Alert issued to anyone with a Nationwide credit card

Regarding the increase, Dariusz Karpowicz, director at Albion Financial Advice, commented: "The timing couldn't be worse for Nationwide customers facing credit card interest rate increases of up to 50%. With inflation still pinching pockets and energy prices climbing, this April 2025 change adds another financial hurdle for those already juggling debt.

"If you've received a notice letter, remember you have options. Those in financial difficulty will be exempt, and you can opt out of the increase - though your card will be frozen for new purchases."

He continued: "For others, this might be the perfect moment to consider balance transfer offers, consolidation loans with lower rates, or creating a payment plan to clear balances before the new rates kick in."