Any existing MBNA customers been offered 0% BT recently

Typhoon2000

I have 3 MBNA Cards which I have had for nearly 12 years now. Gradually they have been reining my credit limits which are now £15,000, £12,400 and, £9600. All 3 card were about 16.9% APR but have jumped to 34.9% over the last few months. The last one to increase had some balance on it so I tooked the offered option to freeze the APR when my current 0% deal ends in May till the balance of about £8800 is paid off, and then close the account. I really have made use of their 0% deals over the years and paid off the balance when the deal ends without incuring any interest. So I will be down to 2 MBNA cards soon when 1 is cancelled.

In the current climate and seeing as they have bumped up my interest rates for no reason, are they likely to be overing anymore 0% 9 or 12 month BT anymore? If not I rather shut my remaing 2 account and open some new ones. I do have 3 other crdit cards with more normal APR so I dont think I will be able to apply for any more without shutting the MBNA ones down as I only earn arounf £39000, and my current available credit on my credit cards is closer to £60000. I should have a clear credit record, no missed payment, have a mortgage, paid of personal loans etc..

Any thoughts?

Cheers

Serial_Tart

I posted something similar to this further up the page before I noticed this. MBNA have been cutting my credit limits since turning me down for a third card earlier in the year.

I earn a similar amount to you and have the same available credit so it looks like the bean counters have told them to cut their exposure even on people with good payment records.

Typhoon2000

Thanks, I figured they were cutting back, I guess they must have built up some bad debt along the way. They haven't cut any of my limits yet, just bumped up the APR which doest bother me too much as I have been able to move money around to cover it. I only reson to hold on to MBNA cards is if they keep offering more 0% BT offers, and they now need to be for around 12months to make sense since they increased there BT fee to 4%.

I know that if I apply for a new card without closing down some of the otheres I will get a pitiful credit limit to start with. I guess if MBNA start cutting limits then it will make my decision easier.

jonesMUFCforever

I'm in middle of 0% on purchases (December to July 2009) which is as good to me as I don't have anything outstanding on any other card at the moment.

They have not touched my limits either.

Bismarck

they keep offering me 0% deals but only for purchases....they also offer 2.9% on BTs at the moment but I've had to ask for those and they won't shift to 0% on them.

skyrider007

I've got this email offer from MBNA last week.

Dear MR

You've got a special rate of 0% p.a.* on your MBNA credit card account for new card purchases you make over
£150 between 10 April and
13 April 2009 until your October 2009 statement date.Δ

Take advantage of this great rate for all your larger new card purchases over the April Easter Bank Holiday weekend.

Your account was selected for this offer based on your account status as of 21/03/2009. Please ensure you check the qualifying details of the offer on the 'My Promotions' tab within the Online Banking site.

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*Promotional rates will no longer apply from the beginning of any statement period during which you have breached your terms and conditions. If you settle other cards or loans your monthly payment may be lower. Charges may be incurred for early settlement of other loans. Your repayments will be allocated to balances at the lowest rates first. If you have balances attracting the same promotional rate, we will allocate your repayments to the balance at the promotional rate which ends first.

Δ Your "statement date" is the date your statement is produced and not your payment due date.

This credit card is issued by MBNA Europe Bank Limited, Registered Office: Stansfield House, Chester Business Park, Chester CH4 9QQ. Registered in England number 2783251. We will monitor or record some phone calls. MBNA is authorised and regulated by the Financial Services Authority.