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Nationwide's Simply Rewards scheme to close

Nationwide's Simply Rewards scheme to close

Nationwide's Simply Rewards scheme – which offers its debit and credit card-holders cashback rewards when they use their cards at selected retailers – will close from Monday 1 April.

Customers already signed up to Simply Rewards can continue to use the scheme and collect cashback until then. If you're not already registered, you won't be able to sign up and haven't been able to since earlier this month.

Any cashback built up before Monday 1 April won't disappear – you'll still be able to spend it after the scheme closes.

What is the Simply Rewards scheme?

The Simply Rewards scheme was set up in 2011 and revamped four years later. 

It offers registered Nationwide Visa credit or debit card-holders cashback rewards when they use their cards at certain bars, restaurants, shops and websites.

When Nationwide customers spend money on their card at selected retailers the cashback goes straight into their account within five working days.

And if you're registered, you also get extra cashback offers based on where you spend, similar to some American Express cards and other cashback schemes.

The offers vary all the time, but previous ones have included 20% off at Savile Row, 10% off any purchase at Argos and 2% back on purchases at Toby Carvery.

Where else can I get cashback?

There are other credit and debit card providers that offer cashback schemes, but check how they compare to your existing accounts – don't assume that just because they offer cashback they are the best for you. 

See our Cashback Credit Cards and Best Bank Accounts guides for more information. 

You can also earn via cashback sites, without signing up for a new bank account or credit card. See Top Cashback Sites for more information. 

What does Nationwide say?

A Nationwide spokesperson said: "A review of the scheme concluded that considering the ongoing investment of time and resource required it was not sufficiently meeting the wider needs of all our members."