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MBNA Low Transfer Limit?

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Hello,

I just signed up for an MBNA credit card.

The limit I was given was £3300 with 0% balance and money transfers for a set period.

I've just actived my card and logged in, but when trying to do either a money transfer or a balance transfer, it says:

Transfer rate:

rates
0.0% p.a. until 28 August 2018 on all Money Transfers made on or before 25 July 2017
A transfer handling fee will apply of 4.0% of the transaction

Maximum transfer amount at this rate:£115.94¹

n the screen where I can enter the amount I want to transfer.

Ideally I want to transfer as much of the £3300 as possible!

If I click on the link to increase my credit limit, it says my limit is £3300.

I haven't used the card yet and it appears my limit is £3300 with no spending as far as I can see?

Any ideas? I don't want to try and transfer £3xxx and then end up with that not being on the 0% rate.

Thanks!

Comments

  • Oakdene
    Oakdene Posts: 2,560 Forumite
    1,000 Posts Combo Breaker
    Usually you can transfer 95% of your balance which is what I did with MBNA
    Dwy galon, un dyhead,
    Dwy dafod ond un iaith,
    Dwy raff yn cydio’n ddolen,
    Dau enaid ond un taith.
  • sjb76
    sjb76 Posts: 20 Forumite
    Same as Oakdene.

    I'd give them a call if i was you and see what's going on.

    :)
  • Candyapple
    Candyapple Posts: 3,384 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Maximum transfer amount at this rate:£115.94¹

    What does that little 1 at the end of the amount relate to? That will be your answer.
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
  • john1002
    john1002 Posts: 985 Forumite
    Part of the Furniture 500 Posts
    Sounds like they are already processing a BT you did on application.

    John
  • john1002 wrote: »
    Sounds like they are already processing a BT you did on application.

    John
    Yes, that was it. Sorry for wasting everyone's time!
This discussion has been closed.
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