Nationwide welcomes credit card praise
Nationwide Building Society has welcomed the news that it has been named as the best credit card provider in the UK at this year’s Card Awards.
With millions of consumers struggling with high levels of debt management, the building society has suggested that the transparency and the quality of the information it provides has played an important part in its commendation.
Additionally, Nationwide has claimed that its order of payments system is more favourable to consumers with debt management trouble than many of its rivals’ cards.
Jeremy Wood, Nationwide’s director of consumer finance, said: “We understand how difficult it can be for consumers to make the right card choice.
“This is why it is important that the information is presented to customers clearly to help them choose the card that best suits them.”
Moneysupermarket.com warned earlier this week that many credit card users are unknowingly spending extra cash on servicing their cheapest debt first because of their provider’s order of payments structure.
May 1st, 2008 at 7:59 pm
What an absolute joke. When faced with financial difficulty, (I owed just under £4000 on a loan) Nationwide left 201 missed calls in 24 hours. Did I mis-type that? No. You read correctly. 201.
I had approached them before I was unable to pay them to ask them if there was any way they could help me, but it fell on deaf ears. I was phoned at all hours of the day, and I couldn’t see any way out. And it is still on-going!
Nationwide are the worst building society for bullying.