Nationwide Select...

KTF

swindled wrote: »

discounted... debit card withdrawal rates.

Where is this mentioned as I wasn't aware of this benefit - not that I would use it over my Clarity card, just curious?

swindled

KTF wrote: »

Where is this mentioned as I wasn't aware of this benefit - not that I would use it over my Clarity card, just curious?

I was certain there is a benefit in using the FlexDirect debit card vs the FlexAccount debit card when you are outside the Visa Europe (Euro) region...

As an aside, I have the 'Cash Reward" credit card as opposed to the plain old "Nationwide" credit card which seems to give the same benefits as the "Select" credit card?

So should I get a "Clarity"? I assume that is Halifax's offering?

KTF

I looked on the overseas cost part on the Nationwide website and couldnt see any difference between the two.

I also have the cash reward card and that seems to be the same as the Select one - no fee on purchases but fee on cash withdrawals.

Halifax Clarify doesnt charge a fee for cash withdrawals or purchases, only interest on the amount withdrawn which can be avoided by paying it off early and/or preloading the card. Hard to beat imo.

swindled

KTF wrote: »

I looked on the overseas cost part on the Nationwide website and couldnt see any difference between the two.

I also have the cash reward card and that seems to be the same as the Select one - no fee on purchases but fee on cash withdrawals.

Halifax Clarify doesnt charge a fee for cash withdrawals or purchases, only interest on the amount withdrawn which can be avoided by paying it off early and/or preloading the card. Hard to beat imo.

So if I get a 'Clarity' credit card and preload it, I can use it to withdraw cash from a foreign ATM at the actual exchange rate and there is no fee for the foreign cash withdrawal and no commission charge on the currency rate?

KTF

swindled wrote: »

So if I get a 'Clarity' credit card and preload it, I can use it to withdraw cash from a foreign ATM at the actual exchange rate and there is no fee for the foreign cash withdrawal and no commission charge on the currency rate?

Assuming you pre-load then you get the inter-bank exchange rate with no added currency conversion or handling charge/withdrawal fee on top.

If you work out the exchange rate on xe.com or similar, that is the amount that you will get on your statement.

System

It's against the T&Cs of the clarity card to preload it as it's a credit card. You might be able to get away with it for small amounts but they may stop the card.

t's suggested that a faster payment is made the same day as any withdrawal as to minimise interest.

Also, be aware that it will be listed as a cash advance on your credit report and may look bad further down the line.