In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
    • Application Requirements

Nationwide Member Credit Card Balance Transfer Offer – 2024 review

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Nationwide Member Credit Card Balance Transfer
4.5
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Finder score
Representative example: When you spend Β£1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Representative example:
When you spend Β£1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
0% interest on balance transfers
18 months
Foreign transaction charge
0%
Account fee
Β£0

Our verdict

Nationwide is offering 0% interest for 18 months on existing card debt that you transfer and a low transfer fee too.

Nationwide's members-only (that's mortgage, current account or savings account holders) balance transfer deal isn't the longest out there by any stretch, but it comes with a relatively low balance transfer fee – 1.5% compared to the more standard 3%. So, if 18 months gives you long enough to clear your debt, you might be tempted to choose the convenience of using Nationwide over a longer deal. However, a no-transfer-fee deal would almost certainly work out cheaper.

One aspect of balance transfers where Nationwide seems to be really looking out for its members is the start date for your 18-month 0% period. Most card issuers would start the clock on the day your application was granted... others from the day you activated the card. But with Nationwide it's the day the transfer actually goes through. A minor detail but one that really bucks the trend.

When the 0% period's up, you're basically left with a fairly respectable travel credit card. It's not a card that you'd want to carry a balance on from month to month on, but if you always clear your balance in full, this card needn't cost you a penny in interest – at home or abroad.

Ultimately, the card is best suited to existing Nationwide customers who'd value the convenience of keeping their finances under one roof over a slightly cheaper deal elsewhere.

Pros

  • Over a year of 0% interest to focus on reducing existing card debt
  • Three months to spread the cost of purchases
  • A relatively low balance transfer fee
  • Avoid currency conversion charges when spending abroad
  • No annual fee

Cons

  • Only available to existing customers

In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
    • Application Requirements

Details

Product Overview

Issuer Nationwide BS
Network Visa
Representative APR 24.9%
Annual/monthly fees Β£0
Balance transfers 0% for 18 months reverting to 24.9%
Balance transfer fee 1.5% (min. Β£5) for 3 months reverting to 2.4% (min. Β£5)
Purchases 0% for 3 months reverting to 24.9%
Purchases interest-free period Up to 56 days
Cash advances 24.9%
Minimum credit limit Β£500
Maximum credit limit Subject to status
Additional cards available 5
Incentive
Potential costs 4.5 β˜…β˜…β˜…β˜…β˜…
Doing its job 5.0 β˜…β˜…β˜…β˜…β˜…
Extras 3.5 β˜…β˜…β˜…β˜…β˜…
Overall Finder score 4.5 β˜…β˜…β˜…β˜…β˜…

Fees and charges

Minimum monthly payment 1% or Β£25 (whichever is greater) or the total of any interest, default fees and charges plus 1% of the outstanding balance.
Annual/monthly fees Β£0
Balance transfer fee 1.5% (min. Β£5) for 3 months reverting to 2.4% (min. Β£5)
Foreign usage charge (EU) 0%
Foreign usage charge (rest of world) 0%
Cash advance fee 2.5% (min. Β£3)
Late payment fee Β£0
Duplicate statement fee Β£0
Exceeding limit fee Β£0
Additional card fee Β£0
Dormancy fee Β£0

Application Requirements

Minimum Age 18
Minimum income Β£5,000
Availability Available to existing customers

The Nationwide Member Credit Card Balance Transfer is issued on the Visa network (used by a whopping 4.2 billion cards), so you'll be able to use it at more than 100 million merchant locations across more than 200 countries and territories.

How does it compare?

Nationwide BS's card

1 - 1 of 1
Name Product Finder score Finder score Balance transfers Balance transfer fee Purchases Annual/monthly fees Representative APR Incentive Link
Nationwide Member Credit Card Balance Transfer
4.5
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Expert analysis
0% for 18 months reverting to 24.9%
1.5% (min. Β£5) for 3 months reverting to 2.4% (min. Β£5)
0% for 3 months reverting to 24.9%
Β£0
24.9% APR (variable)
Representative example: When you spend Β£1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
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Other popular balance transfer deals

