Only 1 MBNA Card?

WallyMan

Hi all

Been absent from the forums for a while and just read something that seemed to contradict what I thought re: MBNA cards.

Can someone please confirm whether you can only hold one MBNA managed card at a time. I currently have Virgin and would happily apply for another MBNA managed card if possible but I thought MBNA did not allow this?

Thanks

Chadsman

My reading of recent posts on here suggests MBNA and their affiliates will no longer issue another account for existing customers

smartsaver

I have an MBNA and an Abbey card both at 0% and both just about to run out

bbruce

I have 3 actual MBNA cards plus A&L and Abbey administered by them.
Only use them for stoozing and that's not so special these days.

bbruce

One I applied for because they invited me and offered a free discman.
They only phoned me up & asked why I wanted another card. My answer "because you invited me and offered a free discman" was met with surprise but they sent the card and gift. I don't think I've used it since!
A useful tip: You can juggle your credit limits between all your cards they administer. The higher the limit the lower the rate and longer the term they can offer (apart from the introductory offer) when you've paid up & stop using your card for a while. They offered me 3.9% for 6 months on £7,000, 1.9% for 6 months on £1,500, but 0% for 9 months on over £20,000. So I moved the bulk of my limit to the card with the offer (just left £300 each on the others) and said "OK, I'll take £22,000 please" and they paid it straight into my bank no probs. Naturally, you've got to watch it closely when the period is about to end and make sure you can settle up (monthly interest would have gone from £0 to over £300)- I did it with Martin's Tart Alert and used other cards' offers (1.9% not 0% unfortunately) to pay them off. It's like having a permanent free or very cheap loan if you've got the time and willpower! LOL!

ffym

I also have more than one "MBNA" card. Most of the time you have to study the small print to see who the issuer is! I've not come across any rule that says you can only have one. The only thing they stipulate is that you can't pay off a MBNA balance with an introductory offer from another "MBNA" card, but even then it's possible to do it using "Super Balance transfer".

cougar_3

I have one MBNA card, applied for another and was turned down because I already have one.

So, OP, one only.

Dan29

I have MBNA, A&L and Virgin. When I applied for the Virgin one, MBNA said they wouldn't give me a greater overall credit limit but would shift some of my limit from the MBNA card to the new Virgin one.

WallyMan

Still have my Virgin card although have just paid off the balance as the 9 months has expired. Applied for an Abbey card today (MBNA by any other name) and will see what happens

dc

I have Abbey A&L and Mbna.

I think it would be difficult for MBNA to object to giving you a card if you had an account with the "banks " that pay MBNA to administer their cards. Especially using an application form supplied by the bank.

I know there is no love lost between A&L and MBNA. In fact up to last Feb, A&L would transfer your debt when 0% finished to an overdraft. Tell you to cancel the card and offer you another 0% card to continue for a second 9 months. Sadly this has been stopped.

WallyMan

My experience seems to tally with what a number of you have said previously. Having repaid my £16k Virgin card I was happily able to open an Abbey Card but I was informed that they would shift £10k of my limit from Virgin to Abbey. I rang up Abbey and told them could they move the remaining £6k from Virgin to Abbey which they happily agreed, in the process closing the empty Virgin account.

So perhaps this means you can keep taking out a new MBNA card every 9,months, shifting the credit limit along the way. I just love the £5 a month minimum monthly payments