Nationwide to give 5% cashback on supermarket spending

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Nationwide to give 5% cashback on supermarket spending

Post by expressman33 » Thu Feb 09 2023 6:14pm

Nationwide customers can earn 5% cashback on their supermarket shopping when shopping both online and instore.
The deal, capped at £10 a month, is available to both new and existing customers who have a current account with Nationwide. https://moneyweek.com/personal-finance/ ... dium=email

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Re: Nationwide to give 5% cashback on supermarket spending

Post by MrsXfile » Thu Feb 09 2023 8:08pm

This is good news. Thanks for posting

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Re: Nationwide to give 5% cashback on supermarket spending

Post by rayf » Thu Feb 09 2023 9:21pm

do we have to do anything to initiate this? Does this apply to debit card usage?
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Re: Nationwide to give 5% cashback on supermarket spending

Post by Sarah » Fri Feb 10 2023 7:32am

Yes, debit cards only. I don't see any mention of activating or opting-in to this offer. It does say "automatically qualify" in this term:
You automatically qualify for 5% cashback on all Qualifying Spend made from your current account (excluding FlexOne), up to £10 per month.
T&Cs
https://www.nationwide.co.uk/current-ac ... ack-terms/
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Re: Nationwide to give 5% cashback on supermarket spending

Post by blythburgh » Fri Feb 10 2023 8:50am

Thanks but I am sad to see Premier stores are not included. But I need a shop I can walk to for top up stuff so will still be using our debit card there more than once a week. Nice owners, nice part time staff and so handy for us so on the basis of use it or lose it I will be using it. And our main shop is done using a Natwest card sigh
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Re: Nationwide to give 5% cashback on supermarket spending

Post by planteria » Fri Feb 10 2023 9:48am

so up to £200spend/month on a Nationwide debit card.. haven't spent on my FlexAccount card for years. we do need to spend at least £60/m or won't qualify, and it is only for February, March and April. with Clubcard vouchers and Love2Shop vouchers knocking around, and points to collect via Amex.. not sure it's worth it for me, but it's good to see them doing this.
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Re: Nationwide to give 5% cashback on supermarket spending

Post by Sarah » Fri Feb 10 2023 11:49am

planteria wrote:
Fri Feb 10 2023 9:48am
we do need to spend at least £60/m or won't qualify
Does it say that? I can't see where.
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Re: Nationwide to give 5% cashback on supermarket spending

Post by planteria » Sat Feb 11 2023 7:27pm

not directly, but minimum monthly payout £3, so need to spend £60 or bag nothing as i read it..
"The cashback is paid into your account within six weeks of the end of the calendar month when you reach a minimum £3." admittedly within the MoneyWeek article rather than via the Nationwide link.

despite my previous comment i'm into this already. i'm assuming/hoping that local Co-op spend qualifies, along with Aldi, Sainsbury's and Tesco as givens.
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Re: Nationwide to give 5% cashback on supermarket spending

Post by Sarah » Sat Feb 11 2023 11:40pm

Thanks for the info; yeah, that's not in the published T&Cs. If it's a real condition, it might still be possible to accumulate cashback over multiple months without losing it, even if you only reach the payout threshold in the final month. I think that would be closer to how most similar cashbacks usually operate.
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Re: Nationwide to give 5% cashback on supermarket spending

Post by planteria » Sun Feb 12 2023 10:34am

i wonder where MoneyWeek had that from. i may be wrong, but their reference indicates a minimum of £3/m to me.
is there any way to see if purchases are qualifying as we go? not as far as i can see.
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