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MBNA 6.7% LOB with 0% fee
CannyJock
Posts: 3,838 Forumite
Just been speaking to a few other stoozers about this new card just out, thought worth posting for others to see
https://wwwa.mbna.co.uk/apply/UKCCapp/Ctl/entry?sc=7amaf676_ost&mc=ECO-UK-33333-12356
They're offering 6.7% LOB for purchases, balance transfers and money transfers direct to your current account, with no fee if made within 60 days.
The fee-free money transfer is what caught our attention but would be a good option for others clearing debt, with the usual MBNA low 1% min payment.
Because it's a LOB rate, you're pretty much protected from the usual MBNA tactic of hiking the rates up at the end of a promotion.
It's also an Amex card which doesn't affect the balance transfer rates, but may discourage some from putting additional spending on it in the first place
According to their website it's limited to the first 1000 customers, so could be gone pretty quickly. No need to apply through price comparison sites from what I can see.
https://wwwa.mbna.co.uk/apply/UKCCapp/Ctl/entry?sc=7amaf676_ost&mc=ECO-UK-33333-12356
They're offering 6.7% LOB for purchases, balance transfers and money transfers direct to your current account, with no fee if made within 60 days.
The fee-free money transfer is what caught our attention but would be a good option for others clearing debt, with the usual MBNA low 1% min payment.
Because it's a LOB rate, you're pretty much protected from the usual MBNA tactic of hiking the rates up at the end of a promotion.
It's also an Amex card which doesn't affect the balance transfer rates, but may discourage some from putting additional spending on it in the first place
According to their website it's limited to the first 1000 customers, so could be gone pretty quickly. No need to apply through price comparison sites from what I can see.
"A child of five could understand this. Fetch me a child of five." - Groucho Marx
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