MBNA introduces top 0% interest credit card | Product News - Moneyfacts

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MBNA introduces top 0% interest credit card

MBNA introduces top 0% interest credit card

Category: Credit cards
Date: 05/08/2016

MBNA Ltd has launched a new all round credit card, with introductory deals on purchases as well as balance and money transfers. This combination of introductory terms makes it highly competitive, which is why it has secured a place at the top of the charts in its sector.

The basics…

The MBNA All Round Aggregator 25/25 Credit Card Visa has an introductory interest-free term of 25 months on all purchases, balance transfers and money transfers. Balance transfers will be charged at a lower introductory rate of 2.49% and money transfers at 4%.


The finer details…

Balance and money transfers must be made within 60 days in order to qualify for the offer. After the introductory periods have come to an end, balance transfers will be charged at an annual rate of 20.9% with a 5% fee, money transfers at an annual rate of 22.9% with the same 5% fee, and standard purchases will be charged at 18.9% APR.

Borrowers must be at least 18 years old, can apply online or by phone, and should remember that rates are representative and dependent on credit ratings.

Why we like it…

While the introductory terms separately are not considered market leaders, it is the combination of competitive introductory terms that makes this credit card appealing, especially for those looking to get the most out of their credit card. This outstanding product thereby deserves to be at the top of the Moneyfacts charts in its sector.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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