We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Beware catches of MBNA Emirates credit card
Proud_Northerner
Posts: 1 Newbie
in Credit cards
Word of warning to ensure no one else gets caught out with the MBNA Emirates credit card. I applied & got a card for the benefit of interest free period of a year on flight purchases direct with Emirates. I then stupidly used it as an ongoing credit card, paid off the balance of all additional payments .... But was charged interest because I didn't pay off the full balance including the flight that is on interest free. Have gone round in circles trying to understand the rationale but just not going to use anymore. To be fair MBNA have offered to refund the interest payments incurred so far but does seem that the card is effectively best used as an interest free loan on emirates flights. Be very careful how you use this card!
0
Comments
-
I don't think that it's really the case for the flight.Proud_Northerner wrote: »Word of warning to ensure no one else gets caught out with the MBNA Emirates credit card. I applied & got a card for the benefit of interest free period of a year on flight purchases direct with Emirates. I then stupidly used it as an ongoing credit card, paid off the balance of all additional payments .... But was charged interest because I didn't pay off the full balance including the flight that is on interest free.
What you say is common for all cards with, say, 0% on BTs. Make a purchase and you'll pay interest on it from day 1 unless you pay the balance in full. Hardly a 'catch'.Have gone round in circles trying to understand the rationale but just not going to use anymore. To be fair MBNA have offered to refund the interest payments incurred so far but does seem that the card is effectively best used as an interest free loan on emirates flights. Be very careful how you use this card!0 -
It's not a catch, it's standard practice.0
-
I've got essentially the same MBNA setup with another airline.
I actually think it's a reasonably good setup with only 0% forex loading missing for a 'travel card'. If it had this, I would probably dump my Clarity card.
They also seem to offer ongoing low cost balance transfer deals and good spending points for their Amex card.
Sounds like you've misunderstood the setup and they've refunded you to keep you happy.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
You paid interest on a credit card, that is a big catch.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards