MBNA launches New Rate for Life Credit Card at 5.9%

MBNA has announced the launch of a new Rate for Life Credit Card offering 5.9 per cent for the life time of the balance transfer and a 1% balance transfer handling fee. The standard rate of interest for purchases will be 15.9% APR (typical) variable.

The rate on this limited quarterly special offer product will apply to all balance transfers and money transfers made in the first 60 days of the account being opened.

The rate for life card is available exclusively on MBNA's Web site, mbna.co.uk.

Greg Reed, President of MBNA UK Card, said: "MBNA is delighted to be launching this market leading product which offers a great low rate card for balance transfers and money transfers."

This is an Internet-only offer and anyone interested in taking out the new MBNA Rate for Life Credit Card should visit mbna.co.uk.