Nationwide additional 1% cashback bonus

SammenForLivet2

Hello all,

I have a Nationwide 20 month Balance Transfer Account (which I moved all my credit card debt and pay off equal sums every month for the 20 months). I have just got this letter below:

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'Your Nationwide Credit Card got more rewarding'

Dear Mrs. Macdonald,

Good News, here's another benefit from your Nationwide Credit Card.

Between 1st September and 27 November 2013 your automatically get 1% cashback on all eligible spend* over £200 in a calendar month.

Your 1% cashback will be paid into your account in the month after the period of your eligible spend has exceeded £200.00, appearing as a Credit on your statement.

If you've got another cardholder on the account, their spend counts too.
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I believe that only customers that receive this letter will be eligible for this promotion.

I don't think I will go for it as I have the Balance Transfer on the card and thus any spend will immediately occur interest - and my rate is 15.9%, so I presume the cashback will not outweigh the interest?

CLAPTON

what does over 200 mean?
e.g if you spend 300 do you get 1% of 300 or 1% of 100?

SammenForLivet2

I presume it means that if you spend, say £500, you will get £5 (1% of £500), but if you spend £100 - you won't get anything, as it's not over the 'Eligible Spend Minimum' - but I could be corrected?

zerog

I think it's best to assume the minimum so you don't get disappointed.

From what you pasted, it says "on all eligible spend over £200" which means £3 for £500 to me.

If you have a BT on it then it's useless.