Do Nationwide do SBT?

avi_3

Hi - I remember reading that nationwide do SBT? Is this True cos i ca'nt see anything about it on thier website.

daveboy

Pick up a phone, use the buttons to dial a number (which must be on the website somewhere), and ask someone.

Or, maybe your parents didn't teach you how to do something for yourself.

The threads get worse and worse. This is another spoon feeding job and I just know someone will open the baby food very soon.

Milarky

The answer to the OP is 'no' Nationwide don't do SBTs - so the fact that they thought they read that somewhere here that Nationwide did means they wouldn't be able to find here it again, doesn't it?

avi,

You may have read elsewhere that Nationwide credit card did IFP balance transfers - meaning they allowed balance transfers [but only to other credit cards] on which they did not initially charge any interest provided the next statement balance was clear in full by the due date. In other words, balance transfers were treated just like normal purchases and enjoyed an 'interest-free period' - which was unusual. This 'loophole' has now been closed by Nationwide and ALL balance transfers [other than those during promotional rate periods] now attract interest from day one.

Another [currently unique] feature of NW credit card is that balance transfer amounts can be for as little as £1 - and no fee. Thus, although it can't be used to take advantage of interest free periods any longer, this card can still be used for making [let's call it] 'micro payments' to other cards. For instance suppose you can do 0% BTs from another credit card, but only for amounts greater than £100 [which is common]. If you wanted to pay amounts of £76, say, to one credit card and £56 to another you could then use the NW to receive a BT [of, in this case, £132] from the 0% card and then split this into two amounts each of less than £100. Because you would have credited the NW before making a BT request there should be no interest to pay this way....