CHESTER, England, May 27, 2014 /PRNewswire/ --
New Everyday Credit Card enhanced to include zero percent p.a. for up to 11 months on all card purchases and up to 21 monthsat zero percent p.a. on balance transfers and money transfers from account opening date(handling fees apply)
MBNA has improved its Everyday Credit Card, designed to offer eligible new customers an all-in-one solution to their everyday spending and debt consolidation needs.
Credit card provider of the year* MBNA has increased the zero percent p.a. offer on card purchases made on the Everyday Credit Card from eight to up to 11 months, and increased the zero percent p.a. offer on balance transfers and money transfers from 18 months to up to 21 months. Balance transfers come with a reduced 1.50 percent handling fee, down from 1.99 percent previously, and money transfers come with a 4 percent handling fee (applies to transfers made in the first 60 days of account opening).
MBNA has also ensured the APR for purchases on the Everyday card remains competitive at representative 14.9% APR (variable).
The improved Everyday Credit Card is available to new applicants on MBNA's website, http://www.mbna.co.uk/credit-cards/mbna-everyday-credit-card/.
"The Everyday Credit Card remains one of the most comprehensive 'all-round' credit cards we've brought to market, and we're pleased to be able to improve the offer, once again, for eligible new UK customers," said Michael Donald, MBNA's Business Development and Commercial executive.
Representative example 14.9% p.a. variable on card purchases. This is equivalent to 14.9% APR representative variable based on a credit limit of £1200.
Picture Caption: The Everyday Credit Card from MBNA
* MBNA named Credit Card Provider of the Year after a vote among UK consumers, in the Consumer Moneyfacts Awards 2014.
 Transferring other debts to the Everyday Credit Card and paying only the minimum amount due each month may lower the overall monthly debt repayments, but it may take longer and cost more to repay the outstanding balance. Other lenders may charge a fee for settling a loan early.
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.
 Eligibility for this card depends on your circumstances and the results of our eligibility check. The product, APR and promotional offer you 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.
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.
SOURCE MBNA Limited