NAtionwide Gold -v- Supercard

Fi_S

I have a Nationwide Gold account which you pay 1% for currency conversion. If I like that card to the Supercard would I get a better rate on conversion is less than 1% as Supercard uses domestic currency conversion rate?

Assistance please

dj1471

Yes for purchases because Supercard doesn't charge anything. But they charge 3% for ATM withdrawals so you'll be better off with your Nationwide card if it only charges 1% without any other fees.

guesswho2000

dj1471 wrote: »

Yes for purchases because Supercard doesn't charge anything. But they charge 3% for ATM withdrawals so you'll be better off with your Nationwide card if it only charges 1% without any other fees.

Which it doesn't, for cash it charges 2.5% - this makes it slightly better than the Supercard, but using the SC means no interest, so there'll be very little in it.

Personally, if these were my options, I'd use the Supercard, as you won't get a cash advance flag on your credit file.

chattychappy

guesswho2000 wrote: »

as you won't get a cash advance flag on your credit file.

Oh that must be a very minor consideration. I'm doing cash advances on Clarity/Santander Zero all the time.

I think it's only negative when combined with other factors - eg missed payments, only paying minimums, up the limit. Even then, I wonder.

guesswho2000

chattychappy wrote: »

Oh that must be a very minor consideration. I'm doing cash advances on Clarity/Santander Zero all the time.

I think it's only negative when combined with other factors - eg missed payments, only paying minimums, up the limit. Even then, I wonder.

Yes, I agree, I've spent years doing the same across a number of different cards when abroad, and it's never caused me an issue, but it's still something to consider I guess, albeit a minor point.

The other benefit of using SC is that it recharges to your normal Visa/MC as a purchase, so you get whatever points/cashback you'd normally get on purchases. What the Nationwide Gold gives, I don't know, must be a fair few years since they offered that card to new applicants now.

System

The standard Gold card didn't give any points etc and was loading free in Europe and 1% outwith Europe.

The main benefits would be the use of Mastercard forex rate and the charging of ATM withdrawals as purchases.

guesswho2000 wrote: »

Yes, I agree, I've spent years doing the same across a number of different cards when abroad, and it's never caused me an issue, but it's still something to consider I guess, albeit a minor point.

The other benefit of using SC is that it recharges to your normal Visa/MC as a purchase, so you get whatever points/cashback you'd normally get on purchases. What the Nationwide Gold gives, I don't know, must be a fair few years since they offered that card to new applicants now.