MBNA launches best ever balance transfer card

MBNA has launched its longest ever credit card offer, with new customers receiving zero percent interest on balance transfers and money transfers for 22 months.

The new MBNA Platinum credit card is available to successful applicants through a range of aggregator websites (see list below). It offers zero percent interest on balance transfers and money transfers for 22 months as long as they are made within the first 60 days of opening an account (a 2.85 percent handling fee applies to balance transfers and a 4.00 percent fee applies to money transfers).

The card also offers zero percent on purchases for three months from the date the account is opened.

Michael Donald, MBNA's Business Development and Marketing executive, said:  "This new long-term balance transfer credit card is, by a clear two months, the longest we've ever offered in the UK, and we're delighted to be able to make it available for new customers in time for Christmas.

"Unlike many other credit card deals, the 22-month offer also applies to money transfers, which allows customers approved for the card to transfer part of their credit card limit into their current account to help pay off or consolidate other debts they may have, such as loans or overdrafts."