MBNA credit limits

Alan_M_2

I took out an MBNA Platimum Card just for Balance transfer purposes, and filled in the form with the cards I wanted cleared and I was given a £24,000 limit on the card, not that I asked for that much but it does come in handy to shuffle things around.

I have the same limit on a Barclaycard Platinum which has eye watering interest if you don't pay it off or get an offer period.

The_Boss

I've always found MBNA to be generous with their limits and increases

Phoenix79_2

dazed wrote:

You can call up and get a credit limit increase request done on your existing card to see if they can up it to 11500. If you call 0800 7831116 mon-fri 8-7 sat 9-1 they will be able to put in the request and get an immediate response and also carry out the BT and offer you a new promotional rate of interest. This could be 0% depending on who you speak to. Hint: This number is the retentions team or customer loyalty. If they increase the limit to 11500 and you cannot get 0% mention that you would look to close the account and reopen a new one.

The rep will rather get a BT than have a closure

I normally use the last option as I normally get good rates. Not because they know me because I am nice to them. Not a git like some people

HTH

Helps very much dazed. Thanks. I'll give them a bell in the morning. I'd even accept a decent LOB rate as long as its lower than 7.9% which i'm paying on my loan. The balance transfer fee would be steep though wouldn't it? Do they cap it?

dazed

researcher wrote:

Nothing on the MBNA card at all - I have a 0% deal with Capital One - 18 monther which ends at end of December , so I would want to BT from there - but in December aren't MBNA likely to have met their targets?

They are monthly targets for the specialists too They are more important than the bank ones for them

If it has a low balance I.e less than £600 or is clear then they will be able to offer you a low rate. They would look to waive the fee so barter with them about the rate first as you transfering a bit of cash

Phoenix79 wrote:

Helps very much dazed. Thanks. I'll give them a bell in the morning. I'd even accept a decent LOB rate as long as its lower than 7.9% which i'm paying on my loan. The balance transfer fee would be steep though wouldn't it? Do they cap it?

I think the only LOB rate they are offering is 7.9% at present but that is if you are looking to close the account and it falls into certain criteria.

Even if you can get it onto a low rate for 6 months then get them to waive the fee then it tieds you over until you can get the loan sorted at a lower rate possibly. I appreciate you are chopping and changing all the time but especially with xmas coming up it may help a bit anyway.

HTH