MBNA Limited Long 0% Money Transfer Credit Card Mastercard review April 2019

MBNA Limited Long 0% Money Transfer Credit Card Mastercard
MBNA Limited Long 0% Money Transfer Credit Card Mastercard

Enjoy an interest-free period on funds that you transfer from this card to other accounts.

Money transfer credit cards give you flexibility that most cards don’t – effectively acting like a flexible loan (or loans) that you can draw down to your nominated account when it suits you. And in the case of this card, it’s an interest-free loan – for an introductory period at least.

Unlike the vast majority of loans, you will incur a transfer fee when you send money from your card to an account. Although the transfer fee is reduced for a short introductory period, after this period, for larger sums, it could get a bit painful.

Money transfer vs Balance transfer

Confused by the difference between these two terms? A balance transfer involves bringing across an outstanding credit card debt from your old card (or cards) to a new card. A money transfer (in this context) simply involves making an online transfer of funds from your credit card to a bank account of your choosing.

Key features at a glance

IssuerMBNA Limited
NetworkMastercard
Annual/monthly fees£0
Balance transfers0% for 24 months reverting to 21.93%
Balance transfer fee3.45% for 2 months reverting to 5%
Purchases19.93%
Purchases interest-free periodUp to 56 days
Money transfers0% for 28 months reverting to 23.93%
Cash advances27.93%
Min. credit limit£0
Max credit limitNot specified
Additional cards available3
Annual/monthly fees£0
Balance transfer fee3.45% for 2 months reverting to 5%
Money transfer fee2.99% for 28 months reverting to 5%
Foreign usage charge (EU)2.95%
Foreign usage charge (rest of world)2.95%
Cash advance fee5% (min. £0)
Late payment fee£12
Duplicate statement fee£0
Exceeding limit fee£12
Additional card fee£0
Replacement card fee£0
Dormancy fee£0
Minimum Age18
ResidencyMust hold a UK bank/building society account. Must hold permanent UK address for 3 years.
AvailabilityAvailable to new customers
Representative example: When you spend £1,200 at a purchase rate of 19.93% (variable) p.a., your representative rate is 19.9% APR (variable).
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Compare money transfer credit cards

Comparison ordered by representative APR with affiliated products shown first.
Updated April 22nd, 2019
Name Product Money transfers Money transfer fee Purchases Rep. APR Incentive Representative example
0% for 28 months reverting to 21.814%
3.99% (min. £3)
0% for 3 months reverting to 19.944%
19.9%
1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.
Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 28 months reverting to 21.814%
3.94% for 28 months reverting to 3.99% (min. £3)
0% for 3 months reverting to 19.944%
19.9%
1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.
Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 28 months reverting to 23.93%
2.99% for 28 months reverting to 5%
19.93%
19.9%
Representative example: When you spend £1,200 at a purchase rate of 19.93% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 23 months reverting to 23.9%
4% for 23 months reverting to 5%
0% for 23 months reverting to 21.9%
21.9%
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).
0% for 20 months reverting to 23.9%
4% for 20 months reverting to 5%
0% for 3 months reverting to 21.9%
21.9%
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).
0% for 20 months reverting to 23.9%
4% for 20 months reverting to 5%
0% for 20 months reverting to 23.9%
23.9%
Representative example: When you spend £1,200 at a purchase rate of 23.9% (variable) p.a., your representative rate is 23.9% APR (variable).
0% for 18 months reverting to 23.9%
4% for 18 months reverting to 5%
0% for 3 months reverting to 23.9%
23.9%
Representative example: When you spend £1,200 at a purchase rate of 23.9% (variable) p.a., your representative rate is 23.9% APR (variable).
0% for 16 months reverting to 27.9%
4% for 16 months reverting to 5%
0% for 16 months reverting to 27.9%
27.9%
Representative example: When you spend £1,200 at a purchase rate of 27.9% (variable) p.a., your representative rate is 27.9% APR (variable).
0% for 15 months reverting to 21.814%
3.94% for 15 months reverting to 3.99% (min. £3)
0% for 15 months reverting to 19.944%
19.9%
1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.
Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 12 months reverting to 21.814%
3.99%
19.944%
19.9%
1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.
Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a., your representative rate is 19.9% APR (variable).

Compare up to 4 providers

Repayment options

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 Limited Long 0% Money Transfer Credit Card Mastercard

If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.

*Disclaimer: The offers compared on this page are chosen from a range of products finder has access to track details from and is not representative of all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The use of terms "Best", "Top", "Cheap" including variations, are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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