Nationwide 0.5% Cashback

ricey420

Hi folks,

I currently have the Nationwide Select Credit Card which pays 0.5%.

As I already have a current account with Nationwide, I am able to pay off my credit card balance at any point.

My question is, if I buy something on my credit card, and pay it immediately (or after a day or two), would I still be eligible for the 0.5% cashback?

Any help would be appreciated


Many thanks,
George

[Deleted User]

Yes. Although for a number of reasons, you would be better off waiting until you receive the statement each month.

ricey420

That's great, thank you for the quick reply

I think I would rather pay it immediately, so as to not get into a false sense of security with my current account balance :rotfl:

SnowTiger

ricey420 wrote: »

I currently have the Nationwide Select Credit Card which pays 0.5%.

As I already have a current account with Nationwide, I am able to pay off my credit card balance at any point.

My question is, if I buy something on my credit card, and pay it immediately (or after a day or two), would I still be eligible for the 0.5% cashback?

Yes, however it may appear to anyone who looks at your credit report that you haven't used the card at all because the statement and snapshot balances would most likely always be £0.

And, of course, it would be wise to keep the cash in an interest earning bank account until your Nationwide statement has to be paid.

planteria

the answer to your question is certainly 'Yes', and it is worth doing in preference to paying on a debit card that doesn't pay you any cashback, for example.
i would be interested to understand the number of reasons that zx81 has in mind.
letting the statement come and then clearing by Direct Debit would be my approach, but that does necessitate you coming to terms with a 'false position' as you would have Debt and Credit to cover it.