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Mbna credit card payment holiday, advice needed
ssdkck
Posts: 123 Forumite
in Credit cards
Mbna are offering a 3 month payment holiday. I currently have a 0% interest promotion offer. Will this be effected, if doesn't mention in t & c. From my understanding the only penalty will be my monthly minimum payment going up.
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Comments
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Your t&C's pre date Coronavirus so it won't be in there.
You'll need to ask them, but your promo should remain unaffected in this unique instance.1 -
Definitely check with them - I would expect no change to your promo period. i.e. You most likely will have the exact same end date which won't be extended but you will have to make 3 less payments before it.1
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This was a grey area according to Martin Lewis on TV this week. If it was me I would try my darndest to pay the minimum to make sure.0
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Right on the Lloyds website (MBNA being part of Lloyds bank group) - it does now state that you can apply for up to 3 months credit card holiday - and if you are on a 0% deal these will NOT be affected.
Make sure you apply and get confirmation before stopping payments.1
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