MBNA 3% BT Fee 1/5/05!!

Hobo_2

Got letter this morn £3 min charge on a platinum card, looks like game over!

Reaper

Do you mean £3 or 3%?

ANB_2

URGENT !! – CORRECTION!!

I too have received a communication from MBNA dated March 2005.
I have just spoken to them also.

The BT fee has NOT changed..... What has changed is the minimum fee payable, which will increase by £1.00 from £2.00 to £3.00 with effect from 01.05.05.
A maximum fee still remains, which in my case is £50.00.

The actual reading is as follows. "The handling fees payable on balance transfers, cheques and cash transactions, as set out in paragraph 1f of your terms and conditions, will remain at 2 %. The minimum fee payable will be £3."

Regards

deemy2004

Yeh me too £3 / 2% BT charge

ffacoffipawb

deemy2004 wrote:

Yeh me too £3 / 2% BT charge

My letter, received today, states 3%, not 2%.

Minimum of £3 and max of £75.

No chance of a 0% deal (offered 7.9% long term rate instead of 17.9%), so closed the card this afternoon over the phone. They will confirm in writing.

Still, made a few quid by stoozing them the last 2 years. Never used card for anything else, so no loss to let it go.

Hobo_2

To confirm, my letter states BT fee of 3% from 1st May 2005

min charge £3


No mention of a max/ capped amount, though the last letter i recieved from MBNA a while ago said £75 max BT fee

ANB_2

Very interesting !

We have 2 MBNA letters for two separate accounts and both of them state “will remain at 2%. The minimum fee payable will be £3.00.”

I called MBNA again a few minutes ago. ………They have assured me that there is still a maximum capping of £50.00 on MY accounts. (She emphasised MY)

I got the impression that the terms may vary from one person to the next and that they appear to be targeting and offering those of us who are deemed “non profitable” less favourable terms and conditions.

P.S - I have a 0.9% APR BT agreement with them up until April 05 and the beginning of July 05

johnllew

ANB wrote:

I got the impression that the terms may vary from one person to the next.

They do - my wife and I got letters slightly different from each other's, on the same day. Mine mentioned the cap; hers did not.