CHESTER, England, August 27, 2014 /PRNewswire/ --
Credit card provider of the
year[*]MBNA has launched its
longest ever balance transfer credit card, offering eligible new
customers zero percent p.a. on balance transfers and money
transfers for up to 32 months from the account opening date. The
offer applies to transfers made within the first 60 days of account
opening (a 2.69 percent handling fee applies to balance transfers
and a 4 percent fee applies to money transfers, £3 min).
(Photo:
http://photos.prnewswire.com/prnh/20140827/703268 )
The card also offers zero percent p.a. on purchases for three
months from the date the account is opened.
"This new credit card enables eligible new customers to take
advantage of the longest balance transfer and money transfers we've
ever offered in the UK", said Michael
Donald, Commercial and Customer Experience executive for
MBNA. "We're committed to offering products that make it easier for
consumers to manage their finances".
The new MBNA Platinum Credit Card is available for consumers to
apply for now at
http://www.mbna.co.uk/choose-credit-card/?card-table=balance-transfer.
The credit card also features the eligibility check, which
enables consumers to find out if they are eligible before applying
for the card[1]. As part of the
eligibility check a quotation search is carried out and this won't
show as an application for credit so won't affect their credit
rating. If they are not eligible, they may be offered an
alternative MBNA product to consider.
Once a full online application is completed, a decision could be
made in minutes. Once a customer is approved, their card should be
delivered within 10 business days.
The new MBNA Platinum credit card is also equipped with
contactless technology. Learn more at
http://www.mbna.co.uk/understanding-credit/contactless/.
Representative example: 18.9% p.a. (variable) on card
purchases. This is equivalent to 18.9% APR representative
(variable) based on a credit limit of £1,200.
Picture Caption: The Platinum Credit Card from MBNA
* MBNA named Credit Card Provider of the Year after a vote among
UK consumers, in the Consumer Moneyfacts Awards 2014.
[1]Eligibility for the card
depends on a customer's circumstances and the results of the
eligibility check. The product, APR and promotional offer they
could get may vary from the example.
Credit is available, subject to status, only to UK residents
aged 18 or over. Calls may be monitored and/or recorded for quality
and training purposes and for compliance with regulations.
Promotional rates will no longer apply from the beginning of any
statement period during which customers have breached their terms
and conditions, for example if they haven't paid on time or have
gone over their credit limit. Customers cannot transfer balances
between MBNA accounts.
About MBNA Limited:
MBNA Limited is a wholly owned subsidiary of Bank of America
Corporation (NYSE: BAC). For more information, visit the company's
website at http://www.mbna.co.uk.
Editor and supplementary notes:
The information contained in this press release is intended
solely for journalists and should not be used by consumers to make
financial decisions. Any consumer interested in learning more about
any of this product should visit http://www.mbna.co.uk for full
terms and conditions.