RBS Classic Credit Card

The RBS Classic is one MasterCard on the market you may be interested in.  In this article we will review the options you have with this card to determine if it is the best card for your needs.  There are several benefits that can make this one of the better cards on the market and possibly the best.  It of course depends on what you are looking for.  The information shared in this article can change based on the credit card issuers choices, so keep that in mind if you apply.

The RBS Classic has the second most accepted logo in the world.  Visa is ranked the first at the moment, but you still have over a million retailers and ATM’s at your disposal to use this card.  The RBS Classic doesn’t have a rewards programme.  It may offer you a few discounts or coupons in the mail every once in a while, but you will in general find no programme to specifically earn you discounts.  It is not a flight miles card or gas card.  This does detract from the offer, but we have classified this card as a balance transfer card deal anyway.

There are some cards that are rewards cards, and others that are meant for a specific purpose like the RBS. The RBS has a discount for the balance transfers and purchases.  You should never use the two options in tandem.  Either use it as a purchase card or a balance transfer card, unless you can pay off the entire amount in six months.  We will explain a little further on.

This card has zero percent interest for 13 months on balance transfers and zero percent for six months on purchases.  The balance transfer amount will be paid off first when you send in a payment.  The entire payment is allocated to that amount, even if you have purchases.  The promotional purchases are paid off second.  This means if you don’t pay off the balance transfer amount in six months and you have made purchases, those purchases will start to accrue interest.  This is a little trap all credit cards have.  The balance transfer will charge up to 3 percent for a handling fee even during the introductory period.

After the introductory period is over there is a 13.9 percent interest rate.  This rate is below to average interest rate on the market.  To get a better card you would need to have rewards along with the introductory offer and annual percentage rate, and those are even rarer than this card.  The interest rate is variable and it is not always the rate awarded to the applicant.  The rate is based on risk and if the company finds you are a higher risk they may offer the card, but a higher interest rate with it.  You should read over the terms and conditions carefully to understand what a high risk is and if you qualify for the card.  It is a great deal for balance transfers.

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