Do you have a passion for travelling? Are you one of those people for whom vacations are a lifestyle necessity? Then you’d probably understand just how difficult it is to fund a good vacation for you and your family; money doesn’t grow on trees and travelling takes quite a lot of it!
In these times, it would be very convenient if there was just a stress-free way to purchase things as you go on vacation abroad. Thankfully, there is, and the Nationwide Credit Card can provide that peace of mind for you!
Now, you can easily spend on holidays without having to worry about money. Let’s learn more about Nationwide Credit Card services.
- About Nationwide Building Society
- Introductory Offers with Nationwide
- The All Rounder Offer
- Features and Benefits
- Why Choose Nationwide
- Eligibility, Rates, and Fees
About Nationwide Building Society
Nationwide Building Society is a ‘mutual’, which means that it is built for the benefit of its members and is run by the members too. It’s also very simple to become a member of the Nationwide Building Society: all you need to do is have a current account, a mortgage, or a savings account with them.
The Nationwide Credit Card services are only available to current members of the Nationwide Building Society through other financial matters.
Nationwide Credit Cards are issued over the Visa network, making them easily acceptable in more than 20 million locations around the world – a true traveller perk!
Money Management with Nationwide
Nationwide claims that the company is a responsible lender, which means that they consider it as their own job to help you understand more about money management.
You can always reach out to their customer service representatives and learn more about how to manage your money with their credit cards and other offers.
Introductory Offers with Nationwide
For travel enthusiasts, Nationwide has a travel-friendly credit card available only for members to sign up for, called a ‘Member Credit Card’ and it comes with two brilliant offers that you can pick according to your requirements.
Their two offers are known as the Balance Transfer Offer and the All Rounder Offer.
In the Balance Transfer Offer, you get 0% on balance transfers for 18 months and 0% on purchases for 3 months.
In the All Rounder Offer, you get 0% on purchases for up to 15 months and 0% on balance transfers for 15 months too. Do keep in mind that in both of these offers, Nationwide will levy bank transfer fees.
Balance Transfer Offer
If you’re thinking about getting the Balance Transfer Offer for your Nationwide Credit Card, it may be a good choice for you if you want all of your borrowings shifted to just one card!
You should also consider going for a Balance Transfer Offer if you want a longer period of credit that is also interest-free, to help pay off an outstanding, transferred owings. However, this offer may not be suitable for you if you don’t have existing credit card borrowing on your name.
Balance Transfer Offer may also not be a good option for you if you only have the intention of making purchases and repaying them over a longer period of time throughout your Member Credit Card usage.
The All Rounder Offer
If the Balance Transfer Offer doesn’t seem like the right choice for you, go for the All Rounder Offer instead!
This offer is suitable for people who want flexibility with their card whenever they want to make a purchase and also to use the same card for transferring existing credit card borrowing.
Plus, if you are planning to use the Member Credit Card to spend on your holidays or for any other purchase with the intention of paying back within 15 months, go for the All Rounder Offer.
However, it may not be ideal for you to go for this card if you are only using it to transfer existing borrowing and aren’t planning to make new purchases with this credit card. In that scenario, going for All Rounder Offer may not bring you much benefit.
Important Details to Note
Keep in mind that all the bank transfers that are being made at 0% interest should be done within the first 90 days of getting your account opened if you want to benefit from the 0% interest rate.
This introductory offer will begin right after the balance transfer is applied on your account.
A bank transfer fee of 1.5% will be applied during the first 90 days of your card being opened, and after that, it’ll be a flat rate of 2.4% which is £5 at the minimum. The purchase rate of 0% also applies right after you get your account opened.
Features and Benefits
Every Member Credit Card comes with an unlimited commission-free purchase option for you as you go abroad, and you can easily spend your vacation without having to worry about the charges because Nationwide has you covered.
One thing that every credit card owner worries about is the annual fee for the credit card. But when it comes to Nationwide Member Credit Cards, you don’t need to take your calculators out and see if the annual fee is actually worth it – there is no annual fee!
Limited Time Interest-Free Transfer Balances and Purchases
If you own another credit card and have a huge and expensive debt on it, you can easily transfer it on a Member Credit Card in order to benefit from their 0% interest on the transferred balance. However, do keep in mind that this rate is only applicable for a limited period of time.
If you’re getting the new Nationwide Credit Card in order to carry out a significant expenditure through it, do know that you’ll be able to benefit from the 0% interest on purchases as well! However, as with the 0% interest on bank transfers, this is also for a specified period of time.
Why Choose Nationwide
Now, this is a question that crosses every person’s mind when they think about getting a new credit card for themselves: why this company over the other? Lucky for you, Nationwide has the answers to all of your questions – which is another reason why you should pick this company!
As mentioned previously, Nationwide is a mutual, so every decision that is being taken by the company will be for the benefit of its members. They invest their profits into improving the quality of their service and you also get a say in how their company is run! You can give them your feedback and they’ll take it seriously.
If you begin recommending Nationwide to others then you may also benefit from cash rewards or better rates. The core values at Nationwide are decency, fairness, and dependability and they’ve invested at least £21 million into community services to give back to the society as well.
It’s easy to contact Nationwide to learn more about their services, or ask questions about their credit card offerings or other banking offers!
You can contact them at their headquarters at Nationwide Building Society, Nationwide House, Pipers Way, Swindon, SN38 1NW.
You can also contact them by telephone at 0345 600 66 11 from within the UK or at +44 2476 43 89 97 if calling from abroad.
Eligibility, Rates, and Fees
In order to be eligible for the services offered by Nationwide Credit Card, you must be at least 18 years of age. It’s also essential for you to be a UK resident, plus, you need to be a member of Nationwide as well.
As mentioned above, to be a member of Nationwide you need to have a current account, mortgage, or a savings account with them. Other than that, you need to have an income of at least £5,000 a year in order to be eligible.
You also cannot be bankrupt, subject to an Individual Voluntary Agreement (IVA), and you can also not have any County Court Judgements on you.
As a current Nationwide Credit Card user, you must not have missed three or more credit payments in the last 12 months.
Rates and Other Fees
Once you’ve decided which offer you want to pick, you can simply log into your Internet Banking account provided by Nationwide and complete the online application form provided. It will take less than 10 minutes to fill out the form.
Here is a list of further fees attributed to the Member Credit Card.
- Annual/Monthly Fees: £0
- Minimum Monthly Payment: 1% or £25 (whichever amount is greater) or the sum of interest, default fees, and charges in an addition to 1% of the remaining balance.
- Balance Transfer Fee: 1.5%, with a minimum of £5, for three months and the rate is then reverted to 2.4%, a minimum of £5.
- Foreign Usage Charges for EU: 0%
- Foreign Usage Charges Worldwide: 0%
- Cash Advance Fee: 2.5%, with a minimum of £3.
- Late Payment Fee: £12
All in all, if you’re looking for a credit card that will suit your travelling needs in the best way possible, look no further than Nationwide. The company will cater to your needs just the way you’d want them to!
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions page before agreeing to anything.