Natwest rewards trade up 15 January 2020 at 4:40PM edited 30 November -1 at 12:00AM in Budgeting & Bank Accounts 3 replies 587 views

Gary19621962

I have some about £100 worth of Natwest rewards and was thinking about trading up via Red Letter day. It looks like I can double the value. Is there a catch ?

thanks

gary

ThePants999

The only "catch" is that I think Red Letter Day fall into the category of companies whose business model revolves around combining high normal prices with lots of offers, so that they still make a decent profit on the discounted price but people feel they're getting a bargain. You can't combine the MyRewards vouchers with other offers, so effectively, you're getting this double-value in place of another offer you might have got. That's not really a catch - if there's something you can see that you think would be cheap at half the price, go for it.

deadendwaterfall

Personally, I would just stick with the NatWest Rewards.

ThePants999

deadendwaterfall wrote: »

Personally, I would just stick with the NatWest Rewards.

Trade-ups are part of the NatWest Rewards programme. I do wind up converting most of mine to cash, but if there are trade-ups you genuinely would have spent money on otherwise, they are a better way of using them. E.g. if you were about to buy a new fridge from Currys, using the "£100 voucher for £90 rewards" trade-up is a pretty painless way of getting slightly more out of rewards.