MBNA Low Rate Credit Card

drunk1

Hi all,

Couldn't find another thread about this new card.

Just applied for one and got accepted. This is my 4th MBNA after a Celtic Mastercard, Emirates & Fluid.

Phoned to confirm rates as didn't say online or in email they sent. For anyone interested they have 3 rates, 6.5% (one I got wheeee!), 8.9% & 11.9%. Really a super card I think, the guy said the rate is for life of any balance transfer or money transfer with NO HANDLING FEE at all.

A very cheap way of borrowing if it's needed super quick and you can pay it back quickly.

I think personally I'll close my Celtic & Fluid and transfer the limits over to this card so I''ll have a AMEX, Visa & Mastercard covered with 2 accounts with the same provider.

Anyone else applied for the card or got it yet and noticed anything I haven't mentioned?

jonesMUFCforever

To me that is 6.5% too much - if you can get a 0% balance transfer card or purchase offer - but each to their own.

Stereo

jonesMUFCforever wrote: »

To me that is 6.5% too much - if you can get a 0% balance transfer card or purchase offer - but each to their own.

No handling fee though

gwapenut

jonesMUFCforever wrote: »

To me that is 6.5% too much - if you can get a 0% balance transfer card or purchase offer - but each to their own.

But it does allow you to transfer to your bank account with 0% handling fee, and you can then stooze it onto another 0% balance transfer card pronto. A cheap mule card, means you could get thousands in your bank account for, say, a subsequent 0.7% BT fee with a year's free credit.

ferrit44

I recently applied for this also, was accepted with a 4K limit, but no indication of the rate.

Might have to call them also, as if it's the higher tier i'm not particularly interested and may as well cancel it