MBNA fee-free balance transfer offer today only - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit
Today only, MBNA are advetising fee-free balance transfer to any of their credit cards for existing customers, at whatever promotional rate you currently have. Mine was showing as 0% until July 2008, which coupled with no fees at all means free interest on the money transferred into my current account :-)

You probably don't even want to consider this unless you currently have zero balance on your MBNA card, but if you have, and are offered a low rate, then it's a rare bargain for credit card stoozers. Excellent also for people who have offset mortgages linked to their current account balance too.

Credit to neville72 on MSE forums for spotting this one.
More From MBNA:

All Comments

(24) Jump to unreadPost a comment
Comments/page:
#1
where is advert cant see it on site ?
#2
It's a banner ad bottom-left on the homepage, takes you to this link...

http://applyonlinenow.com/uk/btfeefree_jmp/btfeefree_jmp.htm
#3
Why is this voted cold?
#4
Be sure to note that when you sign up for this card and they ask for your bank information - it is not for the purpose of setting up a direct debit.

I have an MBNA card and they had the cheek to charge me a £20 missed payment fee and when I complained the chap on the phone said that a 'lot of customers' often make that mistake. Got the fee refunded though and they are helpful.
#5
i have a bmi classic mastercard through mbna, i log on to mbna from their site and I too noticed that advert. Does anyone know if i tranferred £700 (as there is currently £710 left on my £1,000 limit) to my current account. Then transferred it back into my credit account later, would i get my airmiles?

I currently get 1.5 air miles for every £ spent.

Cheers!
#6
I know direct debit is easier to manage, but I find its better to use the payment feature on the MBNA website (pay by debit card).

You've got to be oh-so-careful not to forget to do it ontime, but it only takes 2 working days to "pull" the money from your debit card by this method, rather than 5 days to "push" it via direct debit, so you actually earn a teeny bit more interest while the cash stays in your account for 3 days more :-)

It also means MBNA can't quibble about the date, as they give you a reference number when you make the transaction. The absolute danger though is if you forget (or you lose your internet connection that day or some other horror), because then no only do you get hit with late fees, they also take away your 0% deal and immediately dump you onto standard rates which costs a fortune.
#7
kingnothing83
i have a bmi classic mastercard through mbna, i log on to mbna from their site and I too noticed that advert. Does anyone know if i tranferred £700 (as there is currently £710 left on my £1,000 limit) to my current account. Then transferred it back into my credit account later, would i get my airmiles?

I currently get 1.5 air miles for every £ spent.

Cheers!


I don't think that balance transfers count towards air miles, only actual purchases, so I don't think this would work for you.
#8
damn thought as much, theres no real benefit of moving the money around then. Thanks
#9
BT don't count towards airmiles, I have huge limit with Mbna they are fine just like any other credit cards, the min payments change from november to 5% but as said before you can transfer money to currrent accounts, normally BT attract a max fee of £50 well they do on my plat account.
#10
You might be able to pay yourself via paypal if you have 2 accounts
#11
Voted hot - I've got the July 2008 deal on my card at the moment too - That's a pretty good offer of free money for 9 months! With a 12,400 limit, I'm tempted to fill it up and invest it somewhere safe!
#12
**** BEWARE****
I have had a MBNA platinum card with what they called a permanent rate of 5.9% when they offered it to me for the past 2 years. I have used it like a personal loan to pay for a conservatory. I have never missed a payment or paid anything like the minimum payment.

Today I got a letter informing me the rate was changing from the 5.9% I have been paying to over 12% from November and over 24% for any balance that is classed as a cash advance.

I have contacted them and they say they can change T & C's at any time, my reply was I can change my card provider at any time so the £11,000 has been transferred to other accounts already. They offered to cap the rate at 9.9% but as thats still double what I was paying I declined. I wouldnt trust any offer they propose.
#13
Mine already maxed and as there minimum DD is only £5 a month, it remains more or less maxed.

They only allow you to BT a certian % of your credit limit, something like 90%.

Good deal if you have happened to take out a card, not yet maxed it and have it ready to do a BT today
#14
It's usually a really bad idea to BT onto a card that already has purchase balance on it. That's because any payments you make from then on are used to pay back the BT first, leaving purchase balance untouched and costing you maximum interest until after you've paid off the entire BT amount.

That's the main reason why credit card companies offer these balance transfer deals long after you've already setup the card - its a trap for the unwary.

But - If you can avoid that trap, and happen to have paid off your balance last month, then being able to have a large 0% "free loan" for the best part of a year is a great deal.

In my case, a BT of 14K into my current account for 8 months at 0% means I won't have to pay interest on that same amount on my offset mortgage, so its effectively like getting 6% interest on that 14K tax free (i.e I save about £650 in mortgage interest payments by just leaving the cash in my account, and then paying it all back at the last minute).

That's the reason I posted it, but it does not make it a great deal for everybody so I can understand why some people voted cold. Shifting large amounts around on credit cards can be very profitable, but make a mistake and you get badly burned...
#15
Thanx southeast shopper, gave them a call as I wasn't sure what my current rate was. It is only 1.9% for I did a transfer to my bank account to clear my overdraft and also 1 of my CC 0% was due to end next month so this could not have come at a better time

O and they did it over the phone not online
Thanx
xx
#16
Should be fee free anyway.
banned#17
I wonder if that means that you can do it for any card managed by mbna.

Virgin etc??

anyone got any ideas?
#18
ferrett
I wonder if that means that you can do it for any card managed by mbna.

Virgin etc??

anyone got any ideas?


Mine is actually a "Sony card" run by MBNA. As long as you are logging into [url]www.mbna.co.uk[/url] website to access your account, its probably OK, but I don't honestly know the answer (not confidentally enough to advise you to risk money on it anyway!)
#19
Mine is a Virgin Atlantic Amex .... worked fine
banned#20
planetdannii
Mine is a Virgin Atlantic Amex .... worked fine


I did access via mnba but redirects me to the virgin area and all it says is 3% unless advised otherwise.
#21
pcrich
**** BEWARE****
I

Today I got a letter informing me the rate was changing from the 5.9% I have been paying to over 12% from November and over 24% for any balance that is classed as a cash advance.



I got the same letter and ripped it up in the bin and transferred all my money from my Virgin card £500 to my Mint card for 0% for 6 months, they sent me a letter saying I can transfer £1000 in october to my Mint card for % for six months, I wont be using my Virgin card again and binning it.
#22
Transferred - had 0 balance on card - saved £190 :)

Voted Hot ;)
#23
Regretted the day I involved MBNA in my finances. Every second week I got a cold call asking about "further services" and "customer satisfaction". Had to threaten the TPS to get them to stop.

And if that wasn't annoying enough I still get pre-printed cheques in the post advising me to use them for my purchases. Takes time to shred all those missives.
#24
MBNA are great :-D

I have about three of their cards.

I have 12 months interest free transferred balance on one MBNA card which ends in FEB 08, and that will be paid off by then. :-D

Previously I had 12 months interest free on a Halifax card which I then transferred to the MBNA.

Could not be happier.

I don't buy anything now unless I can afford to pay it back by next statement. :p

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Top of Page
Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!