. The list of partner retailers can be found in the mobile app. The cashback benefits can be exchanged for cash back into the current account, eGift codes, or donations to selected charities. The Rewards balance can be checked and claimed directly from the Royal Bank app without needing a password.

How does overdraft affect cashback with RBS?

RBS offers an overdraft facility for customers, but it’s important to note that cashback is not applicable to overdrafts. The cashback program is specifically tied to the Reward bank account and the Reward credit card. Customers can earn cashback on their spending with the credit card and by meeting the requirements of the Reward bank account, such as having Direct Debits and logging into the mobile app.