MBNA Card Offer - 1.9% for the year!

Megalomaniac

Hi all,

MBNA have an offer on their credit card for 1.9% - the same offer as what they had last September.

https://wwwa.mbna.co.uk/apply/UKCCapp/Ctl/entry?sc=8pt48btz_ost&mc=ECO-UK-33333-12871

Take advantage of this brand new offer from MBNA. Pay no handling fee on balance transfers or money transfers made within the first 90 days AND receive a promotional interest rate of just 1.9%!

• 1.9% on balance transfers for 12 months (No handling fee). For this great rate your balance needs to be transferred within the first 90 days of opening your account♠
• 1.9% on money transfers from your credit card to your current account for 12 months. Remember for this great rate you need to transfer money within the first 90 days of opening your account (No handling fee)
• No handling fee for balance and money transfers in the first 90 days, 3% thereafter (4% for money transfers)
• 16.9% APR typical rate (variable)

Brilliant deal for a cheap year long loan. I bought a car with mine and have just paid off the card within the year!

jay87

Yeah MBNA are great for offers like this, I have an old executive club card account which gives existing customer offers of 1.9%. Worth keeping open for the benefits :j

BenL

I did this one last year and it has been a good deal. The card and pin arrived and have just been left hidden away at home. I've pretty much paid it off now ready for the offer ending on my October statement date.

Statements arrived every month with the correct details and rates, i made my payments on time and had no problems.

Recommended deal!

Ben

sniperpenguin

So would this be a good bet for a BT to pay off a loan currently at 7.9%? or is the 1.9% they advertise a monthly rate?

bigstevex

Just cancelled my previous mbna card 2 months ago, re-applied and £8700 limit perfect, 2 loans to transfer with only about ~12 months of payments left anyway! Saves me the interest difference!

BenL

sniperpenguin wrote: »

So would this be a good bet for a BT to pay off a loan currently at 7.9%? or is the 1.9% they advertise a monthly rate?

Yes, the 1.9% is APR.

On £4000 it was £7 a month interest or something i think. Statement not with me.

paulq

I just applied for this card submitted the credit check and then it came up with a credit agreement stating the APR i would recieve would be 24.9%.

I then had to digitally sign the credit agreement it went to the next page and it said you will hear in the next 7 - 10 days?

anyone know if i have a chance of being accepted. It's took me a while but now my credit file is really clean no marks or that.

joewa

just appliedfor this card,got declined>i have never had a problem with credit so i gave them a phone and i was declined due to having a credit card with them with a large outstanding credit limit
Just beware if you are in a similar position

Eydon

joewa wrote: »

just appliedfor this card,got declined>i have never had a problem with credit so i gave them a phone and i was declined due to having a credit card with them with a large outstanding credit limit
Just beware if you are in a similar position

Did you have a large limit, or a large balance?

Reason I ask is that I just applied for the BT Credit card (to get £40 credited to my BT account). I already have two other MBNA cards with high limits (but no balances). I got a call from the underwriters and we agreed to lower the limits on my two existing MBNA cards so that I could get the BT card.

joewa

hi,12500 credit limit.5000 owed

Debt_Free_Dreamer

joewa wrote: »

hi,12500 credit limit.5000 owed

Ring and see if you can transfer some of the credit limt over. I have done this before with MBNA. Moved credit limit from Virgin to MBNA Platnum card.