Nationwide Member Credit Card All Rounder Offer – 2020 review

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Nationwide's bid to stop its customers straying is a triple threat – offering 0% interest on purchases and transferred balances, plus fee-free spending overseas.

Finder rating: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

15 months

0% interest on balance transfers

19.9%

Representative APR

15 months

0% interest on purchases

0%

Foreign transaction charge

Details

IssuerNationwide BS
NetworkVisa
Annual/monthly fees£0
Balance transfers0% for 15 months reverting to 19.9%
Balance transfer fee1.5% (min. £5) for 3 months reverting to 2.4% (min. £5)
Purchases0% for 15 months reverting to 19.9%
Purchases interest-free periodUp to 56 days
Cash advances19.9%
Min credit limit£500
Max credit limitSubject to status: £15,000
Additional cards available5

Expert review

Chris Lilly

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.

Expert review

Available to Nationwide members only (that’s mortgage, current account or savings account holders), the All Rounder Offer is so-called because it comes with 0% interest deals on purchases and balance transfers, and offers commission-free non-sterling spending.

If your primary motivation is clearing existing card debt, then it’s crucial to note that the 0% for 15 months only applies to balances transferred in the first 90 days from account opening. The good news is you can request the transfer during the application process. It’s the same deal for purchases – so if you make a purchase at 91 days in, it’s liable to incur interest.

The weakness of all-round cards is that if you only need a card for one purpose – say spreading the cost of a large upcoming expenditure – there’s usually a better deal available on a more focused card. That’s certainly true of the 0% interest deals on this card – you don’t have to look too far to find longer 0% deals on balance transfers, purchases, or even both.

The card is perhaps more competitive as a travel credit card. Your non-sterling purchases will benefit from currency conversion at standard Visa exchange rates – most credit cards levy a 3% charge on top of this. What’s more, some cards that offer fee-free spending overseas charge interest from the day of the transaction, but if you always clear your balance in full, with this card you’ll be able to take advantage of your usual “up to 56 days” interest-free. Just remember that if a merchant overseas offers to bill you in sterling, you should decline – otherwise it’ll be their fee structure that’ll apply, and not your own.

Ultimately, this card is best suited to existing Nationwide customers who need a credit card for using abroad, and who also might benefit from spreading the cost of a big ticket item or need a bit of breathing room to clear existing card debt.

Pros and cons

Pros

  • Over a year of 0% interest to focus on reducing existing card debt
  • Over a year 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

How does it compare?

Nationwide BS's card

Data indicated here is updated daily
Name Product Balance transfers Money transfers Purchases Annual/monthly fees Rep. APR Link Incentive Representative example
Nationwide Member Credit Card All Rounder Offer
0% for 15 months
(1.5% fee)
N/A
0% for 15 months reverting to 19.9%
£0
19.9% (variable)
More Info
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
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Other popular matched 0% deals

Table: sorted by length of 0% offer.
Data indicated here is updated daily
Name Product Balance transfers Money transfers Purchases Annual/monthly fees Rep. APR Link Incentive Representative example
M&S Bank Shopping Plus Mastercard
0% for 20 months
(2.9% fee)
N/A
0% for 20 months reverting to 19.9%
£0
19.9% (variable)
Check eligibility
More Info
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
HSBC Purchase Plus Credit Card Visa
0% for 18 months
(2.9% fee)
N/A
0% for 18 months reverting to 22.9%
£0
22.9% (variable)
Check eligibility
More Info
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
Santander All in One Credit Card
0% for 26 months
(0% fee)
N/A
0% for 26 months reverting to 15.9%
£3 per month
21.7% (variable)
More Info
0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of £3 per month, your representative rate is 21.7% APR (variable).
TSB Platinum Purchase Card
0% for 20 months
(2.95% fee)
N/A
0% for 20 months reverting to 19.95%
£0
19.9% (variable)
More Info
Representative example: When you spend £1,200 at a rate of 19.95% (variable) per annum, your representative APR is 19.9% APR (variable).
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Approval for any credit card will depend on your status. The APR shown represents 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

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

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. Because a lot of it can be auto-filled by the folks at Nationwide, it shouldn’t take more than 10 minutes.

Frequently asked questions

Do I need to let Nationwide know before using the Member Credit Card abroad?

No. Along with most other card issuers, Nationwide now manages without a heads-up. However, it does advise that you let it know your current mobile number, so that it can contact you while you're away. This can be updated in your online banking or in the app.

How much does it cost to withdraw cash abroad using the Member Credit Card?

You won't be charged a currency conversion fee by Nationwide, but you will be charged a cash advance fee of 2.5% (min. £3) of the amount you withdraw, plus Nationwide will start charging this part of your balance interest straightaway (your usual "up to 56 days" interest-free won't apply). Finally, the ATM provider might add its own charge. If the ATM offers to convert your currency for you, it's probably best to decline, since you know this card has preferential currency conversion terms, while the local bank might not. So all in all, withdrawing cash on this card (and on almost all credit cards – at home or abroad) is normally best avoided.

What will my credit limit be on the Nationwide Member Credit Card?

Nationwide sets your credit limit when you apply for the card. It's based on factors like your credit score, and your regular income and outgoings. You can apply for an increase every six months through your online banking or in the app. As you'd expect, any increases are at Nationwide's discretion, but you'll stand a better chance if you've used the card responsibly over the previous six months (stayed within your existing limit and made all repayments on time).

Can I still get the Nationwide Member Credit Card All Rounder Offer 0% deal if I recently had a Nationwide credit card?

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

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Our team evaluates credit cards to determine their value against similar products on the market.

We look at the how good the card is for its designated purpose – spending abroad, clearing debt, earning air miles etc – how costly it is to use day-to-day and whether it offers much in the way of extras. Learn more about our credit card rating methodology.

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