MBNA Launches new "Everyday" Credit Card

CHESTER, England, October 4, 2012 /PRNewswire/ --

Card offers zero per cent interest for seven months on all card purchases A low APR of 11.9 per cent

17 months at zero per cent on balance transfers made within 60 days, with low two per cent fee

MBNA has launched a new credit card offering consumers an all-in-one solution to their everyday spending and debt consolidation needs.

     (Photo: http://photos.prnewswire.com/prnh/20121004/567220 )

MBNA's new "Everyday" credit card comes with a seven-month, zero per cent interest promotion for card purchases; a low annual percentage rate (APR) and a long balance transfer promotion with one of the lowest handling fees in the UK market.

"This is without doubt one of the most comprehensive all round credit cards we've ever brought to market," said Thomas Rebel, Product Marketing executive for MBNA. "It offers a convenient solution for everyone who wants to take advantage of a low APR and great promotional offers and low fees. Plus, what you see is what you get. We won't offer different rates to anyone who is accepted for this product."

The Everyday credit card from MBNA offers zero per cent interest for seven months on card purchases and comes with a low standard rate of 11.9 per cent on card purchases.

The Everyday credit card also offers zero per cent interest for 17 months on all balance transfers made within 60 days of opening an account. The offer comes with a low handling fee for balance transfers of two per cent.

"We're creating new products that differentiate MBNA in the credit card market and we're committed to giving more value back to consumers. The new Everyday credit card is a great example of that," Mr Rebel added. "The Everyday credit card offers very competitive rates and promotional offers right across the board because we want people to consider MBNA credit cards when they are deciding on a card to suit their needs."

The Everyday credit card from MBNA is contactless-enabled (click here to learn more).

Representative example 11.9% p.a. variable on card purchases. This is equivalent to 11.9% APR representative variable based on a credit limit of £1200.

About MBNA Europe Bank

MBNA Europe 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  or Bank of America's website at http://www.bankofamerica.com.

Editor and supplementary notes:

The information contained in MBNA Europe's press releases is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in finding out more about any of MBNA Europe's products should visit http://www.mbna.co.uk for full terms and conditions.