Market-leading balance transfer card from MBNA

MBNA has launched a market-leading balance transfer offer for new customers. The MBNA Balance Transfer credit card offers 0% on balance transfers for 16 months from account opening (when made within the first 60 days), with a 2.88% handling fee.

The MBNA Balance Transfer credit card also offers 0% on card purchases for the first three months. The standard rate of interest for purchases and balance transfers is 16.7% APR (typical) variable.

Will Curley, product executive for Bank of America Europe Card Services, which operates under the MBNA brand in the UK, said: "Our customers tell us they are looking for better offers in the market, and that is what we are delivering.

"We are constantly searching for new ways to bring more choice, simplicity and value to all that we do, including delivering a suite of products that offer real value for customers."

All of the new cards will be contactless enabled, click here for details.

Earlier this year MBNA also began allocating customers' repayments to their highest interest-bearing balances first.

The product is available now on MBNA's website: mbna.co.uk.