MBNA-try to lower BT fee

cashprincezac

I successfully aplied for an MBNA card through quidco, and have been givem a generous credit limit. The 0% is for a year so I thought well worth slapping 6k in ISA's for me and the Mrs, they were going to charge me the full 2.5% fee, but being a cheejy chap I said I would only do it if they knocked it down to 2%, he said no, so I asked him to ask his manager....guess what they did it!

jonesMUFCforever

Just check what they actually charge you?
It's the last day of the quarter and someone might be getting a bonus because of this - they don't care if they have to refund you next quarter!

stphnstevey

MBNA can be good - on ne card I got the 2.5% fee waived with out even pushing for it, but when I tried this again on another MBNA card, they wouldn't shift!

mstar

i got a confusing thing... i got a new MBNA card and then did a full BT and paid my 2.5% but i been told i have to pay a minimum amount of £5 a month (which reduces the debt no interest) is this correct? i am new to CC's but i assumed i don't need to pay anything for a year

bolo

mstar wrote: »

i got a confusing thing... i got a new MBNA card and then did a full BT and paid my 2.5% but i been told i have to pay a minimum amount of £5 a month (which reduces the debt no interest) is this correct? i am new to CC's but i assumed i don't need to pay anything for a year

This is correct.
you MUST pay the minimum monthly amount every month, it reduces how much you owe at the end.

currentmember

ejones999 wrote: »

Just check what they actually charge you?
It's the last day of the quarter and someone might be getting a bonus because of this - they don't care if they have to refund you next quarter!

MBNA bonuses dont work like that, nothing is commission based. It goes on attendance, productivity, error rate etc etc ..... although balance transfers and PPI have an effect, its a combined bonus and one BT would have minimalistic effect. But I would still check, some of my colleagues at the hell hole are less than scrupulous.

smiggers

I've just been informed that my MBNA rate has been increased to 2.2071% per month (it doesn't give the APR - bit naughty - but it must be 29.9% or above). Thankfully I never hold a balance on my card but keep it for BTs , but what a staggering rate. Anybody else as high as this?