If you've dug yourself into a financial black hole, a Nationwide Member Credit Card can help. Nationwide gives you a chance to transfer your balances from all your other cards to your new card with them. And you don't have to pay interest on the transfer for months.
This offer is only for new credit cardholders. The Nationwide Member Credit Card comes has two options. Namely the Balance Transfer option or the All Rounder option. Both come with unlimited commission-free purchases and a lot more.
Each option comes with slightly different rules on how long you can buy or balance transfer without interest. We've looked into this card for you and come up with some key details you need to know. And all of that is up next.
Features and Benefits
As part of its introductory offering, Nationwide allows interested applicants to choose from two great options: the Balance Transfer Offer and the All Rounder Offer.
The Balance Transfer Offer gives 0% interest on balance transfer for 18 months and 0% interest on purchases for three months. This is best for individuals who want to consolidate their debt by transferring their balance from another card.
The All-Rounder Offer, on the other hand, is perfect for people who want flexible purchasing arrangements using their credit cards. Under this, you can get 0% on both purchases and balance transfer for 15 months.
Apart from these enviable offerings, Nationwide also provides you with access to commission-free purchases around the globe. What’s more, there is no annual fee for this credit card, allowing you to enjoy its privileges without the extra charge.
How To Apply For The Nationwide Member Credit Card
If you’re thinking of applying for a Nationwide Member Credit Card, you must be at least 18 years of age and be a resident of the UK. As this is a member-only card, you should already be a Nationwide member with either a current, mortgage or savings account.
You must also have a minimum income of £5,000 annually. If you are a member, you can easily course your application via the online application form found on their website. You will have to provide personal information as well as your address history, and employment details.
Once approved, you will be given a credit limit that is highly dependent on your current financial situation and your creditworthiness. The minimum credit limit is £500.
What Are The Fees and Charges?
- APR – 19.9% to 24.9% (variable)
- Annual Fees - £0
- Balance Transfer Fee – 1.5% of total amount (minimum £5) if within 90 days of account opening; regular rate is 2.4% after the introductory period
- Cash Fee – 2.5% (minimum of £3)
Nationwide Member Credit Card Conclusion
The Nationwide credit card provides a great chance for folks to start over with their credit card bills. However, just remember that freeing up your other balances doesn't mean you should start filling them up again. Use it as a golden opportunity to get back on track.
How To Contact Nationwide
For more information, feel free to call Nationwide at 03457 30 20 10. You may also make an appointment with their head office located at Nationwide Building Society, Nationwide House, Pipers Way, Swindon, SN38 1NW.
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.
