moneysupermarket.com - Nationwide Gold Credit Card

Commenting on the launch of the new Nationwide Gold Credit Card, Kevin Mountford, head of banking at moneysupermarket.com, said: "The balance transfer market is really hotting up with a number of providers introducing competitive deals, despite some predictions saying BT offers would begin to disappear as a result of regulatory changes in the market. The Nationwide Gold Card offering 15 months at zero per cent on balance transfers is a good offer, and is up there with the best deals on the market, with only Yorkshire and Clydesdale able to top it. However, what gives Nationwide's product the edge is its positive payment hierarchy. This means that once your three months of zero per cent on purchases is over, your repayments will be automatically allocated to the most expensive debt, a big bonus for people who intend to use the card for the odd purchase as well as transferring a balance. In addition this, the card is also perfect for using abroad as it is commission free on foreign purchases and cash withdrawals within Europe, unlike many other cards on the market.

"As ever consumers need to think about how they will use their card, this product suits those who are looking to transfer a balance and pay it off over an extended period of time, but who also might turn to their card for the occasional purchase."