MBNA launches new 20-month zero per cent balance transfer deal

MBNA today launches a new balance transfer credit card offering zero per cent interest for 20 months for new customers.

Related topics:  Specialist Lending
Millie Dyson
23rd April 2012
Specialist Lending cash coins increase grow money growth
The MBNA credit card offers zero per cent interest on balance transfers and money transfers for 20 months from the date the account is opened.

To qualify for the 20-month offer, balance transfers and money transfers will need to made within the first 60 days of opening the account (a 2.99 per cent handling fee applies to balance transfers, and a 4.00 per cent fee applies to money transfers).

The card also offers zero per cent on purchases for three months from the date the account is opened.

The MBNA Credit Card has a representative rate of 16.9% APR variable.

Michael Donald, Business Development and Commercial executive for MBNA, said:

"We are committed to delivering a range of competitive new products for UK consumers. This new 20-month offer demonstrates that, and we hope people consider MBNA credit cards when they are deciding on a credit card to suit their needs.

"We continue to offer money transfers for new customers on promotional rates, which enable them to transfer some of their credit limit, for a fee, into their current personal accounts in order to assist with paying some, or all, of any other higher interest-bearing debts they may have."
More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.