MBNA Changing T&Cs

molerat

Just received a new T&Cs booklet from MBNA, likely bringing them into line with LBG terms, taking effect from Feb. Major changes to minimum payments and allocation of payments, the latter especially being of note if you have multiple offers running at once.

Edi81

They are moving to the same platform used by the rest of LBG eg Lloyds Bank, Halifax, bank of Scotland.

onlyfoolsandparking

Having read the changes, they look quite reasonable certainly not MAJOR??

molerat

onlyfoolsandparking wrote: »

Having read the changes, they look quite reasonable certainly not MAJOR??

With many who post on here confused over allocation of payments and minimum payments then any change to those could be considered major.

onlyfoolsandparking

And stating they are making major changes wont add to their confusion will it?

chanz4

just wait for the responsible lender letters from Lloyds, slashing limits gone are the days of offers now

flower77g

New conditions are much clearer about not being able to hold a positive balance on the cards: others on MSE have apparently balanced transferred onto MBNA cards and been given a refund from MBNA by cheque - a cheap way of converting a non-MBNA balance transfer card into a money transfer card. The new terms close this loophole down.

fozmcfc

I like the MBNA card, for the constant repeat offers.

Hoping that doesn't change.

bengalknights

Cash advances one is quite a nice change, western union etc wont be classed as this. Hopefully revolut, monzo etc fall into this category.