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 Low Fee 0% Balance Transfer Credit Card review
This card is no longer available, but you can use this page to compare alternatives.
As of July 2020, this card has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to browse the range of credit cards currently available from MBNA and to compare similar cards from other issuers.
You say: ★★★★★We say: ★★★★★
Doing its job: 5/5
In a nutshell:
0% interest on balance transfers
0% interest on money transfers
|Balance transfers||0% for 23 months reverting to 20.93%|
|Balance transfer fee||1.99% for 2 months reverting to 5%|
|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|
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.
While the card issuer’s very longest 0% deal comes with a fairly painful balance transfer fee (especially if you want to transfer a larger sum), this card offers a reduced fee in return for a few months less at 0%. If the 23-month deal on offer here gives you enough time to clear your card debt, then you could opt to take advantage of the low transfer fee (divide your outstanding balance by 23 to see what you’d need to pay each month). Before you do, however, you should check out the selection of balance transfer cards currently available with no balance transfer fee.
How does this card compare with other balance transfer deals?
Compare credit cards from MBNA
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 Low Fee 0% Balance Transfer Credit Card
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.