Independent UK Credit Card Comparisons | Today is Wednesday, October 22nd, 2014
 

"Nationwide voted most responsible credit card provider"

By admin | March 28th, 2009 | Credit Cards

In a recent poll the Nationwide Building Society has been voted the most responsible credit card lender, and this was announced at the recent annual Card Awards.

At the awards the building society enjoyed being honoured as having the “Most Responsible Credit Card Lending Practices”. Nationwide is the biggest building society in the UK, and has now received this honour for the second year in a row.

The building society received praise for the quality and clarity of the information that it provided on its credit cards for consumers, and also for its ‘Trust Us, Trust You’ campaign.

It received additional praise for its transparency with its credit cards. The Trust campaign was launched last year, and the aim of it was to promote mutual responsibility between the lender and the consumer when it came to lending and borrowing.

A spokesperson for the Nationwide Building Society stated: “To win this award for the second year running is a fantastic achievement for the society … it has never been more important for card providers to demonstrate responsible lending practices and we believe our ‘Trust Us, Trust You’ initiative clearly sets out our commitment.”

Another area in which the Nationwide Building Society was praised was the way in which it dealt with consumers that were suffering financial and repayment problems and the action that it took with regards to such issues.

The positive order of repayments was one of the areas to receive praise, and this is where the way in which repayments are allocated to the credit card debt can save consumers money on interest, unlike many other card providers who allocate repayments in such a way that they consumer will end up paying more.

Tags: ,

Related Articles:

  • Nationwide wants UK to follow US with credit card regulations

    Leading UK building society, Nationwide, has recently said that the UK needs to follow in the footsteps of the United States when it comes to credit card regulations relating to the allocation of repayments. The building society said that the UK needed to bring in regulations that would change the way in which credit card...

  • Nationwide to charge for using credit and debit card overseas

    According to a recent report Nationwide is to start charging consumers who use its credit cards and debit cards overseas, and this results from a change of policy that will see customers that use their plastic overseas being hit with a charge from the building society. The changes will come into effect from the first...

  • Nationwide offers improvements on credit card warranty cover

    The Nationwide Building Society has announced that that it is making some changes to its warranties on its credit card, stating that many consumers could benefit from the changes that have been made, as they will receive greater protection on their purchases. The building society is offering extended warranties on a number of different product...

  • Credit and store card crackdown welcomed by Nationwide

    A major High Street lender has said that it welcomes the recent crackdown on credit and store cards, following recent proposals that were put forward by the government. The proposals by the government have been met with mixed reactions in some parts, and were put forward to the Department for Business Innovation and Skills. The...

  • Credit card companies hike up various rates

    A recent report has shown that many credit card companies have hiked up a variety of different rates and fees in order to try and make more money from consumers. Over the past month credit card companies have introduced over thirty different fee and rate hikes, which could end up costing consumers millions of pounds...

Post A Comment:

Virgin Credit Card image

MBNA Platinum Credit Card

Other Recent Articles

What You Need to Know About Payday Loans

It’s highly likely that one day, you’ll be faced with an emergency situation that requires fast cash to remedy. This...

By admin | October 29, 2013 | Read More

How to Use a Credit Card to Restore Your Credit Rating

An increasing number of people have realised the importance of their credit history and credit score over the past few...

By admin | July 9, 2013 | Read More

How Can a Student Bank Account Help You Avoid Debt?

Being a student right now isn’t very easy, given the tuition fee rise and the general malaise that comes...

By admin | May 10, 2013 | Read More

Play safe – have fun for free in exchange for providing your credit card details

When you register online to use any reputable gaming site, the chances are that you will need...

By admin | April 5, 2013 | Read More

Credit Card Rules Everyone Should Follow

Credit cards play a big part in many people’s everyday lives and used well and responsibly, they can be useful...

By admin | November 17, 2012 | Read More