MBNA Credit Cards

credit card

Read on to find out what MBNA credit cards could do for you.

In an increasingly stagnant market, where credit card interest rates are well into double figures and promotional deals are hard to come buy, credit card provider MBNA are claiming to offer a unique alternative. They recently released their ‘Rate for Life’ credit card, which offers customers a promotional interest rate of 5.9% and a lowered handling fee of 1.5% on all balance transfers.

Affordable Credit

Going against the more conventional promotional period offer, MBNA have instead created an affordable credit card that offers low interest for the life of the outstanding balance transfer, not just for 12 or 15 months. With the UK currently having over 30 million credit card holders and over one million of these using their card to pay mortgage or rent bills, the ‘Rate for Life’ card could prove very popular.

MBNA’s Chief Marketing Officer, Greg Reed, said: “We have listened hard to what customers want and I believe that this simplified, easy-to-understand, low rate card will have enormous appeal to customers.”

It’s the latest in a range of credit card products from the Bank of America subsidiary that is also tapping into the affinity card market with great success. MBNA’s football credit cards are proving very popular with stalwart fans of UK clubs up and down the country as they find themselves able to purchase goods with a branded card that supports their team.

The ‘Rate for Life’ card is squarely aimed at those who need to manage existing credit card debt and in the current economic climate, that’s more people than at any point in the last ten years. If MBNA are to be successful, they’ll need to persuade the deal seekers and bargain credit hunters that a 5.9% interest rate is better than a limited period 0% offer. No mean feat when you consider the amount of credit compare sites and how they select their ‘best’ deals.

Useful Websites

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  • Confused.com
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  • Credit Cards For Bad Credit
    Provides details of credit cards which are suitable for people who are looking to rebuild their credit rating.
  • Credit Card Deal Searcher
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  • Bad Credit Buster
    Guide for people with low credit scores. Features loan, credit card and mortgage products aimed at people with bad credit.
  • Know Your Money
    KnowYourMoney provides a comparison for the top 20 credit cards available in the UK at any one time.
  • CompareandSave.com
    Financial best buy services from credit cards, loan and mortgages to insurance products and utilities, Compare and Save.com Your Money Matters
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Further Reading

  • Compare Credit Cards Vs Store Cards

    Get the facts on credit cards Vs store cards as a way to pay. Check our simple UK comparison information as a way to get the best deals based on your circumstances
  • Why Have a Credit Card?

    Why would you choose to have a credit card? Choosing the right one for you is more important than ever with debt and your credit rating at stake.
  • Best Business Credit Cards

    Make sure you know how to find the business credit cards, to ensure low fees and lots of benefits when you need for trips or business meetings.
  • How to Find Cheap Credit Cards

    Know your APR and whether you pay an annual fee? See how to find yourself a cheap credit card as a great way of keeping your costs down when you're borrowing money.
  • Guide To Lost & Stolen Credit Cards

    If you have lost or had stolen credit cards then here's a brief consumer guide on what to do to ensure you are not liable and to reduce chances of identify theft!

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