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MBNA Balance transfer fee going to 5%

Just had a new letter off mbna stating cheques, cash and money/balance transfers will now have a 5% fee attatched from the 1st april, no maximum charge too!

Oh and min payment will be the balance if below £25 or minimum £25 otherwise.

Typical mbna hey! Given up on putting everyones interest up so they hike everything else!

Comments

  • bigstevex
    bigstevex Posts: 919 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    MBNA platinum plus card by the way, i forgot to say!
  • Numenor
    Numenor Posts: 104 Forumite
    Part of the Furniture Combo Breaker
    They increased my minimum repayment to £25 ages ago. I thought it was across the board. Mine was a standard Mastercard.

    They have just unexpectedly increased my credit limit though!
  • clio
    clio Posts: 3,345 Forumite
    will virgin follow suit with the 5% ??
  • nedian21
    nedian21 Posts: 13 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    MBNA shittest cust service. Avoid
  • Degenerate
    Degenerate Posts: 2,166 Forumite
    Seems this varies by customer. My Platinum Plus Rewards visa card BT fee is going up on the same date, but only to 4%. Also getting the £25 minimum payment. OTOH, my standard APR is currently 17.9% rather than the 15.9% some have.
  • bigstevex
    bigstevex Posts: 919 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    my apr is still 8.9% after several attempts by them to raise it, but i have the 5% balance transfer fee from april!
This discussion has been closed.
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