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MBNA introduces new credit card

MBNA introduces new credit card

Category: Credit cards

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

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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.