MBNA Long 0% Money Transfer Credit Card review 2022

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

Money transfer deals can offer unparalleled flexibility, but it's important to know the pitfalls if you want to play these cards correctly.

You say: ★★★★★We say: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 22.94% (variable) p.a., your representative rate is 22.9% APR (variable).

18 months

0% interest on money transfers


Representative APR

12 months

0% interest on balance transfers


Account fee


IssuerMBNA Limited
Annual/monthly fees£0
Balance transfers0% for 12 months reverting to 22.94%
Balance transfer fee4% for 2 months reverting to 5%
Purchases interest-free periodUp to 56 days
Money transfers0% for 18 months reverting to 22.94%
Cash advances22.94%
Minimum credit limit£0
Maximum credit limitNot specified
Additional cards available3
Additional Rewards InfoEarn 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 personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.

Expert review

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. Crucially, although you get 18 months interest-free, that only applies to money transfers you make in the first 60 days. So if you transfer funds out of the account on day 61, they’re liable to incur interest.

Unlike the vast majority of loans, however, you’ll incur a transfer fee each time you send money from your card to an account. Although the transfer fee is reduced for the first 60 days, after this period, for larger sums, it could get a bit painful (the fee is based on a percentage of the sum being transferred).

However much you transfer, you’ll want to have paid the debt off before the 0% expires. At that point it’ll start accruing interest at the card’s less-appealing standard rate – currently 22.9%.

Pros and cons


  • Extended 0% period on money transfers
  • No annual fee
  • Competitive rate


  • Shorter 0% balance transfer period

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.

How does it compare with other money transfer deals?

Table: sorted by length of 0% money transfers offer, promoted deals first
Name Product Balance transfers Money transfers Purchases Annual/monthly fees Representative APR Link Incentive Representative example
MBNA Long 0% Money Transfer Credit Card
0% for 12 months
(4% fee)
0% for 18 months
(2.99% fee)
22.9% APR (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 22.94% (variable) p.a., your representative rate is 22.9% APR (variable).
Virgin Money 19 Month All Round Credit Card Mastercard
0% for 19 months
(2.9% fee)
0% for 16 months
(4% fee)
0% for 19 months reverting to 22.9%
22.9% APR (variable)
Enjoy exclusive offers and rewards on the Virgin Red app.
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).
Tesco Bank 15 Month All Round Clubcard Credit Card Mastercard
0% for 15 months
(1.99% fee)
0% for 15 months
(3.99% fee)
0% for 15 months reverting to 20.94%
20.9% APR (variable)
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. Card can also be used as a Clubcard to collect standard points at 1 point per £1 spent on shopping and 1 point per £2 spent on fuel. Points are converted to Tesco vouchers which can be used towards shopping or exchanged for Partner Rewards.
Representative example: When you spend £1,200 at a purchase rate of 20.94% (variable) p.a., your representative rate is 20.9% APR (variable).
Virgin Money All Round Credit Card Mastercard
0% for 16 months
(3% fee)
0% for 12 months
(4% fee)
0% for 3 months reverting to 29.9%
29.9% APR (variable)
Enjoy exclusive offers and rewards on the Virgin Red app.
Representative example: When you spend £1,200 at a purchase rate of 29.9% (variable) p.a., your representative rate is 29.9% APR (variable).

Compare up to 4 providers

Approval for any credit card will depend on your status. The representative APRs shown represent 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. If you're purely using this card to spread the cost of a major expense, you could use a fixed-amount direct debit to ensure you've cleared the debt before the 0% period expires – simply divide what you borrow (plus the transfer fee) by 18 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

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 a 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 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.

Can I choose my own PIN?

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".

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