NatWest has extended the reach of the Mastercard Business Savings offering to its customers using business debit cards.
The extension allows NatWest’s business customers to access a range of merchant offers including McAfee, Heathrow Express, Dropbox, Avis and Microsoft Advertising, along with LUX rewards hospitality, hotels, business tools and hotels rewards programme.
NatWest’s commercial cards included under the extension are the NatWest and RBS Business Credit Card, Business Plus Credit Card, Business Charge Card and the Business Debit Card for NatWest, RBS and Ulster Bank business customers.
Andrew Harrison, MD Customer Goals and Journeys at NatWest, said: “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.”
The extension comes at a time of continuing pressure for UK businesses, with inflation still remaining 0.3% higher than the Bank of England’s ideal rate of 2%, whilst interest rates were held at 5.25% earlier this year. This means that although businesses are not facing as sharp an increase in costs as some feared, financial burdens remain heavy.
Simon Forbes, Senior Vice President at Mastercard, remarked: “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.”
