Nationwide Credit Card review September 2019
This “balanced” credit card offers 0% deals on both purchases and balance transfers.
0% interest on balance transfers
Balance transfer fee
0% interest on purchases
|Balance transfers||0% for 12 months reverting to 17.9%|
|Balance transfer fee||0% for 3 months reverting to 2.4% (min. £5)|
|Purchases||0% for 12 months reverting to 17.9%|
|Purchases interest-free period||Up to 56 days|
|Min. credit limit||£500|
|Max credit limit||Not specified|
|Additional cards available||5|
|Incentive||Customers will be able to earn commission-free purchases abroad by using their Credit Card each time they make a purchase in Sterling. The calculation will be based on a 5:1 ratio - for example, £5 spent in Sterling will earn an allowance of £1 commission free-purchases abroad. Purchases abroad beyond the earned amount will be charged 2% commission.|
If you’re looking to spread the cost of an upcoming expenditure, but you already have some outstanding credit card debt, this card meets both needs. What’s more there’s no balance-transfer fee – a significant benefit for those who plan to transfer a large sum.
There are longer 0% offers out there, so you’ll need to be happy that you can clear the debt within the 0% introductory period on the card, otherwise your balance will start to accrue interest at a less favourable rate.
How does this card compare with other similar cards on the market?
When it comes to repayments, you can make manual repayments online or over the phone (0800 055 66 11), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. 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|
How to apply for the Nationwide Credit Card
If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.