MBNA Balance Transfer

barneygumble

I've just been accepted for an MBNA 16 month balance transfer card, when I applied I only transferred part of my balance from my old card as I'd mis-read the statement. Does anyone know if I'm able to transfer another balance from my existing card whilst retaining the 16 month 0% offer?

Consumerist

According to the MBNA website (Isn't Google great ! ), Note d, at the bottom of the page, reads :-

. . . Balance transfers and money transfers must be made within 60 days of account opening.

Hope that answers your question.

ironlady2022

If it's within 60 days as stated above then yes you can but the 16 months starts from account opening and not from the date of your first balance transfer.

barneygumble

Great, thank you!

fozmcfc

You may be charged another balance transfer fee though, if the first one has already been processed.

So it depends on how much you have left, surely you can't have misread it by thousands, so if a fee is applicable, you might be best just to pay the rest off the original card ASAP.

corbyboy

fozmcfc wrote: »

You may be charged another balance transfer fee though, if the first one has already been processed.

So it depends on how much you have left, surely you can't have misread it by thousands, so if a fee is applicable, you might be best just to pay the rest off the original card ASAP.

Isn't the transfer fee a percentage of the balance transferred? In this case the fee would be the same for 2 small transfers as it would for 1 big transfer.