Interest charge on interest free MBNA CARD

lifesabeach60

Hello, i have an MBNA credit card with 0% interest on both balance transfers & purchases until April 2022. However i have been charged 90p interest on my latest statement which also shows an estimated interest of £2.44 on next months statement. I notice that there is a difference between "promotional" purchases & "standard" purchases & it is these standard purchases that are incurring interest. Anyone know what the difference is and why I'm being charged.

maxximus75

Have a look at what you originally signed up for?

It may be that the 0% on purchases are only for ones that are made in the first 60-90 days of opening your account? (depending on your particular deal).

If so, any future purchases after this date, will revert to the standard APR % of your account.

nick74

MBNA are unusual in that unlike most other 0% purchase card providers they require the purchases to be made within the first 60 days after opening the account to qualify for 0%. Any purchases made after that and not repaid in full are charged at their standard rate. It catches many people out. 

D3xt3r5L4b

nick74 said:

MBNA are unusual in that unlike most other 0% purchase card providers they require the purchases to be made within the first 60 days after opening the account to qualify for 0%. Any purchases made after that and not repaid in full are charged at their standard rate. It catches many people out. 

It only “catches out” people who don’t bother to read what they’re signing up for 

nick74

D3xt3r5L4b said:

nick74 said:

MBNA are unusual in that unlike most other 0% purchase card providers they require the purchases to be made within the first 60 days after opening the account to qualify for 0%. Any purchases made after that and not repaid in full are charged at their standard rate. It catches many people out. 

It only “catches out” people who don’t bother to read what they’re signing up for 

Indeed it does, including (I'm slightly embarrassed to admit) myself some years ago! 

2e0arr

D3xt3r5L4b said:

nick74 said:

MBNA are unusual in that unlike most other 0% purchase card providers they require the purchases to be made within the first 60 days after opening the account to qualify for 0%. Any purchases made after that and not repaid in full are charged at their standard rate. It catches many people out. 

It only “catches out” people who don’t bother to read what they’re signing up for 

some folks dont read the room etiquette rules

D3xt3r5L4b

2e0arr said:

D3xt3r5L4b said:

nick74 said:

MBNA are unusual in that unlike most other 0% purchase card providers they require the purchases to be made within the first 60 days after opening the account to qualify for 0%. Any purchases made after that and not repaid in full are charged at their standard rate. It catches many people out. 

It only “catches out” people who don’t bother to read what they’re signing up for 

some folks dont read the room etiquette rules

Some folks just post nonsensical inane claptrap for the sake of it