Table: sorted by length of 0% balance transfer offer, promoted deals first
Name Product Finder score Finder score Balance transfers Balance transfer fee Purchases Annual/monthly fees Representative APR Incentive Link
Santander Everyday Long Term Balance Transfer Credit Card
4.0
β˜…β˜…β˜…β˜…β˜…
β˜…β˜…β˜…β˜…β˜…
Expert analysis
0% for 26 months reverting to 23.9%
3% (min. Β£5)
0% for 3 months reverting to 23.9%
Β£0
23.9% APR (variable)
Sign up for Santander Boosts to receive cashback, vouchers, offers and prize draws from selected retailers.
Representative example: When you spend Β£1,200 at a purchase rate of 23.9% (variable) p.a., your representative rate is 23.9% APR (variable).
Check eligibility
M&S Bank Credit Card Transfer Plus Offer Mastercard
4.0
β˜…β˜…β˜…β˜…β˜…
β˜…β˜…β˜…β˜…β˜…
Expert analysis
0% for 26 months reverting to 24.9%
3.49%, min Β£5
0% for 3 months reverting to 24.9%
Β£0
24.9% APR (variable)
1 point per Β£1 spent with M&S and 1 point per Β£5 spent elsewhere. Enjoy 55 days interest free, preferential rates plus no cash advance fee when buying M&S travel money with the card.
Representative example: When you spend Β£1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Check eligibility
HSBC Balance Transfer Credit Card
4.0
β˜…β˜…β˜…β˜…β˜…
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Expert analysis
0% for 26 months reverting to 24.9%
3.49% fee, min Β£5
0% for 3 months reverting to 24.9%
Β£0
24.9% APR (variable)
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
When you spend Β£1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable). You might get different interest rates and promotional periods to those shown here, because these depend on your circumstances.
Check eligibility
Royal Bank of Scotland Longer Balance Transfer Credit Card
3.5
β˜…β˜…β˜…β˜…β˜…
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Expert analysis
0% for 23 months reverting to 24.9%
3.49%
0% for 3 months reverting to 24.9%
Β£0
24.9% APR (variable)
Representative example: When you spend Β£1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
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Approval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

Repayment options

You can make manual repayments through Nationwide BS's app by logging in to your online banking or over the phone (0800 055 66 11). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and losing your promotional interest rate as a result (as well as damaging your credit score and incurring the late payment fee of Β£0). You could use a fixed-amount direct debit to ensure you've cleared your debt before the 0% period expires – simply divide your outstanding balance by 18 to see what you'll need to pay each month (this assumes you don't use the card for additional spending).

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

With a balance transfer, opting for a fixed-amount direct debit can be a good way to ensure you get debt-free within the 18 months. Just divide the amount you’re transferring across by 18 to work out how much you need to pay each month. This calculation assumes that you don’t use the card for additional spending.

At the end of the 0% period, you’ll then want to amend the direct debit (which you can do in online banking or in the app), opting instead for a direct debit which covers either the minimum amount or the full amount each month.

If you haven’t cleared your debt when the 0% period expires, your outstanding balance will start to incur interest at the infinitely-less-appealing 24.9% standard rate.

How to apply

If you've compared cards and want to apply, you can simply log in to your Internet banking and complete the secure online application form. You can request a balance transfer during the application process. Because a lot of the form can be auto-filled by the folks at Nationwide, it shouldn't take more than 15 minutes.

Frequently asked questions

How long do Nationwide balance transfers take?

Once you have your Member Credit Card and have activated it, Nationwide states that balance transfers normally take around one or two working days. The key thing is to keep up repayments to your old card issuer until you're certain the transfer has gone through, otherwise you risk a penalty fee and damage to your credit score.

How much can I balance transfer to the Nationwide Member Credit Card?

Up to 95% of your credit limit. Your credit limit is a personalised limit that Nationwide sets when you apply for the card. It's based on factors like your credit score, and your regular income and outgoings.

Can I get the Nationwide Member Credit Card 0% deal if I've recently had a Nationwide credit card?

If you've held a Nationwide credit card within the last year, then unfortunately not.

Finder credit card scores

β˜…β˜…β˜…β˜…β˜… β€” Excellent
β˜…β˜…β˜…β˜…β˜… β€” Good
β˜…β˜…β˜…β˜…β˜… β€” Average
β˜…β˜…β˜…β˜…β˜… β€” Subpar
β˜…β˜…β˜…β˜…β˜… β€” Poor

Our experts score balance transfer cards to determine their value against similar products on the market. We look at a number of important factors, like the length of the balance transfer offer, the balance transfer fee, any restrictions to making a transfer, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
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