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Nationwide wins 'most responsible credit card company'
14 February 2008
Nationwide Building Society was honoured at an awards ceremony for credit card providers last month.
The Card Awards presented the building society with the gong for Most Responsible Credit Card Lending Practices.
According to the financial provider it was given the prize for the transparency and clarity of credit card information and for providing fee-free card use abroad.
Another reason behind the award was its refusal to use the negative payment hierarchy employed by various credit card firms which sees users pay off the lowest-interest credit first.
The building society has also been a campaigner for clearer bills and a summary box in the marketing literature for credit 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.
"We have long since championed responsible lending across all of our products and we are especially proud to have been recognised for our efforts in the credit card market. This, we believe, is another example of Nationwide's policies towards fairness and clarity bringing benefit to our customers." 
