MBNA ambiguous about monthly minimum payment on website
A percentage of the total balance you owe (including interest and
charges), as shown in your statement and in line with your terms and
conditions.
I don't want to make an application (and leave a footprint on my credit record) to find out when the first statement arrives what that percentage is. Furthermore, I can't find their T&Cs on their website. Can anybody direct me to the information, or any current MBNA customers advise what the percentage is? I'd call them but they only take calls from existing customers (and are obviously prioritising those who are most affected by Covid19)
Comments

The minimum payment may vary by card type, so you'll need to check the key facts for the type of card you're applying for.0

Thanks for the quick reply. But will I get to see the Key Facts sheet before clicking on the apply button?
0 
Yes.1

richdav1971 said:Am considering making an application to MBNA for a 0% balance transfer card. Although I will be making more than the minimum repayment every month, there may be an occasion when I need to make the minimum payment instead. All their website says is:The minimum payment we ask for is charged on a monthly basis and will be the higher of £25 or:
A percentage of the total balance you owe (including interest and charges), as shown in your statement and in line with your terms and conditions.
The back of my MBNA statement contains the following:Minimum repaymentThe wording you have suggests you pay a percentage of the total balance, which includes interest and charges.
Your monthly minimum payment will be an amount equal to the higher of £25 or the total of any interest charged, any default charges payable, your annual fee (if applicable), LifestyleProtect (if applicable), and 1.00% of the balance you owe shown in your statement. If you owe less than £25 you must pay the full amount you owe.1 
I have two MBNA cards, Everyday and Platinum. They both have a 1% minimum payment.1

SnowTiger said:richdav1971 said:Am considering making an application to MBNA for a 0% balance transfer card. Although I will be making more than the minimum repayment every month, there may be an occasion when I need to make the minimum payment instead. All their website says is:The minimum payment we ask for is charged on a monthly basis and will be the higher of £25 or:
A percentage of the total balance you owe (including interest and charges), as shown in your statement and in line with your terms and conditions.
The back of my MBNA statement contains the following:Minimum repaymentThe wording you have suggests you pay a percentage of the total balance, which includes interest and charges.
Your monthly minimum payment will be an amount equal to the higher of £25 or the total of any interest charged, any default charges payable, your annual fee (if applicable), LifestyleProtect (if applicable), and 1.00% of the balance you owe shown in your statement. If you owe less than £25 you must pay the full amount you owe.
0 
Count it as a percentage plus any interest, which covers both versions anyway.
While you're in the 0% period these are of course the same, unless you add some modest spending. Thus for example £2500 balance, minimum £25, but with spending £50, interest 80 pence, minimum would be £25.80 (I'd send £51 or more though).0 
We have taken a second MBNA card recently (money transfer) and it has a minimum payment of 2.5% of the balance. The first we had was 1% plus interest. So it appears to differ depending on the card.0

I recently applied to exchange my MBNA card with another one. However on the statement the min payment is 2.5 percent of the balance. Not a problem but I am sure in the terms and conditions I received with the card it was £25.00 plus 1 percent thereafter.0
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