Nationwide Select Credit Card review November 2019
With 0% deals on purchases and balance transfers and no foreign currency fees, Nationwide's main credit card ticks a lot of boxes.
Finder rating: ★★★★★
Doing its job: 4.5/5
In a nutshell:
0% interest on balance transfers
Balance transfer fee
0% interest on purchases
|Balance transfers||0% for 12 months reverting to 15.9%|
|Balance transfer fee||0% for 3 months reverting to 2.4% (min. £5)|
|Purchases||0% for 12 months reverting to 15.9%|
|Purchases interest-free period||Up to 56 days|
|Min. credit limit||£500|
|Max credit limit||Not specified|
|Additional cards available||5|
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.
This is a versatile credit card that ticks a lot of boxes.
First of all, it offers introductory 0% deals on both purchases and balance transfers. They aren’t super long, but there’s no balance transfer fee, which means that if you can clear up your debt before the introductory period is over, paying it back won’t cost you a penny – not in interest, not in fees.
The 15.9% revert rate is also one of the lowest you can find among 0% balance transfer credit cards – even though it’s still much better if you can clear your balance before the intro period expires.
Finally, this card is also part of the exclusive club of credit cards that don’t charge any foreign transaction fees. This means that even if you take it on holiday to the Carabbean (or anywhere else) with you, you won’t regret it – using it will cost you exactly as much as it would in the UK.
The main disadvantage of this credit card is the lack of substantial perks or rewards. It used to offer cashback on purchases with a range of retailers, but unfortunately the offer was withdrawn in 2018 and isn’t accessible to new customers. Sigh.
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 Select 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.