MBNA 0% Transfer and Purchase Credit Card review 2021

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This dual-purpose card offers lengthy 0% deals on both purchases and balance transfers made in the first 60 days.

If you're looking for a credit card to help spread the cost of an upcoming expenditure, but you already carry a balance, this "matched" card may be one of the most promising around.

You say: ★★★★★We say: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 20.93% (variable) p.a., your representative rate is 20.9% APR (variable).

20 months

0% interest on balance transfers


Representative APR

20 months

0% interest on purchases

12 months

0% interest on money transfers


IssuerMBNA Limited
Annual/monthly fees£0
Balance transfers0% for 20 months reverting to 20.93%
Balance transfer fee2.99% for 2 months reverting to 5%
Purchases0% for 20 months reverting to 20.93%
Purchases interest-free periodUp to 56 days
Money transfers0% for 12 months reverting to 20.93%
Cash advances20.93%
Min credit limit£0
Max credit limitNot specified
Additional cards available3
IncentiveEarn up to 15% cashback on purchases through Smart Rewards at popular retailers.

Review by

Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.

Expert review

MBNA cards are all about the table-topping longest 0% periods, and this card’s no exception – battling it out with the likes of Barclaycard and Santander for the best “matched” credit card title. Because these cards are all about minimising what you pay in interest, there aren’t any rewards/perks to be had – which is fair enough really, since those programmes usually come at a cost.

If you only plan to take advantage of one of the 0% introductory periods (purchases or balance transfers), however, then there are longer 0% offers out there on more specialised cards – from MBNA and others. Specifically, if you’re after a long balance transfer deal, you should start by looking at no-fee deals.

As with most balance transfer deals, there are a few important Dos and Don’ts to bear in mind.

Do work out how much you need to pay off each month to get debt-free before the end of the 0% period (just divide your balance by the number of months at 0%).

Don’t use your new card for cash advances (withdrawing cash from an ATM or getting cashback at a merchant), since there’s a fairly punishing 5% fee for the privilege. If you need cash, it’s cheaper to set-up a money transfer from the card to your current account – you can do this in the app. If you transfer money from the card within the first 60 days of having it, you’ll benefit from up to 12 months of 0% interest on that part of your balance too.

The MBNA 0% Transfer and Purchase Credit Card is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.

Pros and cons


  • Balance transfers, money transfers (that's when you transfer funds from the card to another account) and purchases can all be interest-free with this deal.
  • Despite being part of the same banking group as Halifax and Lloyds, balance transfers from these banks are allowed.
  • You can do a lot in the very respectable mobile app – from freezing and unfreezing cards to arranging transfers.


  • Looking for perks and rewards? Sorry – MBNA's all about making savings.
  • Balance transfers and money transfers are both subject to an initial fee (see table above).
  • After the first 60 days, any balance transfers, money transfers or purchases you make will be subject to interest.
  • Cash advances will incur a whopping 5% fee.

How does it compare with other matched 0% deals?

Table: sorted by length of 0% offer.
Name Product Balance transfers Money transfers Purchases Annual/monthly fees Rep. APR Link Incentive Representative example
M&S Bank Shopping Plus Credit Card
0% for 20 months
(2.9% fee)
0% for 20 months reverting to 21.9%
21.9% (variable)
Check eligibility
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
HSBC Purchase Plus Credit Card Visa
0% for 18 months
(2.9% fee)
0% for 18 months reverting to 22.9%
22.9% (variable)
Check eligibility
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
Sainsbury's Bank Nectar Dual Offer Credit Card Mastercard
Sainsbury's Bank Nectar Dual Offer Credit Card Mastercard
0% for 21 months
(3% fee)
(4% fee)
0% for 21 months reverting to 20.95%
20.9% (variable)
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 3 Nectar points per £1 spent in Sainsbury's and Argos. Earn 1 Nectar point for every £5 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 20.95% (variable) p.a., your representative rate is 20.9% APR (variable).
MBNA 0% Transfer and Purchase Credit Card
0% for 20 months
(2.99% fee)
0% for 12 months
(4% fee)
0% for 20 months reverting to 20.93%
20.9% (variable)
Earn up to 15% cashback on purchases through Smart Rewards at popular retailers.
Representative example: When you spend £1,200 at a purchase rate of 20.93% (variable) p.a., your representative rate is 20.9% APR (variable).

Compare up to 4 providers

Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

Repayment options

You can make manual repayments through MBNA Limited's app, by logging in to your online banking or over the phone (0345 606 2062). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) or losing any promotional rates as a result. You could use a fixed-amount direct debit to ensure you've cleared your debt before the 0% period expires – simply divide your outstanding balance by 20 to see what you'll need to pay each month (this assumes you don't use the card for additional spending).

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

The verdict

With a double-barrelled 0% interest period on both balance transfers and purchases made in the first 60 days, the MBNA 0% credit card could be a good option for those who have a balance they need to move, while also planning large upcoming expenses.

You’ll then have 18 months of no interest in which to pay off your balance, which could offer much-needed breathing room, provided you make sure to transfer your balance, or make your large purchase, within the allotted 60 days.

While there’s cards with longer 0% balance transfer periods available, the bonus 0% on purchases could be a decisive sweetener for those who need it.

How to apply

If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, MBNA requires you to use its “clever Check” eligibility tool, to see which cards you’d stand a strong chance of being approved for. This part of the process involves a “soft” credit check, and won’t hurt your credit score at all. If you then do then opt to apply for a card, MBNA will run a full, “hard” credit search, which has a small (but usually short-lived) negative effect on your credit score.

Frequently asked questions

How long does an MBNA balance transfer take?

If you're applying for the card today, you can request a transfer in the application process and MBNA states it'll go through within ten days. If you already have your card, you can arrange a transfer through your internet banking or in the app, and MBNA states it'll take one day to go through.

Any institutions that I can't transfer a balance to MBNA from?

Just MBNA. So even if you have an outstanding balance on a card held by another arm of the Lloyds group (Halifax, Lloyds, Bank of Scotland), you're fine.

How long does an MBNA money transfer take?

It's the same as a balance transfer: up to ten days if you're just applying, or if you already have the card, one day.

How quickly can I ask MBNA for a credit limit increase?

After six months. From then on, you can ask for further increases every six months. Any credit limit increases are at the discretion of MBNA, and you'll need to have used your card responsibly since you're had it in order for your request to be granted. That means having stayed within your current limit and having made all repayments on time.

Do I need to tell MBNA if I'm going to use the 0% Transfer and Purchase Credit Card overseas?

No, this is no longer necessary. Don't forget that if you do use your MBNA card abroad, a currency conversion fee of 2.95% will apply. MBNA cards tend to be a decent bet for balance transfer or purchase deals, but less so for travelling – you may wish to consider a dedicated card for that.

Can I choose my own PIN for the MBNA 0% Transfer and Purchase Credit Card?

You'll get issued one randomly by MBNA, but if you want to change it you can go to any cash machine attached to a high-street bank, select "PIN services" and then "Change PIN".

Finder credit card ratings

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Our experts score matched/balanced credit cards to determine their value against similar products on the market. We look at a number of important factors, like the length of the introductory offer, balance transfer fees, any restrictions to the offer, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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