Originally Posted by
Roger
Nationwide announced this almost three weeks ago, though they haven't bothered to tell me yet.
Last week, they were still promoting the FlexAccount with leaflets in branches containing the weasel words No foreign use surcharge (or similar). I mentioned this to the branch person whose reaction was that the changes don't take effect for 2 1/2 months.
(So Nationwide are looking for new current accounts for just 2 1/2 months?
I don't think so.)
There has been considerable press coverage, and indeed discussion in FT - in another thread, possibly the AmEx & BA thread?
About the Nationwide Visa credit card, the 0% loading mentioned by
MAN Pax is true only in the Visa Europe area. Outside Europe there is 1% loading.
Just awaiting delivery of my Halifax Clarity card. ATM cash abroad effectively costs about 1% if balances are paid off in full.
Indeed, Nationwide is now 1% outside Europe. If you get the Clarity Card you need to decide if you'll use it for cash or credit, otherwise you'll start paying interest on your credit items when you get a cash advance. Also - watch the interest rate changes in the long term.
Apologies - I did search, but didn't think to look in a thread relating to AMEX an BA.......