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Changes to card laws demanded by provider
The UK government should make positive order of payments for credit card debts mandatory, according to Nationwide.
New analysis from the building society suggests that customers could save £213 a year in interest payments under the new laws.
At the moment, most UK card providers pay off low-interest balances before those on higher rates when they are given money by cardholders to help repay their debts.
Examples of these high-interest balances include those for cash transfers and purchases.
Jeremy Wood, Nationwide's consumer finance director, said: "Consumers can ill-afford to lose this much money, especially in the current financial climate.
"We feel it is time for the government to intervene and introduce regulation to benefit those affected."
Positive order of payments for cards is already compulsory for card firms in the US.
One method of alleviating significant credit card debt pressures is for the customer to take out a debt consolidation loan.