0% Credit card what will minimum payment be?

Dolly123

Ben8282 wrote: »

I don't believe that you can transfer a balance from one MBNA card to a second MBNA card. So I think actually that it won't be.

We have done, the new card came through 2 days ago

Terry_Towelling

Edi81 wrote: »

You can’t transfer mbna to another mbna card. Why did you think you could?

From the way OP originally wrote, it sounded like they had already done the BT; their later post suggested they have yet to do it and replies from other posters suggest they can't do it anyway.

OP, have you actually transferred the balance or have you just got the card and have yet to try the BT?

It would be odd for a card company to willingly swap a profitable debt for an unprofitable one.

The only thing we can say with any reasonable certainty now is that any additional spending on the new card will be at 0% for 20 months, so it should be safe to spend on it and have a balance transferred to it (from wherever).

Ben8282

Dolly123 wrote: »

We have done, the new card came through 2 days ago

The new card may have come through but have you actually done the balance transfer and has it gone through?
I have NEVER heard of a lender permitting a balance transfer between it's own cards.
The fact that you have obtained a second card from MBNA with a sufficiently large credit limit is plausible although surprising considering the level of interest bearing debt with MBNA and the length of time that it has existed but their making you a special offer to transfer this debt to a new MBNA card at 0% for 30 months is not. Sorry.


https://www.mbna.co.uk/understanding-credit/understanding-transfers/balance-transfers.html
QUOTE
You cannot transfer balances between MBNA accounts.
UNQUOTE


QUOTE
At MBNA you can ask for a balance transfer from any card from another lender that displays a Visa, Mastercard or American Express® logo.
UNQUOTE

Dolly123

Im completely baffled by this too, we have already done the balance transfer last week. When I log in to the account it just shows one account too then new card came through and had the new interest rates on the attached letter

I know It even says on the website that you can't transfer a balance from one MBNA account to another MBNA account I have no plans to ever spend on his card again its chopped up.

Dolly123

Ben8282 wrote: »

The new card may have come through but have you actually done the balance transfer and has it gone through?
I have NEVER heard of a lender permitting a balance transfer between it's own cards.
The fact that you have obtained a second card from MBNA with a sufficiently large credit limit is plausible although surprising considering the level of interest bearing debt with MBNA and the length of time that it has existed but their making you a special offer to transfer this debt to a new MBNA card at 0% for 30 months is not. Sorry.


https://www.mbna.co.uk/understanding-credit/understanding-transfers/balance-transfers.html
QUOTE
You cannot transfer balances between MBNA accounts.
UNQUOTE


QUOTE
At MBNA you can ask for a balance transfer from any card from another lender that displays a Visa, Mastercard or American Express® logo.
UNQUOTE

I have attached the email below... am I going mad?

Dolly123

actually bare with me I'm just working out how I do it lol

Dolly123

omg how do I create a URL?

[Deleted User]

Are you 100% certain the transfer has gone through?

Dolly123

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jonesMUFCforever

That just shows that you have been successful in obtaining a second MBNA card - it does not say that the balance transfer has gone through.