MBNA deserves credit for Platinum Card - Credit cards - News - Moneyfacts


MBNA deserves credit for Platinum Card

MBNA deserves credit for Platinum Card

Category: Credit cards

Updated: 23/09/2010
First Published: 23/09/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

MBNA Europe Bank has launched a couple of new credit cards that are likely to be real hits.

The Platinum Dual Credit Card Visa offers 0% on purchases and balance transfers for 12 months.

The balance transfer fee is 2.98% with a minimum of £3 payable on each transfer made, and transfers must be made within 60 days from issue.

The Platinum 16 Month Visa offers 0% on balance transfers for 16 months and has the same transfer fee and minimum payment as the Dual card.

As an added bonus, purchases are charged at 0% for three months.

The Platinum Dual card offers one of the leading introductory rates for purchases along with a good introductory balance transfer deal and revert-to rates, whilst the Platinum 16 Month card provides one of the best introductory balance transfer offers along with a lower balance transfer fee.

However, consumers do need to assess their spending and repayment habits over the year so they obtain the right card for their needs.

Users will also need to re-assess their financial position at the end of the introductory periods to ensure they obtain the best option suited to their circumstances.

Both cards are well worth four out of five Moneyfacts stars.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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