Nationwide Bank, the banking subsidiary of the famous Nationwide insurance company, that is not a standout but could be the right choice for certain consumers. Our overview / review of the card is below:
The Nationwide Bank Visa is sort of a combination credit card — it offers a fairly standard rewards program but potentially has a better interest rate than most other rewards cards.
- 1% cash back on all purchases made with the card.
- An interest rate as low as 11.24% if you have good credit, but the rate could be as high as 21.24% if your credit is not so good.
- A 0% introductory rate for 6 months on purchases and on any balances you transfer from other credit cards.
- A 0% rate on auto repairs for 12 months.
The 0% rate on auto repairs is unlike any perk we’ve seen with any other credit card, but it’s unlikely that it’s a huge motivation to get this card.
As far as the other features, a card with 1% cash back that still has an interest rate as low as 11.24% is nice if you want rewards but don’t like the higher rates that most reward credit cards come with. However, not everyone gets that 11.24% rate, so the appeal of this card goes down instantly if you are approved at a higher rate.
Overall, we’re not really a fan of a compromise card like this. Instead, we’d suggest that you be honest with yourself about what type of credit card user you are. If you tend to carry a balance on your cards, check out our Low Interest Credit Cards page for better options. If you never carry a balance, go for bigger rewards — see our Cash Back Credit Cards and/or Rewards Credit Cards sections.