When you use your RBS Reward credit cards to make purchases, you'll earn a type of points called Rewards. It's best to view Rewards as cash back since £5 in Rewards are equal to £5 on average when redeemed.
Once you grow your balance to at least £5, you can redeem Rewards in one of the three following ways:
- Trade Up
- Bank Them
- Donate To Charity
RBS Rewards value
What's the average value of RBS Rewards?
The answer: face value. £1 in RBS 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 redeem your rewards for both physical and electronic gift cards with a select group of partner retailers. When choosing to go this route, RBS will give you bonus rewards back to your account 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 4% higher than what you would earn if you were to cash out your Rewards to your bank account. This is the best way to get the most out of your RBS Rewards.
You can check out the mobile app to see the full and most up-to-date list of retailers as well as the current bonus Rewards rates for each.
Trade up for Avios
RBS 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 RBS Rewards to Avios exchange comes out to being 90 Avios for every £1 in RBS Rewards earned. This can be worth it if you have a good-to-high value British Airways redemption lined up.
Trade up for Emirates Miles
RBS Rewards can be converted to Emirates Skywards using the Trade up option. You can convert Rewards to Skywards miles in the following increments:
- £10 Rewards = 770 Skywards Miles
- £50 Rewards = 3,850 Skywards Miles
- £100 Rewards = 7,770 Skywards Miles
This comes out to being 77 Skywards Miles per £1 in Rewards traded. With our valuations of Skywards Miles being worth around 1p each, this trade up option is far from the best since you'll be receiving about 0.77p in value for every £1 in Rewards.
Converting RBS 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 RBS Rewards
You can cash out your RBS Reward Points and deposit them directly into your bank account. This gives you a flat value of 1p since you're looking at equal face value. So if you cashed out £75 in Rewards, you would end up with £75 in your bank account.
Donating RBS Rewards
RBS Rewards can be donated to charity starting at £5 in Rewards for 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 mobile app to see what the current rates are.
FAQ
How much are RBS Rewards worth?
RBS 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 RBS Rewards to Avios?
Yes. You can use the RBS Rewards trade up option to convert Rewards to British Airways starting at £10 Rewards for 900 Avios.
Can you transfer RBS Rewards to Emirates?
Yes. You can use the RBS Rewards trade up option to convert Rewards to Emirates Skywards miles starting at £10 Rewards for 770 miles.
