CHESTER, England, October 2, 2014 /PRNewswire/ --
Offers balance transfers up to 25 months at zero percent, with a 1.45 percent fee (terms apply)
Credit Card Provider of the Year[*] MBNA has launched a new time limited MBNA Platinum Credit Card, offering eligible new customers zero percent on balance transfers for up to 25 months from account opening date (a 1.45 percent handling fee of £3 minimum applies). The offer only applies to balance transfers made within the first 60 days of opening the account.
(Photo: http://photos.prnewswire.com/prnh/20141002/709326 )
The card also offers zero percent on purchases made within three months from the date the account is opened.
This new offer from MBNA is available for applications received by Monday, 27 October 2014.
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.
"We've made a commitment to make life easier for consumers to manage their finances, and new products like this are an important part of bringing that to life for consumers," said Michael Donald, Commercial and Customer Experience Executive for MBNA.
The new MBNA Platinum Credit Card is available for consumers to apply for now at https://apply.mbna.co.uk/UKNeoCCapp/entry?sc=1OCMCPLIMB0044O&mc=OCMCPL005B7.
The credit card also features an 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, which won't show as an application for credit or affect an applicant's 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.[2] 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/.
* 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.
[2] If customers apply online between the hours of 6am and midnight, Monday to Friday, or 6am and 9pm, Saturday to Sunday, they could get an instant decision. Outside of these hours, or if their application is referred to a Credit Analyst for a final decision, MBNA will be in touch as soon as possible.
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. MBNA Limited, Registered Office: Stansfield House, Chester Business Park, Chester CH4 9QQ.
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.
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