Lloyds to MBNA Balance Transfer

adouas
adouas Posts: 12 Forumite
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in Credit cards
Hi, just applied for that new MBNA 38 month balance transfer card. I just realised (thought it was owned by BOA) that MBNA is owned by Lloyds.

The reason I got this card is to transfer a balance from a Lloyds Bank credit card to the MBNA one as the interest-free period is expiring. This wouldn't be a problem right?

Thanks for the help!
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Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
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    Probably you will be ok I don't know how much things have merged back office wise yet - if you don't ask you don't get.
  • adouas
    adouas Posts: 12 Forumite
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    they say 'no transfer from lloyds bank cards' on lloyds website and on MBNA website they say 'no transfers from MBNA cards' so should be ok!
  • Edi81
    Edi81 Posts: 1,444 Forumite
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    You can still do BT’s between Lloyds and Halifax and Lloyds and Bank of Scotland. That is after 8 years of being the same group. MBNA will likely be the same for a while.
  • planteria
    planteria Posts: 5,321 Forumite
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    agreed, should fine. at least for now.
  • Dobbibill
    Dobbibill Posts: 4,134 Ambassador
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    Even though they are owned by the same banking group, it a different brand so it will be fine.
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  • Edi81
    Edi81 Posts: 1,444 Forumite
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    They are also separate companies.

    Bank of Scotland and Halifax are separate brands but the same company and no balance transfers are allowed between them.

    As an aside it looks like MBNA are still generous with their credit limits and increases they’ve just increased mine by nearly half from£10k to just under £15k. Crazy if you ask me!
  • faddy
    faddy Posts: 508 Forumite
    Edi81 wrote: »
    They are also separate companies.

    Bank of Scotland and Halifax are separate brands but the same company and no balance transfers are allowed between them.

    Does anyone know if MBNA counts as part of the Lloyds Banking Group for the purposes of this from the Lloyds website:

    "You can only have a maximum of two credit cards with Lloyds Bank and a maximum of five with Lloyds Banking Group (which includes Bank of Scotland and Halifax)"?
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
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    faddy wrote: »
    Does anyone know if MBNA counts as part of the Lloyds Banking Group for the purposes of this from the Lloyds website:

    "You can only have a maximum of two credit cards with Lloyds Bank and a maximum of five with Lloyds Banking Group (which includes Bank of Scotland and Halifax)"?

    Yes - MBNA UK cards is now fully part of Lloyds Banking group.

    Thinking about it if you want to make balance transfers it makes sense to get cards outside of Lloyds' stable.
  • WillPS
    WillPS Posts: 3,433 Forumite
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    Lloyds cards accept balance transfers from Halifax, Bank of Scotland and MBNA.

    MBNA cards accept balance transfers from Lloyds, Halifax and Bank of Scotland.

    Halifax cards accept balance transfers from Lloyds and MBNA, but not Bank of Scotland.

    Bank of Scotland cards accept balance transfers from Lloyds and MBNA, but not Halifax.
  • MABLE
    MABLE Posts: 4,080 Forumite
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    adouas wrote: »
    Hi, just applied for that new MBNA 38 month balance transfer card. I just realised (thought it was owned by BOA) that MBNA is owned by Lloyds.

    The reason I got this card is to transfer a balance from a Lloyds Bank credit card to the MBNA one as the interest-free period is expiring. This wouldn't be a problem right?

    Thanks for the help!

    I have transferred recently from Lloyds to MBNA and then back again with no issues.
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