Happy New Year: Nationwide helps customers manage Christmas debt

Society lowers credit card balance transfer fee

05 January 2015

Nationwide Building Society is wishing customers a Happy New Year as it offers a significantly reduced balance transfer fee¹ on its credit cards from today (5 January 2015).

A lower fee of 0.35% (from 0.65%) for Credit Card customers and 0.25% (from 0.55%) for Select Credit Card³ customers is available to those who opt for the 15-month balance transfer offer and undertake a balance transfer in the first three months of the card being opened.

Nationwide’s new offer, in addition to the introductory offer² of 15-months 0% interest on balance transfers, makes a Nationwide credit card a great way to manage debts after the busy festive season.

John Crossley, Nationwide’s Head of Credit Cards and Personal Loans, said: “Christmas is an expensive time of year and we understand how easy it is to spend more than planned. We wanted to help people manage their finances at a time of year when many might be struggling. By reducing the balance transfer fee on our credit cards, people will have some peace of mind that they can deal with their existing debt while keeping a lid on their costs.

“With the extra benefits that come with our credit cards, such as 0% introductory offers on purchases and balance transfers, cashback and commission-free purchases abroad, this latest offer really demonstrates that Nationwide’s credit cards are worth having in your wallet this New Year.”

Notes to Editors

¹Offer may be withdrawn at any time.

² Introductory offers are available to new account openings where the customer has not held a Nationwide credit card for at least the past year. Introductory rates apply from the date the account is opened.

³The Select Credit Card is available to members over the age of 18 who use their Nationwide FlexAccount or FlexOne Account as their main current account or hold a Nationwide FlexDirect or FlexPlus account.

To qualify as a main FlexAccount holder, you must hold a FlexAccount with a Visa debit card (not a cash card or cash card +) and:

  • Have been paying in £750+ a month for the last 3 months (excluding internal transfers);


  • Completed an account switch to us (from a non-Nationwide account) using our Current Account Switch Team in the last 4 months

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

Representative example – Nationwide Credit Card:
17.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 17.9% p.a. (variable).

Representative example – Select Credit Card:
15.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 15.9% p.a. (variable).

For full details and terms and conditions of Nationwide’s credit cards.

About Nationwide

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 customers.

Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 18,000 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.