You are here: Home - Uncategorized -

Nationwide resumes 0% credit card deals

Written by:

People who are about to compare credit cards in anticipation of taking one out will note that Nationwide Building Society is to bring back the 0% balance transfer card, 18 months after scrapping its interest-free offer.

People who compare credit cards and, as a result, apply for its Gold and Classic cards from tomorrow will receive 10 months worth of interest-free credit on balance transfers and three months for purchases. Nationwide will charge a 2.5% fee on balance transfers.

The building society replaced its 0% balance transfer deal with a 4.9% offer in October 2005, as it was uncomfortable with the fees being charged to customers.

“At the time we didn’t like how fees were being charged because there weren’t any guidelines in place about how they should be implemented.

“Last year, however, the Office of Fair Trading produced guidelines on credit card fees, so we feel that now is a good time to bring back the offer.”

Certainly it has caught the eye of Rachel Jackson, a 25-year-old human resources executive. “I have been meaning to compare credit cards for a long time and a 0% balance transfer offer seems like a good deal,” she said. 

“I do have a balance to transfer from quite an expensive card at the moment and as Nationwide is a mutual building society I intend to take one of its cards.”




Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Barclaycard sheds 600 UK jobs in favour of India

Barclaycard is closing its call centre in Manchester, with the loss of more than 600 jobs, and outsourcing some of...