Useful Freebies with Nationwide Accounts - HotUKDeals
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Useful Freebies with Nationwide Accounts

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8y, 8m agoFound 8 years, 8 months ago
I have been reading a thread about grade A tvs with short guarantees.

Can I suggest two products from Nationwide which have some good added extra freebies.

If you have their Gold Credit card you get an addtional year's guarantee on electrical items which cost over £100 if you use the Nationwide card to pay for them. The cover includes accidental damage. No limit to the number of items which can be registered. ADDITIONALLY - and the actual reason I took out the card - is that there is NO CHARGE for using the card abroad - many banks charge 2.5% on each transaction. ADDITIONALLY - any holiday booked with the card qulaifies for free holiday insurance.

If you open a Flexaccount (current account), the debit card on this account makes no charges for using it in foreign hole in the wall machines. I shall put loads of dosh in the account just before going abroad to save taking cash with me. Many banks charge a transaction fee PLUS a minimum amount every time you take money out abroad - could amount to 4% each time. This has NO CHARGE at all.
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#1
that sounds really good will have to look into that beacause not matter how many travellers cheques I take I always end up using my card thanks for that
0% for 10 months too and only 2.5% bal transfer fee rep added
#2
I heard from people saying the exchange rate is ****.... but having not used it before, can't really comment on it... do you get good exchange rate? I believe they state the currency exchange is based on the rate at the time the purchase is made but still it doesn't tell you how good is the exchange rate.
#3
Had my Flexaccount for over 10 years & often go abroad for work. I rarely change money before hand as I know I get free cash withdrawals abroad (although the foreign bank might sometimes charge) and the exchange rate is usually pretty close to the wholesale bank rate, which is better than the tourist rate you would normally receive.

A flexaccount is pretty much the best and fairest when withdrawing money abroad!!
#4
siewmk
I heard from people saying the exchange rate is ****.... but having not used it before, can't really comment on it... do you get good exchange rate? I believe they state the currency exchange is based on the rate at the time the purchase is made but still it doesn't tell you how good is the exchange rate.


Exchange rate they give you is simply the best, i ALWAYS use my Nationwide CC when abroad its briliant.
#5
Hi

May i just add the purchase price of any electrical item purchased by credit card only has to be £50 or more, but as mentioned above don't forget to register it !

http://nationwide.co.uk/popup/warranty.htm
#6
Hi Siewmk
I have one and the exchange rate is always the bank rate which is better than tourist rate.
Its a top card for abroad well done to nationwide.
Didnt realise you got free insurance too though lol
PEter
#7
I have this already and it is great way to save some cash.
#8
When I went to NYC last year I used my Flexaccount debit card and got a wonderful rate of 1.96 to the pound compared to the standard rate of about 1.86 at the time which was wonderful - plus you have the added bonus of not being charged and safety of not carrying around cash. Same thing happened when I went to Stuttgart in Germany last year - I got a better euro rate. I can't fault Nationwide for their products. Have been with them for over 20 years and have no qualms. They are the only bank that offers free use of their debit card abroad and the rate is wonderful.
#9
I always use my Nationwide card abroad. I can't remember the last time I needed to exchange money or use travellers cheques. The rate is the best around - if i recall correctly the exhange rate they use is set by Visa. It also means you do not need to carry loads of cash around. I recently went to a destination notorious for pick-pockets so I simply would withdraw a little money each morning to keep me going for the day, say £50, and keep my card in the hotel safe. That way were I to become a victim all is not lost!

Simply can not fault them.
#10
Is there a way to find out what the exchange rate is before you use the card?
#11
dp1503
Is there a way to find out what the exchange rate is before you use the card?


http://corporate.visa.com/pd/consumer_services/consumer_ex_rates.jsp should give you a pretty accurate guide.
#12
Thanks. Will apply for an account.
#13
Does anyone know if you have a flexaccount but just a standard hole in the wall card ie not a debit card if the same applies?
#14
It is the BEST exchange rate you can get. Nice thread for people who dont know. Only bank to provide this service.
#15
Before people ask these are the differences between the Flexaccount debit and cashcard.

cashcard: take money out abroad without any charges
debit card: same as above AND you can buy things instore say Burger King in manhattan and you can pay it straight on the card.
#16
Yep I've saved hundreds of pounds paying for hotels in USA using the nationwide credit card. Amazing deal.
For withdrawing cash in USA using the flexaccount card be sure to use a Washington Mutual ATM (search google maps for the nearest) and you won't receive any charges at all, I think most other bank ATMs charge a fee. Be extra wary of the dodgy looking ATMs in petrol stations and casinos as they charge a few dollars - $5 in Las Vegas.
#17
I live in Spain and last year before we left I opened one of these accounts and it has been invaluable.
Whenever we need cash I just transfer it into the Nationwide and we take it from the local hole in the wall with no charge. Lat time I used it the rate was 81p to the € which is about right atm ..

