Nationwide credit card call
www.moneynews.co.uk > Credit cards > Nationwide credit card call
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Money News |
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Nationwide credit card call
Wed 10th Oct 2007
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A study by the building society found that 69 per cent of cardholders are unsure about the order in which they make repayments on their account.
Despite this, 66 per cent believe that a credit card provider should arrange for the most expensive debt to repaid first.
Nationwide claims to be the only provider to have such a policy in place.
"Many credit card providers use low introductory rates to lure people into opening an account," said Jeremy Wood, divisional director at Nationwide.
"These offers can look very appealing, but when you scratch beneath the surface you discover that credit card holders often don't receive the full benefit of these low rates."
Nationwide recently announced a new range of fixed-rate bonds to mark the building society's merger with Portman.
Related News : Credit cards |
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Related News : Nationwide |
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