When it comes to credit cards deals, market leader MBNA seem to know what they are doing. It comes as no surprise that they are Europe's largest credit card provider. One such great deal offered by them last year was the 0% Balance Transfer credit card.
This card not only comes with 0% on balance transfers for an over the norm 16 months, it also offers 0% on card purchases for your first three months. The standard interest rate for balance transfers and purchases is 16.7% APR (typical) variable, and transfers must be made within the first 60 days of account opening. There’s also a lower handling fee of 2.88%, making this a very attractive deal.
Speaking on behalf of http://www.MBNA.co.uk, product executive for Bank of America Europe Card Services, Will Curley, said: “Our customers tell us they are looking for better offers in the market, and that is what we are delivering”
“We are constantly searching for new ways to bring more choice, simplicity and value to all that we do, including delivering a suite of products that offer real value for customers.”
As MBNA strives to always listen to its customers, the Balance Transfer card also includes the new credit card payment allocation method that puts any repayments you make automatically towards the higher interest balances, so you clear your balance quicker with less overall interest paid.
The new card and all credit cards delivered by MBNA include full contactless technology built in, allowing you to make quick purchases (of under £15) on the go, with a quick scan of your card.