The deal is heavily advertised on the TV though and has ben on here before.
#18
I've used by Nationwide debit card on holdays for years now and we always get a better exchange rate than any other method.
#19
I compared my Nationwide card with a mastercard and a visa credit card when in Australia a few years back.

For transactions on the same day, the Nationwide debit card did indeed work out at least 2.5% cheaper - I think they give you the interbank rate without the usual 2-3% hit that you get on credit cards or most other debit cards, or of course the 5-10% hit that you get when changing money or travelers cheques in advance.
#20
bobsootie
Had my Flexaccount for over 10 years & often go abroad for work. I rarely change money before hand as I know I get free cash withdrawals abroad (although the foreign bank might sometimes charge) and the exchange rate is usually pretty close to the wholesale bank rate, which is better than the tourist rate you would normally receive.

A flexaccount is pretty much the best and fairest when withdrawing money abroad!!


I too have had a Flexaccount for over 10 years and do like wise. I take normally take about £20 worth of local money for taxis and coffees at the airport then use the local hole in the wall. I can't say what like they exchange rate is but I know I've never felt like I was ripped off by them.
One other point is Nationwide is not a bank it is a members owned building society.
#21
Just a word of warning re. Nationwide. I've been with them for about 7 years now and a few months ago I went overdrawn for a matter of hours as a result of a standing order leaving my account and me forgetting to move the money to cover it from my eSavings (with them, instant transfer) until early hours of the following morning.

£20 charge slapped on which they would not back down on, even after several letters clearly pointing out that this was human error rather than willful borrowing, and hoping for a 'goodwill gesture'. From what others have told me, most banks give you at least one 'freebie', as it were...not Nationwide apparently. I agree it was my fault and have given up on it now, but just seemed a little harsh is all.

Anyway, back on topic, I have not closed the account (just emptied it) as it is definitely a fantastic tool to have at one's disposal when going abroad.
#22
I've got the Gold card (for expenses abroad), and I didn't know about the free insurance....nice one! I also get 1/2% back on all purchases....not egg card league (they turned me down!) but worth having.....
#23
Question:
Bought a TV 2 weeks ago and used my nationwide card for the insurance.
How do I "register" this purchase to activate the cover?

Miffinman:
Most banks at the moment and N/W are going through a High Court process to clarify this area. It is for this reason that they "didn't back down". O/D fees is a sticky issue at the moment.
#24
call either 08456000176 or 08452064466 and register ur product

more info on http://www.nationwide.co.uk/NR/rdonlyres/BB3D0456-E6CA-432F-A159-C114C8FE1507/0/P4553_Mar08_ExtWarr.pdf
#25
muffinman

£20 charge slapped on which they would not back down on, even after several letters clearly pointing out that this was human error rather than willful borrowing, and hoping for a 'goodwill gesture'. From what others have told me, most banks give you at least one 'freebie', as it were...not Nationwide apparently


Nor Egg, probably because they never make any money out of me otherwise.
I learned many years ago in my youth that's it's rather expensive going overdrawn on any type of bank account/card and have never done it since .. apart from once with Egg and they wouldn't back down either .. I was less that £1 over my limit.
#26
Yes, nationwide rates have always been top notch when abroad. I've never had a problem with them ever before
#27
marsgirl
Does anyone know if you have a flexaccount but just a standard hole in the wall card ie not a debit card if the same applies?


It does :thumbsup:

Have used it successfully all over the world - sometimes in some rather obscure places. As others have said, the exchange rate is often BETTER than elsewhere and is much more convenient than cash.

You are sometimes charged by the bank whose machine you are using, although the machine should say on it if this is the case... although not necessarily in English :p
#28
The exchange rate on both the Flexaccount Debit Card and Nationwide's credit cards is the best an individual can get at the time when your transaction reaches your account. Excellent!!

On the Flexaccount there is no transaction charge nor is there any currency exchange charge imposed by Nationwide. No charges - again excellent!!

For Nationwide credit cards there is no currency exchange charge and therefore no charge for using them to purchase goods or services! Excellent!!

If you use a Nationwide credit card to lift cash, there is a charge for withdrawing cash and interest is charged from the date of withdrawal. If you want to lift cash from an ATM abroad, get a Flexaccount.

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