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Credit Card Support

Interest rates

Find out more about how we calculate interest on your Nationwide credit card and when it might be applied.

Introductory offers

Your card may have an introductory 0% interest rate on purchases or balance transfers.

The interest free period for purchases starts from the date the account is opened.

For balance transfers the interest free period starts from the date the balance transfer is applied to the account, providing it’s within 3 months of account opening.

Once your introductory offer ends, interest will be charged on your whole balance at your ongoing Interest Rate.

Details of your introductory offer are visible in the “Interest Summary Table” in your statement which you can access in the Internet Bank.

Promotional offers

For existing customers, we sometimes offer balance transfer or purchase offer deals. These allow you to make purchases or balance transfers at a reduced rate of interest. Details of these offers, once accepted, will be visible in the “Interest Summary Table” in your statement.

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How and when interest is charged on purchases

Once any interest free period on your card has ended, we work out interest on the average daily balance during each month, which is then charged to your account on your statement date.

Depending on your circumstances and which card you apply for, you’ll be offered an annual interest rate between 15.9% and 19.9% APR if your application is successful.

Find your specific rate in the ‘Interest Summary Table’ in your statement. If you’re registered within the Internet Bank you can view your statement online.

Log in to view your statement

Interim payments

An interim payment is an additional payment made to your card during a statement period. As we work out interest on the average daily balance during each month, any payment you make to reduce your balance will reduce the amount of interest that is charged to your account on your statement date.

You can make an interim payment at any time either online, in branch or over the phone.

Useful links

How interest is charged for cash advances

Whenever you use your card to obtain cash (for example, from an ATM), or for gamblingCashback you will pay a specific ‘cash advance’ rate of interest for those specific transactions.

The annual cash advance rate for cash withdrawals is the same as your ongoing purchase APR.

We work out interest on the average daily balance of cash advance transactions during each month, which is then charged to your account on your statement date.

Interest is charged on cash advance transactions from the day they are made, even if you pay your balance in full on your payment due date.

You can check your cash advance interest rate in the “Interest Summary Table” in your statement.

Please note that fees may apply to cash advances.

Log in to view your statement

Learn about fees for cash advances

How interest is charged for foreign currency transactions

We charge interest on purchases in a foreign currency at your usual rate of interest once any interest free period has ended. You can find your specific rate in the ‘Interest Summary Table’ in your statement.

We work out interest on the average daily balance of purchases during each month, which is then charged to your account on your statement date.

If you use your card to obtain cash in a foreign currency (for example, from a Bureau in the UK or from a cash machine abroad), or for gamblingGambling you will pay the ‘cash advance’ rate of interest for those specific transactions.

The annual cash advance rate for cash withdrawals is the same as your ongoing purchase APR.

Interest is charged for cash advance transactions from the day they are made, even if you pay your balance in full on your payment due date.

Please note that fees may apply to foreign currency transactions.

Learn about fees for foreign currency transactions

How we charge interest on balance transfers

Once any interest free period offers have ended, we charge interest on balance transfers at your ongoing rate.

Depending on your circumstances and which card you apply for, the annual interest rate will be between 15.9% and 19.9% APR if your application is successful.

Interest is charged on balance transfers from the day of transfer, even if you pay your balance in full on your payment due date.

You can check your balance transfer interest rate in the “Interest Summary Table” in your statement.

Please note that fees may apply to balance transfers.

Learn about fees for balance transfers

Documents for your card

If you’d like more information about the rates, interest and charges for your card, try the document downloads below. You’ll find the detail in a general copy of the Terms & Conditions and a useful summary in a copy of the back of our statements.