New prices on Nationwide credit cards

Monday, 05 March 2007 12:00

Nationwide Building society credit cards have updated their credit card rates.

From tomorrow (March 6th, 2007), new introductory rates will apply to Nationwide's Gold and Classic credit cards.

The cards will now offer:

  • 0% on balance transfers for 10 months with 2.5% (minimum £2.50) fee
  • 0% on purchases for three months

"The change we have made to our credit card pricing follows significant shifts in the market over the past year and ensures we continue to offer our customers a competitive credit card product that meets their needs," said Nationwide executive director Stuart Bernau.

"This change follows a series of initiatives recently launched by the Society including a new five-year fixed rate mortgage for loyal members and a new range of guarantees on savings products."

Other features of the Nationwide credit cards:

  • Commission free card use abroad
  • Positive order of payments - which means Nationwide ensures that the most expensive debt is paid off first when a credit to the account is made, unlike many other card providers
  • Free 12 months extended warranty on selected purchases
  • 100 days free purchase protection against loss, theft or damage on most purchases over £50
  • Up to 56 days interest free credit
  • Free, secure online banking
  • Free Nationwide Fraud Watch, including active account monitoring
  • No annual fee.

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