Keep Nationwide Select Credit Card?
MDMD
Posts: 1,429 Forumite
in Credit cards
Hi all
I currently have four cards ( Halifax Reward, Santander 123, First Direct Gold and Natiowide Select)
The Select card has recently finished its 15 month interest free period and I was thinking of cancelling it as most of the spending goes on the 123 or Halifax card.
Is there any benefit to keeping it, as I can't see that much will go through it to generate a massive amount of cash back. I no longer have a Nationwide account as I switched my old flex direct account to M&S for the voucher.
I think from reading the T&C that if I cancel the card I get this year's payment early.
I currently have four cards ( Halifax Reward, Santander 123, First Direct Gold and Natiowide Select)
The Select card has recently finished its 15 month interest free period and I was thinking of cancelling it as most of the spending goes on the 123 or Halifax card.
Is there any benefit to keeping it, as I can't see that much will go through it to generate a massive amount of cash back. I no longer have a Nationwide account as I switched my old flex direct account to M&S for the voucher.
I think from reading the T&C that if I cancel the card I get this year's payment early.
0
Comments
-
I keep a Nationwide card. Anything that qualifies for Santander 123 cashback goes on there, everything else on the Nationwide. 0.5% cashback is better that nothing.0
-
I keep the Nationwide Select Card for zero commission on foreign spending, 0.5% cash back is an added bonus. It's the only card I use abroad.2018 wins: Aspinal of London jewellery box, Boudavida gym outfit, HP Pavilion laptop, The List party tickets, All Points East festival tickets, Kiehls moisturiser, By Terry cc serum, Nars Liquid Bronzer, Benefit highlighter, Nars illuminator, Fresh advanced lip trio set, Cetaphil sample set, signed copy of My Absolute Darling by Gabriel Tallent0
-
No load on foreign currency transactions?
This is a good point but I can get that on my Halifax card and I don't go abroad enough for this to be a major issue.
I'm applying for a mortgage in the next 2-3 months and wondered if combined credit of 14k on 50k income would be seen as excessive. I have a balance of 3k at 0% on the 123, which I need to decide whether to pay off.0 -
This is a good point but I can get that on my Halifax card and I don't go abroad enough for this to be a major issue.
I'm applying for a mortgage in the next 2-3 months and wondered if combined credit of 14k on 50k income would be seen as excessive. I have a balance of 3k at 0% on the 123, which I need to decide whether to pay off.
Wouldn't have thought the credit looks too bad, might be worth paying off the balance transfer though.
If this is your major consideration then maybe worth posting on the housing or mortgages boards where there are brokers who could advise in more detail.0 -
What benefit is there to owning and keeping the FD card? Does it give you something that makes it more useful/profiable to you than the Nationwide card?0
-
What benefit is there to owning and keeping the FD card? Does it give you something that makes it more useful/profiable to you than the Nationwide card?
There is 0% on that one too (although no balance at present) but if I'm honest it's also because I like the gold lettering. Agree that it's not really a reason to keep the card
I applied because of the £25 cash back they were giving a few months ago.0
This discussion has been closed.
Categories
- All Categories
- 343.2K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608K Mortgages, Homes & Bills
- 173.1K Life & Family
- 247.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards