MBNA / Virgin

[Deleted User]

Two questions:

The terms on virgin and mbna look identical - are they the same ? Most posts seem to talk about virgin rather than mbna - wondered if the virgin version had any advantages.

When applying online, do you get approved there and then or have to wait? My approval to egg was immediate and think that's a lot better than waiting "while we consider your application"!!

YorkshireBoy

anactuary wrote:

The terms on virgin and mbna look identical - are they the same ? Most posts seem to talk about virgin rather than mbna - wondered if the virgin version had any advantages.

The Virgin card has one distinct advantage over the other (mainstream) MBNA stable cards. It's in the definitions and is particularly beneficial to stoozers.;)

[Deleted User]

YorkshireBoy wrote:

The Virgin card has one distinct advantage over the other (mainstream) MBNA stable cards. It's in the definitions and is particularly beneficial to stoozers.;)

Hmmm.
Virgin
balance transfer – a payment you ask us to make to another organisation which pays off or reduces the amount that you owe them.
MBNA
balance transfer – a payment you ask us to make from your account to another financial organisation which is not a money transfer and which pays off or reduces the amount that is owed to them.

If this is the right bit, does that mean virgin does SBTs and MBNA doesn't?

YorkshireBoy

anactuary wrote:

If this is the right bit, does that mean virgin does SBTs and MBNA doesn't?

The 'money transfer' definition has not yet filtered through to the Virgin card's T&C's, meaning 'direct' SBT's are still 'technically' possible with Virgin - whereas you'd have to use a cheque to carry out your SBT with the others.

It's been like this since last Autumn (if memory serves), although I suspect it'll only be a matter of time before they all standardise on one set of 'MBNA' T&C's.