January offers for Nationwide customers

New credit card and personal loan deals available

13 January 2014

Nationwide Building Society has launched a series of exclusive offers for its main current account customers1. This includes a credit card cashback offer and a reduced personal loan rate; just two of a number of 'Flexclusive' offers that are available.

Anyone opening a Nationwide Select Credit Card will have 2% cashback applied on eligible sterling purchases made for the first 90 days from account opening, reverting to 0.5% thereafter2. This is in addition to an interest free purchase offer of 15 months, along with an interest free balance transfer offer of 26 months, with a balance transfer fee of 2.4% (minimum £5). The Select Credit Card also offers unlimited commission-free purchases abroad.

A personal loan rate of 4.9% APR Representative is now available to customers borrowing between £7,500 and £14,999, for loans of up to five years. Nationwide customers can apply for the loan in branch, online via www.nationwide.co.uk or by telephone3.

Graham Pilkington, Nationwide's Director of Banking, Insurance & Investment, said: "We find at this time of year our customers are looking at ways to manage their finances or consolidate debt, so we have introduced two offers that will help them. In comparison to other high street providers, these deals are particularly competitive - our latest personal loan rate, for example, is currently one of the lowest rates available on the high street.

"Our range of 'Flexclusives' are designed to reward our main current account holders with exclusive rates and deals on our other products."

Additional 'Flexclusive' offers include*:

  • £50 introductory discount on car insurance
  • Introductory 30% discount on home insurance when you buy new buildings and contents cover together
  • Two exclusive mortgage deals – 5 Year Tracker mortgage and 4 Year Fixed Rate mortgage
  • Access to exclusive savings accounts such as Flexclusive Saver and Flexclusive ISA

The Select Credit Card and personal loan offers will be available to Nationwide main current account customers up to and including 19 February 2014 in branch, online via www.nationwide.co.uk or by telephone.

Notes to editors:

1To qualify for these Flexclusive offers, you must:

  • Hold a FlexAccount with a Visa debit card (not cash card or cash card+) and:
    • Have been paying in £750+ a month (excluding internal transfers) for the last three months; or
    • Complete an account switch to us (from a non-Nationwide account) using our Current Account switch team or have done so in the last four months; or
  • Hold a FlexDirect or FlexPlus account

Offers may be withdrawn and terms and conditions may change at any time.

For the personal loan offer, the account transfer must be requested in branch or telephone and the account must be eligible for an overdraft. To continue to qualify for cashback the customer must maintain their main current account relationship with Nationwide.

2Select Credit Card:

Representative example:

15.9% APR Representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 15.9% p.a. (variable).

This offer is available to new account openings where the customer has not held a Nationwide credit card for the past year. Introductory rates apply from the date the account is opened. Balance transfers at 0% must be made within three months from account opening and are subject to a fee of 2.4% (minimum £5).

Cashback is available on sterling purchases only (balance transfers, cash advances and payment protection insurance premiums are excluded). Customers who qualify for this offer will receive the additional cashback in December along with their annual cashback payment. The cashback rate will revert to 0.5% following the 90 day period.

Nationwide credit cards are available to those aged 18+ and are subject to circumstances. Nationwide subscribes to the Lending Code.

3Personal loans:

Representative Example:
4.9% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 49 months at an interest rate of 4.9% p.a. (fixed). Monthly repayment £225.11. Total amount payable £11,030.39.

If a joint application is made only the first named account holder must meet the main current account customer eligibility criteria.

Personal loans are available to customers aged 18 – 79 and are subject to status. Rates may vary from time to time without notice. You should consider all borrowing options carefully and seek independent advice.

Nationwide subscribes to the Lending Code.

* Additional Flexclusive offers:

  • Car insurance: To take advantage of the car insurance £50 discount, call 0800 6816469. This offer is for the first year of cover and is valid for quotes given until 31/07/14. Discount is not available from our website and can not be used in conjunction with any other offer. Only one offer is valid per new policy. Nationwide Building Society acts as an introducer to Liverpool Victoria Insurance Company Limited for Car Insurance
  • Home insurance: Underwritten by U K Insurance Limited. Introductory 30% discount when you buy new buildings and contents cover at the same time for the same property within branch or over the phone only. Discounts do not apply to Home Emergency or Legal Assistance Cover. Subject to minimum premiums. The premium quoted will be inclusive of the discount that you are entitled to. If you cancel either your buildings or contents insurance within 12 months of purchasing a combined insurance policy, Nationwide and U K Insurance Limited reserve the right to remove the combined discount for the remaining period of cover
  • Flexclusive Saver: available in branches only. Interest is calculated daily and paid annually on 31 December. Minimum opening balance £1,000 with unlimited deposits and withdrawals. Maximum balance £5 million
  • Flexclusive ISA: Interest is calculated daily and paid annually on 30 September. New ISA subscriptions only
  • 5 Year Tracker mortgage: Tracks the Bank of England Base Rate. Minimum deposit 15%. Unlimited overpayment allowance. No early repayment charges
  • 4 Year Fixed Rate mortgage: No product fee option available*. Minimum deposit 5%. Early repayment charges apply for the period of the deal if you exceed your monthly overpayment allowance of £500 or redeem your mortgage early

*Upfront £99 non refundable booking fee applies

** Save to buy is available to all first time buyers and home movers, including existing Nationwide customers moving home

For our Mortgages our Standard lending criteria applies, and are subject to personal circumstances.

Maximum LTV:

  • Lending from 85.01% to 90% LTV is available on fixed rate mortgages.
  • Lending above 90% LTV is available on three, four and five-year fixed rate mortgages. Lending above 90% LTV is available on two-year fixed deals via the NewBuy scheme
  • 95% LTV mortgages are available to:
    • Existing Nationwide mortgage borrowers switching at the end of their current deal or moving home.
    • Save to Buy customers.
    • NewBuy customers.
  • 90% LTV mortgages are available to:
    • Existing Nationwide mortgage borrowers switching at the end of their current deal or moving home.
    • First-time buyers and home movers.
  • First-time buyers can access 95% LTV products through Save to Buy and NewBuy.
  • Maximum 75% LTV on new build flats and 85% LTV on new build houses (90.01% to 95% LTV for approved NewBuy housing providers).


About Nationwide Building Society
Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million members.

Customers can manage their finances in branch, on the telephone, internet and post. The Society has around 15,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

Please note: If you are a customer looking for information on our products and services, please visit the main website.