MBNA introduces new credit card - Credit cards - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

MBNA introduces new credit card

MBNA introduces new credit card

Category: Credit cards

Updated: 04/02/2009
First Published: 03/02/2009

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 It is now over 6 months old so the content may be out of date.

A new credit card has been introduced by MBNA, offering what the firm describes as a "market-leading" rate.

The product is only available online and those carrying out a credit card comparison will find that it carries a typical variable interest rate of 15.9 per cent APR.

Dubbed Rate for Life, the card also offers a 5.9 per cent rate for balance transfers throughout their term, in addition to a one per cent handling fee.

The deal will apply to transfers made in the first 60 days of the account's opening and also includes money transfers.

Commenting on the new product, president of MBNA UK Card Greg Reed remarked: "MBNA is delighted to be launching this market-leading product which offers a great low-rate card for balance transfers and money transfers."

The company recently announced that it had teamed up with United Airlines to offer a new reward credit card - which provides points through the Unlimited Mileage Plus Scheme

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Credit card mistakes cost borrowers £948m

At this time of year, many people could be turning to balance transfer credit cards in an attempt to overcome their Christmas debt. However, many of these borrowers could get caught out in the year ahead, and they could end up paying for it.

6 of the best balance transfer credit cards

Does the thought of opening your credit card bills fill you with fear? If so, you're not alone! Christmas may be over, but unfortunately, many people will still be paying for it, after turning to credit to cover the cost of their festive spend.

Get a better credit score for the New Year

A new year means a fresh start, and one of the best things you can do is take a cold, hard look at your finances – particularly when it comes to your credit score.
 
Close