NatWest gives you three ways to redeem your Rewards once you've reached at least £5: bank them into your bank account, trade them for physical and electronic gift cards with retail partners, and donate them to one of NatWest's chosen charities. If you're looking to maximize the value of your NatWest Rewards points, using the Trade Up option is the best route to take.
NatWest Rewards value
What's the average value of NatWest Rewards?
The answer: face value. £1 in NatWest Rewards has an average cash value of £1.
This is the case when using the Bank Them and Donate Them options. You can obtain slightly higher value out of your rewards when using the Trade Them option which involves converting rewards into Gift Cards.
| Redemption option | Redemption value based on £1 in Rewards |
|---|---|
| Trade them | £1+ |
| Exchange for Avios | 0.45p - 1p+ |
| Exchange for Emirates | 0.77p+ |
| Banking them into your bank account | £1 |
| Donating them to charities | £1 |
Trade up for gift cards
Trade up allows you to exchange your rewards for both physical and electronic gift cards from a select group of partner retailers. When taking this route, NatWest will also provide bonus rewards with select partner retailers.
For example, here's an example of a Trade Up option for a John Lewis Partnership eGift Card:
- £10 Rewards = £10 John Lewis Partnership eGift Card + 2% Rewards
- £25 Rewards = £25 John Lewis Partnership eGift Card + 2% Rewards
- £50 Rewards = £50 John Lewis Partnership eGift Card + 2% Rewards
With this redemption, you would receive a bonus 2% back in Rewards which is 2% higher than what you would earn if you were to cash out your Rewards to your bank account. This is the best way to squeeze a tiny bit more value out of your NatWest Rewards.
You can check out the NatWest mobile app to see the full and most up-to-date list of retailers.
Trade up for Avios
NatWest Rewards can be converted to Avios using the Trade Up option. You can convert Rewards in the following increments:
- £10 Rewards = 900 British Airways Avios
- £20 Rewards = 1,800 British Airways Avios
- £50 Rewards = 4,500 British Airways Avios
This NatWest Rewards to Avios exchange comes out to being 90 Avios for every £1 in NatWest Rewards. This can be worth it if you have a good-to-high value British Airways redemption lined up.
Trade up for Emirates Miles
NatWest Rewards can be converted to Emirates Skywards using the Trade up option. You can convert Rewards in the following increments:
- £10 Rewards = 770 Skywards Miles
- £50 Rewards = 3,850 Skywards Miles
- £100 Rewards = 7,770 Skywards Miles
This NatWest Rewards to Emirates exchange comes out to being 77 Skywards Miles per £1 in Rewards traded.
Converting NatWest Rewards to Emirates would only make sense if you had an excellent redemption lined up with Emirates that would give your miles significantly high value or if you were a few Skywards miles short of a redemption and needed to top off your account.
Banking NatWest Rewards
NatWest Rewards can be deposited into a NatWest current or savings account using the Bank Them option. They can also be used to reduce your Reward Credit Card balance.
Banking NatWest Rewards is worth face value. £5 in Rewards would be equal to £5 in your bank account.
Donating NatWest Rewards
NatWest Rewards can be donated to charities via the NatWest app. £5 in Rewards would be worth a £5 donation.
Trade Up Exchange Calculator
Use our exchange calculator to find out how much you can earn in bonus Rewards when using the Trade Up option with select retailers.
Do note that the bonus percentage can change at any time, so you'll want to check the NatWest mobile app to see what the current rates are.
FAQ
How much are NatWest Rewards worth?
NatWest Rewards are worth face value, but you can get increased value when redeeming Rewards with select partners using the trade up option.
Can you transfer NatWest Rewards to Avios?
Yes. You can use the NatWest Rewards trade up option to convert Rewards to British Airways starting at £10 Rewards for 900 Avios.
Can you transfer NatWest Rewards to Emirates?
Yes. You can use the NatWest Rewards trade up option to convert Rewards to Emirates Skywards miles starting at £10 Rewards for 770 miles.
