First time post - MBNA additional balance transfer

Bobby_Vee

I have a mastercard with MBNA. I transferred a balance to it about 15 months ago to take advantage of a 0% rate. That rate is about to come to an end and I haven't managed to clear the balance. However, yesterday I had a letter from MBNA offering a new 0% rate for 12 months for any new balance transfers made after 1 May 2015. My question is: is it worth contacting MBNA and asking them to extend the current 0% rate I'm on by another 12 months even though I have no plans to make any new balance transfers? How likely are they to agree to that? Are there any downsides to asking them?

[Deleted User]

They're not very likely to agree at all. But you could ask.

Tixy

Pretty unlikely.

What may be a more realistic option for you is if they are offering you 0% on money transfers (and if you have sufficient limit), you could do a money transfer to your current account and then use that to repay the older debt on the card.

But as the money transfer fee is likely to be higher % than another card's balance transfer fee I'd first consider applying for a balance transfer card from a different provider.

Baby_Angel

Just as Tixy suggested. Beware of their fees though. They are usually higher than most of the other BT fees I ever had.