Credit Cards

MBNA Credit Card

The MBNA Credit Card now offers 0% p.a. on balance transfers for 20 months from account opening date, on transfers made within the first 60 days. There’s a  2.99% balance transfer handling fee, with a minimum payment of £3.

On top of this 0% balance transfer rate you also get  0% on purchases for the first 3 months from account opening, and 0% p.a. on money transfers for 20 months from account opening date, on transfers made within the first 60 days. MBNA charge a 4% Money Transfer Handling Fee with a minimum of £3.

 Representative Example : 16.9% p.a. variable on card purchases. This is equivalent to 16.9% APR representative variable based on a limit of £1200

With a vast choice of credit cards available you can get a great deal on 0% purchases and 0% balance transfer credit cards. It is worth comparing the balance transfer fees as any benefit you get from transfering your outstanding credit card balance from another company can be hit by fees from your new provider.

The overall cost for comparison provided by all the credit card company websites and comparison websites is the best way to directly compare the deals that they are offering. Rewards for using credit cards can also be a good reason to switch but take care when comparing cards as some may be offering a good reward rate but charge you more in interest. If you pay your balance every month, then the rewards on offer from the likes of Tesco are a good way to get those Tesco Clubcard Points.