One of the best things about the Nationwide credit card service is its ability to provıde solutıons for a variety of customer types. According to Which.co.uk, Nationwide credit cards get5 out of 5 on most satısfactıon crıteria.
However, getting the best card depends on what you need it for. Some people prefer cashback offers, while others are looking for other things like low APR, no annual fee, or easy balance transfers.
The Member Credit Card offers a 0% transfer charge which makes it cost-effective to transfer the balance between cards. You can get two different offers on a single card, the Balance Transfer Offer, and All Rounder Offer.
Features of Nationwide Member Credit Card
This a holiday-oriented credit card that not only has a 0% transfer fee but also proffers great benefits for frequent travelers. Even better, if you want to go on holiday, let it tag along for fee-free spending abroad.
Furthermore, for those stuck in credit card debt and looking to change their cards, switching to the Nationwide Member credit card will be beneficial. The All-Rounder card is considered a jack of all trades.
The 0% balance transfer fee (for a limited period) and relatively low charges are what make the Member card a preferred choice. The best part is that there is no fee for either monthly or annual usage.
This cost-free operation of the Nationwide Credit Card and member-first policies help make the organization a bit of a people-pleaser.
Pros and Cons of Nationwide Credit Card
The zero-fee, low interest and zero transfer balance fees are the main constituents of the card making it a conducive choice for almost everybody.
Besides these benefits, you won’t get any interest charged on the card for an introductory period, which further helps optimally manage credit card debt.
The Nationwide Member credit card when obtained with the FlexPlus current account further makes you eligible for worldwide travel insurance.
The big con is that you can't get the card unless you are an existing customer of the bank. So, new customers have to get an account before they can get a credit card.
Nationwide Member Credit Card Fees
- Sign-up Fee: Zero Fee
- Annual Fee: No Annual Fee
- Interest Rate: 19.9% to 24.9% per year
- APR: 19.9% APR
- Balance Transfer Rate: 0% for the first 18 months.
- Cash Advance Fee: 2.5% or £3 (whichever is higher)
- Cash Withdrawal Fee: 19.9% to 24.9% per year
- Foreign Transaction Fee: 0%
- Late Payment Fee: £12
Credit Card Eligibility
The first condition to apply for the card is that you need to be a member of Nationwide Bank. You must have either a current account, a mortgage account, or a savings account.
In addition to this, you must be 18 years or over, a resident of the UK, and should be earning at least £5,000 per year.
This condition of being an existing member can be troublesome for some people, but having an account with one of the most famous financial institutions is a great asset.
How to Get the Nationwide Member Credit Card?
The best method to apply for this card is by filling an online application. Follow the Apply Online application link given on the website, if you are a member.
However, the application for non-member is different. Non-members have to open another account first. With the application, the bank will check your credit history and current score.
Rest assured that your credit score won’t be affected due to the score checking. Secondly, you need to provide the details of your income especially if it has changed due to the pandemic.
Bank Address and Contact
Although you will find all the information about the credit card online or with this article. Still, if you want to know more, contact the bank or pay them a visit.
Head Office Address
Nationwide House,
Pipers Way,
Swindon SN38 1NW
Phone: 03457 30 20 10
Conclusion
The Nationwide Member credit card can be a great tool if you use it responsibly. Sure you can transfer over your existing card balances and save on interest, but it won't help if you fill up the cards again.
Make sure you check out several cards before deciding on applying for one.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions page before agreeing to anything.
