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.
MBNA 0% Transfer and Purchase Credit Card review January 2020
This card offers lengthy 0% deals on both purchases and balance transfers.
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: ★★★★★
Doing its job: 4/5
In a nutshell:
0% interest on balance transfers
0% interest on purchases
0% interest on money transfers
|Balance transfers||0% for 26 months reverting to 20.93%|
|Balance transfer fee||2.89% for 2 months reverting to 5%|
|Purchases||0% for 26 months reverting to 20.93%|
|Purchases interest-free period||Up to 56 days|
|Money transfers||0% for 12 months reverting to 20.93%|
|Min. credit limit||£0|
|Max credit limit||Not specified|
|Additional cards available||3|
|Incentive||Introductory 0% purchase offer only applies to purchases made within 60 days of opening.|
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.
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.
How does this card compare with similar deals on the market?
When it comes to repayments, you can make manual repayments online or over the phone (0345 606 2062), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. 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|
How to apply for the MBNA 0% Transfer and Purchase Credit Card
If you have 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.