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Sign of things to come? - New NationWide Select Card Terms
codeX
Posts: 41 Forumite
in Credit cards
Just received a leaflet from Nation Wide with the new statement.
Highlights of Changes to the Credit agreement from 17 March 2016:
1. Balance Transfer intro rate applied from the date of transfer not from account opening.
2. No interest on new purchases if the outstanding is paid in full (this excludes the balance transfer on promo rate). So, a BT card can be used for normal purchases.
3. £12 over limit fee no longer apply.
4. £5 fee for copy statements no longer apply.
5. No fees for replacement cards.
Overall, I'm quite impressed with the changes.
Highlights of Changes to the Credit agreement from 17 March 2016:
1. Balance Transfer intro rate applied from the date of transfer not from account opening.
2. No interest on new purchases if the outstanding is paid in full (this excludes the balance transfer on promo rate). So, a BT card can be used for normal purchases.
3. £12 over limit fee no longer apply.
4. £5 fee for copy statements no longer apply.
5. No fees for replacement cards.
Overall, I'm quite impressed with the changes.
0
Comments
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(5) has never been an issue as 2 replacements per a year are free. I think it's worth charging at least £50 for 3rd, 4th etc.
(2) and (3) are the most impressive changes. See the old MSE news:
Nationwide revamps credit card fees, but will other providers do the ...0 -
never seen why every card doesn't allow (2) as surely they want you to use the card0
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They make much more money on customers losing promotional rates?0
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2 is very good.0
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