Nationwide re-launches 0% purchase credit card

Nationwide re-launches 0% purchase credit card

Nationwide has re-launched its Select Visa credit card which offers 0%-on-purchases for 18 months – the longest period currently available on the market for a 0% deal.

Cardholders also benefit from commission-free purchases while they are abroad and 0.5% cashback.

Balance transfers are eligible for the 0% interest deal, but for 17 months rather than 18 and there is a 2.95% balance transfer fee.

At the end of the offer period the card reverts to 12.9% APR and it
is only available to customers who use Nationwide’s FlexAccount as their main current account.

To qualify for a FlexAccount, customers must pay in £750 or more each month, not including internal transfers.

Nationwide has also launched a new mortgage product to help first-time buyers who only have limited funds available for a deposit.

The two-year fixed-rate 90% loan-to-value deal is available at an interest rate of 5.29%, with a £900 fee.

House purchasers who can make a 40% deposit will benefit from an interest rate as low as 2.99%.

The building society’s new products offer a breath of fresh air to consumers whose satisfaction is at an all time low according to recent research.’s survey of over 10,000 credit card customers found there was an overall drop in satisfaction with providers, but especially with traditional banks.

The Customer Satisfaction Report names Marks and Spencer as top for overall satisfaction followed by the Co-op bank, American Express, Tesco and Sainsbury’s, in that order.

Vanquis and Bank of Scotland came bottom for overall satisfaction with Barclaycard, HSBC, Halifax, Lloyds TSB and Santander just above them.

Michael Ossei, personal finance expert at, said: “with overall satisfaction and customer service getting worse across the board, and the high street banks still providing some of the worst service, consumers should look around further afield at new providers for the best credit card for them.”

Tags: , Customer Satisfaction, , Select Visa,

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