Paying balance

adra04778

Hi

I have seen that Nationwide credit card don't charge for withdrawning abroad, unlike their debit card, so my question is, if I get a credit card, can I set up a payment from my debit card account to pay off the monthly balance without having to ask them to do it every month, I would be sure to forget
Thanks.

[Deleted User]

i take it your debit card is from your current account?if so yes

Macca83_2

Yeah just set up a direct debit from your current account to pay in full each month

YorkshireBoy

adra04778 wrote: »

I have seen that Nationwide credit card don't charge for withdrawning abroad

Both their cards carry a 2.5% cash withdrawal fee and interest (from day one) at 27.9% APR!

if I get a credit card, can I set up a payment from my debit card account to pay off the monthly balance without having to ask them to do it every month, I would be sure to forget

Yes you can. It's called a full payment direct debit, and is the best method by far for forgetful people.

adra04778

Thanks for the quick replies
Would I use the credit card to withdraw cash as well in the uk, or continue to use the debit card ? Just thinking it would be better to just stick with using one card if you can draw cash off a credit card like you do a debit, I already have the flex account with the Nationwide, Thanks.

Macca83_2

No, don't withdraw cash from your credit card. The bank Will hit you with interest from the moment the cash leaves the atm!

thenudeone

A cash withdrawal on a credit card will be charged interest from day 1 even if the statement is paid in full by the due date.
A cash withdrawal on a debit card won't (as long as you have money in the account).

But either may charge a cash withdrawal handling fee and a currency conversion fee. I don't have the details to hand on what the nationwide cards charge - check their website.

dzug1

adra04778 wrote: »

Just thinking it would be better to just stick with using one card if you can draw cash off a credit card like you do a debit,.

That's only true if the cost to you of doing so is worth it to avoid the inconvenince of using two cards.

A perfectly rational course of action but not a money saving one.

dzug1

YorkshireBoy wrote: »

Yes you can. It's called a full payment direct debit, and is the best method by far for forgetful people.

Except when they forget to have enough money in their current account to pay it:D