You are here: Home - Uncategorized -

Nationwide resumes 0% credit card deals

0
Written by:
07/03/2007

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.”

 

 

Related Posts

Tagged:

Tag Box

Debt

Pension

Spending

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

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

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...

Close