Nationwide Credit/Debit Cards

[SeanT]

<blockquote id="quote" class="ffs">quote:Originally posted by dawn burley
<blockquote id="quote" class="ffs">quote:Originally posted by chris c
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
Disappointing as I don't recall them letting their customers know about this change.

I'm off to the Post Office this morning.
[/quote]

Does the Post Office give as good an exchange rate as Nationwide though?
[/quote]

Yes it does[msnsmile]. I have been using it for a year and the exchange rates have been the same.

Dawn
[/quote]

I've been monitoring the the Post Office, M & S and The Cheque Centre for the last 6 months and the Cheque Centre has always given the best rate for the dollar [clap]

[Katys Grandad]

<blockquote id="quote" class="ffs">quote:Originally posted by SeanT
<blockquote id="quote" class="ffs">quote:Originally posted by dawn burley
<blockquote id="quote" class="ffs">quote:Originally posted by chris c
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
Disappointing as I don't recall them letting their customers know about this change.

I'm off to the Post Office this morning.
[/quote]

Does the Post Office give as good an exchange rate as Nationwide though?
[/quote]

Yes it does[msnsmile]. I have been using it for a year and the exchange rates have been the same.

Dawn
[/quote]

I've been monitoring the the Post Office, M & S and The Cheque Centre for the last 6 months and the Cheque Centre has always given the best rate for the dollar [clap]
[/quote]

Are they rates for cash and TC's or the rate you pay on purchases and from ATM's? (which is where the Nationwide debit card has had the advantage).

[SeanT]

<blockquote id="quote" class="ffs">quote:
Are they rates for cash and TC's or the rate you pay on purchases and from ATM's? (which is where the Nationwide debit card has had the advantage).
[/quote]

Nationwide has the advantage getting cash from ATMs in Florida I'd guess. I was just talking about getting dollars from stirling before you go over, also I believe they deal in cash only, no credit cards or cheques.

[Tonish]

<blockquote id="quote" class="ffs">quote:steph_goodrum





United Kingdom
7316 Posts
Joined: 12 Feb 2002
Status: offline
Posted - 27 Feb 2009 : 08:05:30
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it's not 0.16 Stephen, it will be 1% because currently none of the charge is passed on. After having had such a large tv campaign with Mark Benson last year explaining the "tip" and getting new customers it does seem a bit deceptive to then introduce the charge almost immediately if you've only opened the account because of it.

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Babblin Boo
http://www.orlandovillas.com/villas/92.aspx


[/quote]

Surely that's the problem? Nationwide offered this as a benefit to their customers and to distinguish their account from competitors, but found that too many were opening and using their account solely for that purpose. Nationwide therefore ended up with much increased charges and in effect having their "generosity" to customers abused.

Quite likely their own fault for shouting loudly about this particular benefit, but annoying to us customers. Lesson seems to be, if you're on to a good thing, keep your mouth shut!

[sparkymarky]

I won't be worrying about this as 1% isn't huge and alot cheaper than my Royal Bank of Scotland credit card which on top of 2.5% also charges a flat £1.25 fee too. The states is the only country where they charge which i am going to go to as the others are still free so will just take travellers cheques again.

[Ruth]

Thanks for the heads up on this. I will be applying for a Post Office card[8D]

[Katys Grandad]

<blockquote id="quote" class="ffs">quote:Originally posted by sparkymarky
I won't be worrying about this as 1% isn't huge...
[/quote]

Fair point - the exchange rate has been moving up or down more than 1% more or less every day for some time now. Just today it's fallen over twice that so the rate is really much more crucial than the card charges.

I'd still rather they hadn't taken this action though.

[Solana]

We've had this card for some time, largely due to the forum I guess but when/where do they tell you about these changes?
Just cancelled the Post Office one too!!

[Clare R]

As a Nationwide customer I do not believe they have told their customers. I only learnt this 'news' today from this very link.

[Jill]

We had a Nationwide credit card statement last week and there was certainly no mention of it either as a flyer or letter so my guess is they are keeping quiet and hope people do not notice[msnmad]