MBNA’s new 0% interest credit card | Product News - Moneyfacts

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MBNA’s new 0% interest credit card

MBNA’s new 0% interest credit card

Category: Credit cards
Date: 05/10/2016

MBNA has introduced a new 0% interest purchase and balance transfer credit card, which has staked a claim in the top four of the Best Buy chart for its sector and earned itself the highest Moneyfacts rating.

The basics…

The NUBA All Round Credit Card MasterCard boasts an introductory 0% interest term of 25 months for balance transfers, purchases and money transfers, with an introductory balance transfer fee of 2.39% and an introductory money transfer fee of 4.00%.

The finer details…

Balances must be transferred within 60 days of account opening in order to benefit from the offer. After the introductory periods have ended, balance transfers will be charged at an annual rate of 20.9%, standard purchases will be charged at 18.9% APR and money transfer will have an annual rate of 22.9%.

A bonus on this card is given in the form of a complimentary Amazon gift card worth £20 on balance or money transfers of at least £1,000 made within 60 days of issue. Borrowers must be at least 18 years old to apply, can apply online or over the phone, and should remember that rates are representative and dependent on credit ratings.

Why we like it…

This all-rounder credit card offers a highly attractive deal to customers looking to secure interest-free balance transfers, purchases as well as money transfers, deservedly earning its rating and high entry into the charts as a result.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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