Nationwide Building Society

Nationwide Building Society is the one of the top five mortgage lenders in the UK and is also among the top five savings provider. They also have the distinction of being the top building society globally. They offer a wide range of high value mortgages, financial products and savings and at the same time charge a nominal amount for their everyday services.

Today, their estimated mutual benefit division stands at an annual turnover of £4.5 billion. They are one of the oldest companies in UK and started 150 years back. The foundation of the Nationwide Building Society has been laid on the cornerstone of serving the interest of all their members. They are also hailed as a company that has designed a six year investment program for £300 million to make important facilities and services available to all their members.

Nationwide Building Society offers credit cards as an important financial instrument. Their most popular card is the Gold card.

Gold card offerings

There is a 0% APR if you do a balance transfers within 10 months from the issue date.
They will charge no interest or 0% interest if you make a purchase within the first 3 months
If you make a transfer within the initial 3 months then you will be charged a 2.5% transfer fee.
You can avail free purchases outside UK without paying any commissions
You will be able to take advantage of their 56-days credit period where you will be charged no interest
On certain selected goods, you will get a free 12 month warranty
They have a tie up with Nationwide Fraud Watch so you can enjoy your shopping
The normal APR rate is 15.9%

If you are over the age of 25 then the Gold card is suitable for you. You need to show an annual income of £25,000 and you should have an excellent credit record.

The Gold card comes with the Payment Protection Insurance or PPI. There are times when you will not be able to make a monthly payment due to illness or an accident. In such a time, Nationwide Building Society will pay 10% of the outstanding amount on your bill for a period of 12 months. This protection will cost you 75p for every £100 outstanding on the bill on your Nationwide Gold credit card.

You can also pay £12 every year to protect any or all your nationwide credit cards. The protection will be valid against loss of the card and theft. The cover will ensure that you are able to cancel any credit cards that you may have and even debit cards immediately. All you have to do is make a phone call. This protection plan is available for £29 and has a three year protection period.

Another great credit card from nationwide is their Classic Card.

Classic Card Features

You will get a maximum of 56-days of credit period where you don’t have to pay any interest
You will get a free theft or damage cover
There is a free extended warranty of 12 months on selected goods
The normal APR on the card is 17.9%