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  • FIRST POST
    • philip1427
    • By philip1427 29th Nov 17, 6:46 PM
    • 94Posts
    • 14Thanks
    philip1427
    Alternative to Nationwide Select CC
    • #1
    • 29th Nov 17, 6:46 PM
    Alternative to Nationwide Select CC 29th Nov 17 at 6:46 PM
    Nationwide have just informed my that they are dropping their cash back rate to 0.25%

    I try to pay on Amex where I can but some shops don't take it, can anyone recommend a good visa/mastercard cashback CC to replace to Nationwide Select.

    I fully anticipate Nationwide will be losing a lot of CC revenue this way...
Page 1
    • gt94sss2
    • By gt94sss2 29th Nov 17, 6:59 PM
    • 3,989 Posts
    • 1,840 Thanks
    gt94sss2
    • #2
    • 29th Nov 17, 6:59 PM
    • #2
    • 29th Nov 17, 6:59 PM
    Have a look at this article

    The Aqua Reward card is decent as long as you don't need a very high credit limit.

    Alternatively Santander and Natwest offer cashback credit cards but these come with monthly fees (potentially waived if you have a specific current account)
    • Fingerbobs
    • By Fingerbobs 29th Nov 17, 7:08 PM
    • 345 Posts
    • 80 Thanks
    Fingerbobs
    • #3
    • 29th Nov 17, 7:08 PM
    • #3
    • 29th Nov 17, 7:08 PM
    There's also TSB cards, which offer 1% cashback on up to £500 of spend each month if you also have their Classic Plus current account (which is free and has its own perks), but that offer is scheduled to expire in June 2018.
    • Heng Leng
    • By Heng Leng 30th Nov 17, 6:58 AM
    • 4,265 Posts
    • 1,311 Thanks
    Heng Leng
    • #4
    • 30th Nov 17, 6:58 AM
    • #4
    • 30th Nov 17, 6:58 AM
    Nationwide have just informed my that they are dropping their cash back rate to 0.25%

    I fully anticipate Nationwide will be losing a lot of CC revenue this way...
    Originally posted by philip1427
    Nationwide can only make 0.3% on your transactions...

    They won't miss paying you 0.5%.
    Even at 0.25%, they likely barely break even.
    • RG2015
    • By RG2015 30th Nov 17, 9:03 AM
    • 576 Posts
    • 301 Thanks
    RG2015
    • #5
    • 30th Nov 17, 9:03 AM
    • #5
    • 30th Nov 17, 9:03 AM
    Have a look at this article
    Alternatively Santander and Natwest offer cashback credit cards but these come with monthly fees (potentially waived if you have a specific current account)
    Originally posted by gt94sss2
    How do you get the Santander monthly fee of £3.00 waived?

    I do this for NatWest but cannot see any equivalent fee refund current account on Santander.
    • copperclock
    • By copperclock 30th Nov 17, 12:08 PM
    • 224 Posts
    • 248 Thanks
    copperclock
    • #6
    • 30th Nov 17, 12:08 PM
    • #6
    • 30th Nov 17, 12:08 PM
    We use a Tesco card as out Amex alternative to get a few Clubcard points. We're probably going to change them into airmiles.
    • gt94sss2
    • By gt94sss2 30th Nov 17, 12:21 PM
    • 3,989 Posts
    • 1,840 Thanks
    gt94sss2
    • #7
    • 30th Nov 17, 12:21 PM
    • #7
    • 30th Nov 17, 12:21 PM
    How do you get the Santander monthly fee of £3.00 waived?

    I do this for NatWest but cannot see any equivalent fee refund current account on Santander.
    Originally posted by RG2015
    They were doing it some months ago - doesn't seem as if Santander are currently offering it though
    • aleph_0
    • By aleph_0 30th Nov 17, 3:41 PM
    • 515 Posts
    • 339 Thanks
    aleph_0
    • #8
    • 30th Nov 17, 3:41 PM
    • #8
    • 30th Nov 17, 3:41 PM
    Nationwide can only make 0.3% on your transactions...

    They won't miss paying you 0.5%.
    Even at 0.25%, they likely barely break even.
    Originally posted by Heng Leng
    This. What this also means is that the other providers offering over 0.3% are likely to be considering their position.

    The game in town now is getting the other cards before they are withdrawn. The aqua card is most at risk (they'd have to subsidise your 0.5% from the fact they're targeting individuals with lower credit ratings, but then can use credit limits to reduce their costs). Asda/Amazon/John Lewis might survive, because they might be happy to subsidise to keep their brand in your wallet. Providers might/might not be generous about letting existing card holders keep benefits.
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