Outstanding balance transfer credit card | Product News - Moneyfacts

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Outstanding balance transfer credit card

Outstanding balance transfer credit card

Category: Credit cards
Date: 03/08/2015

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 It is now over 6 months old so the content may be out of date.

MBNA has increased the introductory term on both balance transfers and money transfers on its Fluid credit card, and has even reduced the balance transfer fee to offer borrowers the complete package.

The basics…

The Fluid 36 Month Balance Transfer Credit Card Visa now offers 0% on balance transfers for 36 months (previously 35 months) and on money purchases for 20 months (previously 12), and has reduced the introductory balance transfer fee to 2.79% (previously 3.10%).

The finer details…

Balance transfers must be made within the first two months to benefit from the reduced fee, after which it rises to 5.00%. Money transfers will attract a fee of 4.00% during the first two months, rising to 5.00% thereafter. Both balance transfers and money transfers must be made within 60 days to qualify for the 0% terms.

Standard purchases are charged at 18.9% APR. Borrowers should remember that rates are representative and dependent on credit ratings.

Why we like it…

The increased money and balance transfer terms combined with the reduced fee means this card offers borrowers a highly competitive package with a whole range of features, earning the highest Moneyfacts rating in the process.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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