Lenders woo customers with credit card offers

January 13th, 2012 | by Maddison Paltridge |

Nationwide strives to retain current account customers with exclusive deals.

12:16PM GMT 13 Jan 2012

It’s not just the small building societies that are fighting to keep their customers on board, as we reported last week.

But rather than offering cash incentives to switch, or interest on credit balances, Nationwide is offering its current account customers unique products.

This week, the society has opened up its market-leading low-rate credit card to new customers – but only if they already use its FlexAccount as their main current account.

The card has lengthy interest-free periods for both balance transfers and purchases, and a fee-free policy for purchases made abroad, but you must pay at least £750 a month into the FlexAccount.

Nationwide opens up

The Nationwide Select credit card is now available to new customers – as long as you hold the FlexAccount.

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