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MBNA what should I do??
OnTheUp_2-2
Posts: 692 Forumite
in Credit cards
I have just found out that our b and b on holiday does not accept card (oops) so was wondering whether I could do a cash transfer from my mbna card there is this offer on my online account below, what do you think. I have £400 on the card. Are there any catches?
You are here: My Promotions
My promotions
Any applicable promotional rate will apply unless you are, or have in the last two weeks, been in breach of any of the terms and conditions that apply to your account. Your promotional rate will no longer apply from the beginning of any statement period during which you breach your terms and conditions.
6.9% for the life of your balance on all balance transfers completed before 10 November 2009
A transfer handling fee will apply of 3.0% of the transaction (minimum of £3.00)
Transfer Balance
Money Transfers To A Current Account
6.9% for the life of your balance on all money transfers to a current account completed before 10 November 2009
A transfer handling fee will apply of 4.0% of the transaction (minimum of £3.00)
You are here: My Promotions
My promotionsAny applicable promotional rate will apply unless you are, or have in the last two weeks, been in breach of any of the terms and conditions that apply to your account. Your promotional rate will no longer apply from the beginning of any statement period during which you breach your terms and conditions.
6.9% for the life of your balance on all balance transfers completed before 10 November 2009A transfer handling fee will apply of 3.0% of the transaction (minimum of £3.00)
Transfer Balance
Money Transfers To A Current Account
6.9% for the life of your balance on all money transfers to a current account completed before 10 November 2009
A transfer handling fee will apply of 4.0% of the transaction (minimum of £3.00)
0
Comments
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Well the only catch is that you will have factor in the BT fee and also you will only be able to borrow up to 95% of your credit limit I think, will that leave you enough?Aug GC £63.23/£200, Total Savings £00
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4% handling fee :-(
havent enough time to apply for new card we go on sunday!!0 -
OR over the counter get cash out off the card OR from an ATM or credit card cheque??
Its only £2000 -
omg noooo cash withdrawl 27% apr.. so would have to be a credit transfer0
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What rate are you currently charged on the existing £400 balance?
Will you settle your next statement balance in full? Any repayments will pay off the money transfer first.People who don't know their rights, don't actually have those rights.0 -
The quickest way is to request your money transfer by phone (as opposed to online).We go on Sunday!
Virgin will allow you to transfer up to 95% of your credit limit. The money arrives in your bank account in about 6 days
People who don't know their rights, don't actually have those rights.0 -
Not sure what the current apr is 16.9 I think, sorry its my hubbys card. it was a 0% but has come off that now and we do not want to apply for a new card as we are in the mifddle of applying for a new mortgage
Wont be paying it off in full, we need £200 and current balance £440 and we will be paying back £125 a month0
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