Natwest Advanatge Card - too good to be true?

123sonny123

Hi fellow savers.

Please tell me if this is in the wrong place. couldn''t find a debit card section.
Popped into my local branch and the chap recommended me upgrading to Natwest Advantage card (£12 per month).

Here's a summary of the benefits:

http://www.uswitch.com/directory/currentaccounts/product-5017-natwest-advantage-premier.html

I'm currently paying about £8 a month just on mobile phone insurance. So £12 and all those things included is not bad at all!! The free travel insurance will come in handy too along with 'price match/beater prmomise' on electrical goods.


I don't think of banks when it comes to 'good deals'

Is there a catch?


Thank you

Sonny

CLAPTON

Whyever do you pay £96 a year insurance for a phone. How much is it worth?
Usually you can get a free one if you change contracts or even threaten to leave the current one.

If you need holiday insurance and the details suit your needs and you spend 144 per annum on holiday insurance (unlikely I would have thought) then maybe its a good deal.

The catch is it costs 144 per year.

123sonny123

That;'s what i thought. Thanks for replying. really appreciate it.

by the way, found an official natwest summary:

http://www.natwest.com/microsites/personal/ad_gold/index.asp?referrer=online&cmp=brochurewarelatest

perhaps, when i am sure that i have a couple of trips coming up in the next 12 months, when i need to buy a gift and when i buy an expensive phone - i'll take out the card!

wayoflife

123sonny123 wrote: »

That;'s what i thought. Thanks for replying. really appreciate it.

by the way, found an official natwest summary:

http://www.natwest.com/microsites/personal/ad_gold/index.asp?referrer=online&cmp=brochurewarelatest

perhaps, when i am sure that i have a couple of trips coming up in the next 12 months, when i need to buy a gift and when i buy an expensive phone - i'll take out the card!

You need to look at it a different way sonny, sure the offers look good initially, but youve got to look at exactly how much you are getting for your money...

why would you want phone insurance anyway? you have a manufacturers warranty of 12 months on the phone and as long as you look after it you wont need insurance. Usually the margins on the phone insurance are so tight anyway (I will explain if you like) for a number of reasons.Please dont be fooled by all of the cons out there.

why dont you save the £6.99 in the bank every month or whatever it is. If you break your phone then pay for it out of that, if not you will have the money at the end of the year. You will also benefit from interest

empfun

Seems like a lot of benefits? But you're still buying their product. You might probably do better just shopping around for most of the listed benefits and discounts.

The ones that really matter are probably the two covers and extended warranty but not sure what devil lie in the details.

wayoflife

empfun wrote: »

Seems like a lot of benefits? But you're still buying their product. You might probably do better just shopping around for most of the listed benefits and discounts.

I agree, ask whether you actually need all of these, the chances are you pronanly dont

The ones that really matter are probably the two covers and extended warranty but not sure what devil lie in the details.

Thats right, alot of the time the T&C'S are so stringant, much more than that of a normal 'buy it off the shelf' product. Look into this carefully

The Nationwide Gold credit Card offers extended warranty (with conditions) free travel accident insurance (twice the amount of all the cards ive seen) and a minimum credit limit of £3,000. It also has lots of benefits abroad. This all comes free of charge (i.e. no monthly payment)

it works to shop around...

jonesMUFCforever

The Nationwide Gold credit Card offers extended warranty (with conditions) free travel accident insurance (twice the amount of all the cards ive seen) and a minimum credit limit of £3,000. It also has lots of benefits abroad. This all comes free of charge (i.e. no monthly payment)

Please note that travel accident insurance is not the same as travel insurance.

student100

Most of the discounts (money off home insurance, CDs & DVDs, whatever) will be discounts off a ridiculously expensive price that no moneysaver would pay anyway...

123sonny123

I see what you're all saying. thank you for saving me £144 and more importantly, probably a lot of hassle.