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Nationwide to ditch free transactions outside Europe and raise rates
marvin
Posts: 2,186 Forumite
in Credit cards
http://www.guardian.co.uk/money/2009/feb/25/nationwide-credit-card-rates
Interest rates up on both Gold and Classic cards by 2% and a charge for all credit/debit card transactions outside Europe
Interest rates up on both Gold and Classic cards by 2% and a charge for all credit/debit card transactions outside Europe
I started with nothing and I am proud to say I still have most of it left.
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Comments
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Money is getting tighter................................I have put my clock back....... Kcolc ym0
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I always loved this card as there was no extra charges when I go on my holidays, I read the article and it confused me about currency conversion and currency handling fees, I alwasy thought only one was charged by all cards.May 2009 Debt-Free Wannabe
Mortgage £128,170.66
DEBT1 [strike]£23,711[/strike]-[STRIKE]£15,711[/STRIKE] £55000 -
Anyone who uses a Nationwide debit or credit card outside Europe will also be charged a currency conversion fee imposed by Visa, which was previously absorbed by the building society. This will be £4.20 for every £500 spent.
Doesn't seem like a massive amount to me, and therefore quite fair.
"Life is difficult. Life is a series of problems. What makes life difficult is that the process of confronting and solving problems is a painful one." M Scott Peck. The Road Less Travelled.0 -
I cant see reference to this on the Nationwide Media Centre: http://www.nationwide.co.uk/mediacentre/Archive_thisyear.asp?ArchiveDate=1%20January%2020090
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Quite depressing really. It's still one of the best cards for abroad. I wonder if this also applies to their debit card? Not to chuffed that they are paying 1% on cash ISA's. Hardly worth having any savings in the bank these days.:mad:0
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Some other cards charge charge £13.75 on a £500 transaction................................I have put my clock back....... Kcolc ym0
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It may be worth you checking out the Post Office Credit Card (backed by Bank Of Ireland) which doesn't charge a fee for foreign transactions.
Cheers.Mortgage Feb 2001 - £129,000
Mortgage July 2007 - £0
Original Mortgage Termination Date - Nov 2018
Mortgage Interest saved - £63790.60
ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)0 -
Oh well, my Nationwide debit card has served me well on a couple of foreign trips and it looks like the charges won't be introduced until after my next jaunt.:D
Even with the charges it should still be better than almost everyone else?
Edit: Missed the only outside Europe bit so that's good. I'm just looking through the country list on the Nationwide site. Had anyone heard of Kerguelen before?!0 -
Can you post a link to the country list?Oh well, my Nationwide debit card has served me well on a couple of foreign trips and it looks like the charges won't be introduced until after my next jaunt.:D
Even with the charges it should still be better than almost everyone else?
Edit: Missed the only outside Europe bit so that's good. I'm just looking through the country list on the Nationwide site. Had anyone heard of Kerguelen before?!0
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