CHESTER, England, January 21, 2014 /PRNewswire/ --
MBNA and Chelsea FC extend balance transfer period to up to 24 months
New card also offers zero percent interest on purchases made in the first three months of opening an account
Chelsea Football Club and the club's official credit card provider in the UK, MBNA, have extended the balance transfer offer for eligible new customers.
The new Chelsea FC credit card from MBNA now offers eligible new customers zero percent interest on balance transfers and money transfers for up to 24 months from the account opening date* - up from 16 months previously.
The offer applies to transfers made within the first 90 days (a 2.99 percent handling fee applies to balance transfers and a 4.00 percent fee applies to money transfers), and the card also offers zero percent interest on purchases made in the first three months of account opening.
The new Chelsea FC credit card from MBNA is available for consumers to apply for now at http://www.chelseafc.com/creditcard.
For every £1 spent on the card, Chelsea FC credit card customers get one reward point, and the points can be redeemed for club-based merchandise. In addition to the rewards programme, MBNA makes a contribution to the club every time a new customer makes a card purchase, at no extra cost to them.
Michael Donald, Marketing and Commercial executive for MBNA, said: "This is the longest balance transfer offer we've ever launched for our comprehensive range of sports card programmes in the UK, so we're delighted to be able to make this new deal available to Chelsea FC fans across the UK.
"Over the last 12 years, we have forged a strong relationship with Chelsea Football Club, and we are continuing to work together to develop a product that offers supporters a great deal, whilst contributing to the future of the club."
Anyone applying for the new credit card offer can use MBNA's new "eligibility checker", which allows consumers to check their eligibility for the card without a credit search registering on their credit file, and before continuing with a full application. Once a full application is completed, an online application decision could be made in minutes and the card delivered within 10 days.
The affinity relationship MBNA has had with Chelsea in the UK since 2002 is one of MBNA's most successful sports credit card programmes.
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.
* 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.
Picture Caption: The Chelsea FC credit card from MBNA
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 this product should visit http://www.mbna.co.uk for full terms and conditions.
SOURCE MBNA Limited