MBNA UK has launched a new credit card deal that not only offers a no handling fee but an introductory rate of 1.9 percent for 12 months – on all money and balance transfers*.
* The no handling fee and low rate applies to money and balance transfers made in the first 90 days of the account being opened.
The standard rate of interest for card purchases will be 16.9 percent APR (typical) variable, however with the introduction of payment allocation changes from the 1st of September, these will be paid off before your interest free balance is touched.
To apply for this credit card offer – visit MBNA’s website: http://www.mbna.co.uk.
Will Curley, the product executive for Bank of America Europe Card Services, which operates under the MBNA brand in the UK, said: “MBNA is delighted to be launching this market-leading product, which offers no handling fees on balance and money transfers and a low rate for 12 months if they are made in the first 90 days.
“We know this is product will appeal to many of our customers, particularly those looking to pay down their debts over a short period with lower fees, and we will continue to offer more value and choice among our UK card portfolio.”
The new low APR credit card deal is launched just a few weeks before MBNA changes its payment allocation methods. As of September 1, 2010, any payments made to a MBNA UK credit card will first go towards paying off the part of the balance with the highest interest charges first leaving your 0% balance transfer amount untouched until the end.