MBNA launches its longest balance transfer credit card

MBNA has launched its longest credit card offer, with eligible new customers now able to receive zero percent interest on balance transfers and money transfers for up to 29 months from account opening date.
 
The offer applies to transfers made within the first 60 days (a 2.89 percent handling fee applies to balance transfers and a 4.00 percent fee applies to money transfers).
 
Anyone making an application for the new credit card offer can use MBNA’s new “eligibility checker”, that allows consumers to check their eligibility for a particular MBNA credit card without a credit search registering on their credit file, before continuing with a full application. Once a full application is completed, an online application decision could be made in minutes and the card delivered within 10 days.
 
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 the longest we’ve ever offered in the UK, and we’re delighted to be able to make it available for eligible new customers looking to get their finances in order after their Christmas spending or in the New Year. We’re constantly seeking ways to make life easier for consumers, and the new eligibility checker is designed to be a useful aid when they are considering a card.”
 
MBNA has also developed a new online balance transfer calculator2 in order to help consumers estimate interest savings they could make on their existing card balances by transferring them to MBNA’s Platinum credit card at a promotional rate and for the promotional period. The new calculator is available now at mbna.co.uk/choose-credit-card/ and can be used before applying for the new MBNA credit card through a PC, laptop, tablet or mobile phone.
 
“Choosing the right credit card is an important decision and we hope this new balance transfer calculator is a useful tool for new customers”, Donald added. “It is part of our ongoing commitment to making life easier for those we serve now, and for those we hope to serve in the future.”

The new MBNA Platinum credit card is available for consumers to apply for now at mbna.co.uk.
 
Representative example 18.9% p.a. variable on card purchases. Equivalent to 18.9% APR representative variable based on a credit limit of £1200.