Do Mbna and others charge vary BT fees among their customers?

pb3

MBNA has been sending me various 0% Balance and Money transfer offers. The balance transfer fee in both case however is a whopping 5% for a one year period :rotfl:

BT fees were brought in by cc companies a while back as a countermeasure against stoozing. At the time they were typically between 2 to 3 percent. I notice MBNA, at least in my case, appear to to have progressively jacked up their BT fees over the last couple of years.

The fee charged by Barclaycard is 2.9% for an equivalent time period for Balance Transfers.

I'm just trying to get a feel as to whether this 5% MBNA BT fee is typical across the board for existing MBNA customers, or whether it is targeted.

Has any other MBNA customers been offered this "bargain" fee?

chattychappy

I used to get various offers from MBNA, often with BT fees below their standard fee (which used to be 3%, I think). I would sometimes take them up. Then they raised their standard fee to 5%.

Like you, all my "offers" for the last year or so have been at the standard fee of 5%. I haven't taken any of the up. Actually I don't do BTs anymore anyway, but they are not to know that. The balance on my 19K limit card has been zero for about a year now. (That reminds me, I should put some spend through in case they close it as dormant.)

I'm always getting good offers from Barclaycard Plat and Santander Zero.

Nebulous2

I'm in a similar position. Over £20k limit with two card from them following a split. Did the 0% juggle for a while but lost interest in it and gave up a couple of years ago. Very occasionally put an item through on one of the cards, then pay it in full. I never use the other one. I haven't seen a Bt below 5% from them for ages. The length seems to vary a bit though - from about 10 months to 15 or 16.

PDF

I've got 3 % showing for BT and 4% showing for bank transfers, it's on an Amazon Credit card but is essentially MBNA. Still far too high a fee as Barclaycard are offering money transfers at 1.9%.

andyuk01

Currently showing

0% for 6 moths - halifax
1.9% for 9 months - Barclaycard

Both of which regularly change

YorkshireBoy

My Virgin Money card (now closed) had a 5% fee, but my Virgin Atlantic card still has the original 2% fee...for both BTs and money transfers.

I regularly get 12-13 month 0% offers, but haven't taken one for a while as even with a near £25K limit I can't make a worthwhile stoozing profit.

MABLE

I have about 4 Barclaycards and all the offers now show 6.9% for life and a bt fee of 2.9%. Before that the various cards had different offers and one going up to January 2016.

I did phone BC and advised the previous offers were still available up until 7 May.

Perhaps the change is to do with their internal scoring.

planteria

yes, they certainly vary. they offer different deals to tempt you, though sometimes (like for me, currently) they are not very tempting. they can, sometimes, be negotiated too. i have negotiated fees down, and the period up, at various stages.

leeroy2009

mbna 0% bt till 20th march 2015 3.5% fee
Barclaycard 1 - 6.9% for life of balance transfer 2.90% fee
Barclaycard 2 - 0% for 31 months 2.90% fee (this is a new card though - yummy)

jonesMUFCforever

I am in the same boat - have told them through their secure message system that they their BT fees are way too high - got an automated response but nothing else.
As others have said other cards are cheaper - either MBNA don't want any more of this market or perhaps a little short of cheap enough capital to make it worth their while.
Have they not been trying to sell their UK card operations for years?

GingerBob_3

jonesMUFCforever wrote: »

I am in the same boat - have told them through their secure message system that they their BT fees are way too high - got an automated response but nothing else.
As others have said other cards are cheaper - either MBNA don't want any more of this market or perhaps a little short of cheap enough capital to make it worth their while.
Have they not been trying to sell their UK card operations for years?

Steer clear of MBNA for BTs - far too expensive. I didn't know they were trying to offload their UK operation. I hope they're successful. I don't like these American operators taking over the market. Having said that, I do have four of their cards myself.