We'll be making some changes to the Member Credit Card terms and conditions on 1 December 2020.

It’s important you read about these before applying for your credit card.

Changes to Member Credit Card terms and conditions

Member Credit Card Summary Box

This table shows interest rates and charges on our Member Credit Card.

It summarises key features and is not intended to replace any terms and conditions.

APR Representative 

19.9% APR

 
(variable).

Rates from 19.9% to 24.9% APR apply depending on individual circumstances.
Interest rates Introductory rates
Monthly rate Annual rate
from to from  to
Purchases 0% p.a. for 3 months on purchases* with Balance Transfer offer 1.527% 1.873% 19.9% 24.9% 
0% p.a. for 15 months on purchases* with All Rounder offer 1.527% 1.873% 19.9% 24.9%
Cash withdrawals n/a 1.527% 1.873% 19.9% 24.9%
Balance transfer Offer 0% interest for 18 months on balance transfers** with Balance Transfer offer 1.527% 1.873% 19.9% 24.9%
0% interest for 15 months on balance transfers** with All Rounder offer 1.527% 1.873% 19.9% 24.9%
Balance transfer fee 1.5% fee (minimum £5) if made within 90 days of account opening. Transfers made after that date will be subject to a 2.4% fee (minimum £5)

*Introductory purchase rates apply from the date the account is opened.
**Balance transfers at 0% with a 1.5% fee (minimum £5) must be made within 90 days of account opening. Transfers made after that will be subject to a 2.4% fee (minimum £5) and your standard interest rate.

Interest-free period

  • Maximum 56 days for purchases if you pay the total of all non-promotional balances on your statement in full and by the due date
  • No interest-free period on balance transfers or cash withdrawals. Interest on balance transfers and cash withdrawals will be charged at the rates shown above.
Interest charging information From Until
Purchases date transaction applied to your account
statement balance, excluding any promotional balance transfers, paid in full
Cash withdrawals  date transaction applied to your account statement balance total paid in full
Balance transfers date transaction applied to your account statement balance total paid in full

The transaction date is the date the amount appears on your account.
We work out interest on the average daily balance during each statement period. You will not pay interest on new purchases if you pay your statement balance, excluding any promotional balance transfers, in full and on time. Otherwise, the period over which interest is charged is as above.

Allocation of payments We allocate payments to balances which show on your current statement in a high to low interest rate order, then, to balances in a high to low interest rate order which do not yet appear on your statement. For further details, please refer to your credit card terms and conditions.
Minimum payments
  • Any default charges and interest due on your statement plus 1% of the remaining statement balance, or £25, whichever is the greater.
  • Balances of less than £25 must be paid in full.

If you only make the minimum payment each month, it will take you longer and cost you more in interest to repay your debt.

Credit limit

Minimum credit limit

£500
Maximum credit limit Subject to status
Fees No annual fee
Charges Cash fee 2.5% (minimum £3) of the amount withdrawn on each cash advance.
Balance transfer fee 2.4% (minimum £5) of the amount of each balance transfer.
Copies of statements No charge
Card replacement No charge
Foreign usage Visa Exchange Rate Rates can be found at Visa Europe exchange rate
Cash Fee 2.5% (minimum £3) of the amount withdrawn on each cash advance
Default charges Late payment fee £12
Over limit fee £0

Read the full Member Credit Card terms and conditions and compare the costs of using your credit card abroad.

Please note, we'll be making some changes to the Member Credit Card terms and conditions on 1 December 2020. It’s important you read about these before applying for your credit card.

Changes to Member Credit Card terms and conditions

Your borrowing choices

It’s a good idea to consider different types of borrowing. The best option for you depends on the amount you want to borrow, and how long for. We’ll need to check before we can offer you a loan, overdraft, or credit card. It will depend on our view of your circumstances.

A loan

We can give you a personalised quote and tell you whether you're likely to be accepted before you are credit scored.

Nationwide personal loans

An overdraft

You can apply for an overdraft (or an extension to your existing overdraft) with any of our popular current accounts.

Nationwide overdraft calculator

Other ways to borrow

If you're not sure what type of borrowing might suit you best, try our guide to the different types of borrowing.

Different types of borrowing

Ready to apply?

Available just for members

Nationwide adheres to The Standards of Lending Practice which are monitored and enforced by the Lending Standards Board (LSB)  (This link will open in a new window)