NatWest rolls out Mastercard Business SavingsTM to business debit cardholders
NatWest has extended access to Business Savings from Mastercard to business debit card customers.
Business Savings is a merchant discount programme provided by Mastercard which gives small business customers access to merchant offers when paying with an eligible Business Mastercard at merchants participating in the programme.
It’s already available to NatWest and RBS business credit cardholders and from this month it will be available to business debit card users too.
The programme is simple and easy for cardholders to use – there’s no cost for cardholders, no card registration required or coupons/discount codes to enter at point of sale to receive a merchant cashback. Cashback appears as a credit on the card/bank statement within 3-5 days. Automatic cashback will show on monthly and online statements.
There’s a broad selection of over 1,000 merchant offers available including; LUX rewards (a range of merchant offers across hospitality, hotels, business tools, entertainment and more), McAfee, Heathrow Express, Dropbox, Avis and Microsoft Advertising, and additional offers will be added as new merchants are enrolled in the programme by Mastercard.
No cost is entailed, and no action is required by the customer to make use of the service. All cardholders with an eligible business debit card product are automatically enrolled in the programme, there is no requirement for cardholders to register, but they can opt-out should they wish to.
The commercial card products with access to Business Savings from Mastercard are NatWest and RBS Business Credit Card, Business Plus Credit Card, Business Charge Card and Business Debit Card for NatWest, RBS and Ulster Bank business customers.
Merchant offers are longstanding, and the automatic cashback is available regardless of the channel cardholders use to make a purchase.
Offers are small business focused and range from car hire to web search advertising. They can be found at https://www.priceless.com/business-savings?ac=businesssavings
Andrew Harrison, MD customer goals & journeys, NatWest comments: “Cost savings are front of mind for all businesses but especially smaller businesses, which is why we are offering this simple solution to help reduce elements of those costs. We are delighted to be able to offer a feature that is common among personal card users to businesses.
“Across NatWest, RBS and Ulster Bank we have around a million business debit cardholders in the UK who will now be able to save as they spend through Business Savings from Mastercard.”
Simon Forbes, senior vice president at Mastercard, said: “Small businesses drive the UK economy forward. That’s why we’re proud to support NatWest in bringing this savings programme to a million cardholders, without additional cost or hassle.
“By providing cashback on offers and services which are directly focused on small businesses, our Business Savings programme provides entrepreneurs and aspirational business owners with the tools they need to thrive.”
