UK high-street bank NatWest Group is joining forces with Visa, the digital payments giant, to launch a new travel reward credit card for its UK customers.

The new launch is the latest in a long-term collaboration between Visa and NatWest Group to offer customers access to Visa’s debit and credit cards to help them manage their spending with greater ease, security, flexibility and control.

The travel reward credit card is already available for UK Natwest customers and offers one per cent back on eligible travel spending. Money spent on planes, trains, car rental, ferries, accommodation, travel agents and cruises could all be eligible for cashback via the new offering. When using the card for purchases abroad, customers will not be charged foreign transaction fees.

It also offers between one to 15 per cent cashback at selected partner retailers and does not require customers to pay an annual fee.

Salim Secretary, head of payment schemes and partnerships at NatWest Group, commented: “Our new Travel Reward Credit card is rewarding our customers with one per cent back on their travel spend. It is through our long-term collaboration with Visa that we have been able to further extend the choice of cards available to our customers.”

Enhancing payment optionality

Mandy Lamb, managing director, UK & Ireland, at Visa, also commented: “As part of our long-term collaboration, we’re delighted that NatWest will launch this new credit card in the UK, helping to deliver seamless, secure and flexible payment experiences.

“Together we’ll bring our world-class capabilities to millions of NatWest’s customers with all our products and services underpinned by our global commitment to be the best way to pay and be paid.”

As part of the partnership, NatWest also launched a campaign, leveraging its sponsorship of Team GB and Visa’s sponsorship of the Paris 2024 Olympic Games. Existing NatWest customers who expressed an interest in the new travel reward card were offered a chance to win a pair of tickets to a once-in-a-lifetime travel experience – the Olympic Games Paris 2024 Closing Ceremony and another Olympic event, courtesy of Visa.