MBNA launches new low-fee credit card

MBNA has launched a credit card offering 17 months interest-free on balance transfers, with a less than average balance transfer fee of 2%.

To get the best rewards and interest rates on your borrowing, you can compare credit cards with MoneyExpert.

The new ìEverydayî credit card also offers 0% interest on all purchases for seven months, with a competitive variable APR rate of 11.9%. 

 ìThis is without doubt one of the most comprehensive all round credit cards we’ve ever brought to market,î said Thomas Rebel, Product Marketing executive for MBNA.

ìIt 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.î

The card also allows those transferring balances from an old credit card 17 months at zero interest to pay off their previous debts, before interest comes into effect, provided they transfer the balance within 60 days.

ìThe 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,î Mr Rebel added.

A number of other market leading credit cards are also offering extended interest-free periods for balance transfers.

Currently topping the best buy tables is Barclaycardís Platinum credit card with Extended Balance Transfer, offering 0% interest on balance transfers for 23 months with a fee of 2.8% and an APR of 17.9%.

This is followed by the Barclaycard Platinum Credit Card with Balance Transfer, offering 0% interest on balance transfers for 22 months, a fee of 2.6%, and an APR of 17.9%.

To get the best rewards and interest rates on your borrowing, you can compare credit cards with MoneyExpert.

Leave a Reply

Your email address will not be published. Required fields are marked *