CHESTER, England, November 5, 2014 /PRNewswire/ --
Charity credit card provider of the year* MBNA and The Royal British Legion are to extend their eight year affinity card relationship with an enhanced credit card which will enable members of the public to support the charity simply by spending on their card.
The credit card affinity relationship, which celebrated its eighth anniversary in June, has already helped raise more than £100,000 for the charity thanks to its passionate and engaged cardholding supporters.
In the centenary year of the First World War, MBNA has enhanced the value of the card for eligible new customers. From Wednesday, 5 November 2014, The Royal British Legion Credit Card will offer eligible customers zero percent on balance transfers and money transfers for up to 24 months from the date of account opening (2.99 percent handling fee, £3 minimum, applies to balance transfers and a 4.00 percent handling fee, £3 minimum, applies to money transfers). This offer only applies to transfers made in the first 90 days. It is an increase from the previous 12-month offer period.
The Royal British Legion Credit Card also offers new customers zero percent interest on purchases made up to three months after the date the account is opened.
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 £1200.
The Royal British Legion Credit Card from MBNA is available for new customers to apply for now at http://www.britishlegion.org.uk/creditcard
When new customers open an account and use their card, MBNA will contribute up to £20 to The Royal British Legion when the card is used within 90 days of account opening, plus £2 for every year a customer uses their card and 25p for every £100 spent by customers on card purchases.
"MBNA is proud to continue to stand together with The Royal British Legion, a charity that has done so much good for our military personnel over many years," said Michael Donald, Commercial and Customer Experience executive for MBNA. "Together with our Royal British Legion cardholders, MBNA has shown our support for the Legion by contributing more than £100,000 towards their work. We look forward to helping the charity continue to deliver its vital programme of work."
Louise Ajdukiewicz, head of Corporate Partnerships at The Royal British Legion added: "This is a fantastic initiative which enables our supporters to raise money for the Legion while they shop, and we are incredibly grateful to both MBNA and its customers for their continued support."
Charity credit cards help consumers regularly give to charity - it is done automatically, and the chosen charity benefits every time a customer uses the card for purchases.
"We take great pride in being one of the UK's leading co-branded credit card providers, with tens of thousands of charity credit cards in the UK market, and providing an important source of revenue for our charity partners," added Donald.
* MBNA named charity credit card provider of the year in the Moneynet Personal Finance Awards 2014 - http://www.moneynet.co.uk/awards-2014.
The Royal British Legion credit card is issued by MBNA Limited. Registered Office: Stansfield House, Chester Business Park, Chester CH4 9QQ. Registered in England and Wales under company number 02783251. Authorised and regulated by the Financial Conduct Authority. MBNA Limited is also authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, Register Number: 204487 for the provision of payment services. Credit is available, subject to status, only to UK residents aged 18 or over.
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.
About The Royal British Legion
The Royal British Legion's work is encapsulated in its motto: Live On - to the memory of the fallen and the future of the living. The Legion is the nation's biggest Armed Forces charity providing care and support to all members of the British Armed Forces past and present and their families. It is the national custodian of Remembrance and safeguards the Military Covenant between the nation and its Armed Forces. It is well known for the annual Poppy Appeal, and its emblem the red poppy. http://www.britishlegion.org.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 this product should visit http://www.mbna.co.uk for full terms and conditions.
SOURCE MBNA Limited