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RBS 'will only take credit card applications from existing customers'

The Royal Bank of Scotland has announced it will only accept credit card applications from existing RBS and NatWest customers.

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6 October 2009

RBS 'will only take credit card applications from existing customers'”

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The Royal Bank of Scotland has announced it will only accept credit card applications from existing RBS and NatWest customers.

It has been suggested the move is designed to save the taxpayer-backed bank from bad debts.

The bank's Black and Private cards will not be affected by the move.

RBS's plan follows the decision by HSBC to offer a 0% for 15 months deal to its current account customers only.

A spokesperson for RBS stated: "We are focusing where we can on helping our current account customers, savers and mortgage borrowers and this move helps us improve the service we can provide to them.

"We are very much open for business and welcome new customers who want a current account and a market leading credit card from us."

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16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
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17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
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