£10 Amazon credit and 9 months interest free balance transfers with Amazon credit card (MBNA)
-48°Expired

£10 Amazon credit and 9 months interest free balance transfers with Amazon credit card (MBNA)

12
Found 21st Jun 2011
Not sure where to put this so it's gone in freebies for now. If its in the wrong place could a mod or helper move it? Thanks


Worth it for the £10 credit IMO, just leave the credit card in the draw (or cut it up)

Added bonus of 9 months interest free balance transfer from another card (2.5% handling fee), or apply funds directly to your bank account (4% handling fee).

Also 9 months interest free on all purchases

Card is with MBNA

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The Amazon.co.uk MasterCard

0% on ALL purchases for 9 months from the date your account is opened¹

A £10 Amazon.co.uk Gift Certificate will instantly be loaded into your Amazon.co.uk account upon the approval of your credit card application²

0% on all balance transfers for 12 months (2.5% handling fee). For this great rate your balance needs to be transferred within the first 90 days of the account opening

0% on money transfers from your credit card to your current account for 12 months (4% handling fee). Remember for this great rate you need to transfer money within the first 90 days of your account opening

Representative example: 16.9% p.a.(variable) on card purchases. This is equivalent to 16.9% APR representative (variable) based on a credit limit of £1200

Earn 1 Loyalty Point for every £1 spent at Amazon.co.uk and 1 Loyalty Point for every £2 spent elsewhere³

For every 1,000 Loyalty Points that you earn, you will automatically be emailed a £10 Amazon.co.uk gift certificate

Online Card Services: This account is set up with paperless statements. To access your statement simply register with Online Card Services, where you'll also be able to check your balance, transaction history, view your pin, manage your direct debits/balance transfers and much more

Contactless payments; You can now pay quickly and securely for purchases of £15 and under without entering your PIN. You will receive more details with your card

12 Comments

2.5% handling fee - 5 times base rate

Another credit card to screw up you credit ratings...

Original Poster

TiscaliSurvivor

2.5% handling fee - 5 times base rateAnother credit card to screw up you … 2.5% handling fee - 5 times base rateAnother credit card to screw up you credit ratings...



2.5% handling fee may be 5 times more than base rate, but if you are paying 20% (40 times base rate) on your overdraft its worth it. If you are not,perhaps this isn't for you? (Or find a high interest saver, but the returns on that may be negliable)

And not entirely sure on this, but won't it only screw your credit rating up if you are late with payments etc?

Fianlly, there's a free £10 Amazon gift voucher. Guess it depends mainly on how credit ratings work as to whether thats worth it, but as I said I can't see it doing much damage. Willing to be corrected

The issue is that the credit cards and their limits accunulate and when you need credit you suddenly appear capable of being in debt even though you have no outstanding budget not to mention identity theft - the more cards the more to manage and watch - the higher the risk

TiscaliSurvivor

The issue is that the credit cards and their limits accunulate and when … The issue is that the credit cards and their limits accunulate and when you need credit you suddenly appear capable of being in debt even though you have no outstanding budget



I'm not sure that is true - having taken Experion's Free 30 Day Offer, I saw the total amount of credit available to me, AND the important part in helping to determine my Credit Rating (relative risk) what what proportion of that total I was actually using.

As an imaginary example - say I previously had £5,000 in avaliable credit over a number of cards and my overall endebtedness was £1000 - that give me an endebtedness ratio of 20%. If I applied for a further card, got an additional £2000 in available credit but didn't use it.........then my endebtedness drops to 14.2% (£1000 of £7000). I appear a 'more careful' user of the total credit available to me and my Credit Rating would actually rise. Thus on further occasions when I REALLY needed credit for something, I look a better candidate.

As regards Identity Theft.......if you do as OP suggests and never use the card, but instead leave it in a drawer, then I can't see many additional opportunities to have your identity stolen. The card is never 'out there' to have it's details nicked



Edited by: "ianidall" 21st Jun 2011

gettin cold in here

Banned

There are better deals out there for credit cards
Do your own research

Didnt the Op say cut up the card and just use for 10 quid voucher?

ianidall

I'm not sure that is true - having taken Experion's Free 30 Day Offer, I … I'm not sure that is true - having taken Experion's Free 30 Day Offer, I saw the total amount of credit available to me, AND the important part in helping to determine my Credit Rating (relative risk) what what proportion of that total I was actually using.As an imaginary example - say I previously had £5,000 in avaliable credit over a number of cards and my overall endebtedness was £1000 - that give me an endebtedness ratio of 20%. If I applied for a further card, got an additional £2000 in available credit but didn't use it.........then my endebtedness drops to 14.2% (£1000 of £7000). I appear a 'more careful' user of the total credit available to me and my Credit Rating would actually rise. Thus on further occasions when I REALLY needed credit for something, I look a better candidate.As regards Identity Theft.......if you do as OP suggests and never use the card, but instead leave it in a drawer, then I can't see many additional opportunities to have your identity stolen. The card is never 'out there' to have it's details nicked



It's not quite so simple as using those ratios I'm afraid. You credit rating will take a hit if you have an excessive amount of unused credit available to you for example (in relation to your annual income). That's why it's suggested you close credit lines you no longer have any intention of using, when you no longer need them. You also have to be careful not to close too many credit lines at the same time though as that will also have a detrimental impact on your credit rating.

Edit: this site is **** horrendous to use when you want to accurately quoting posts. Sort it out.

Edited by: "joeybutterface" 21st Jun 2011

It doesn't seem that bad a card anyway. If I went for this it'd completely replace my Barclaycard, as it has better cashback and a better rate (not that I ever pay interest). Currently I've accumulated a whopping 8p cashback on that card, as it's only retailers that I never buy from, whereas Amazon I use a lot...

you

TiscaliSurvivor

2.5% handling fee - 5 times base rateAnother credit card to screw up you … 2.5% handling fee - 5 times base rateAnother credit card to screw up you credit ratings...



their handling fee has absolutely nothing to do with base rate.... you could just as easily say that VAT is 40 times base rate.... means just as much. As for credit ratings, as a previous poster said you only get a bad credit rating if you miss payments. Most finiancial advisors will say to have a credit card is not a bad thing to make an occasional purchase and then pay it off as it will then show you as a person has a credit history and can be trusted to pay back debt. If you apply with no credit history it will be more difficult to get a loan/mortgate with no credit history comparted with the person who always paid back their £20 a month minimum for whatever they have bought.

That being said, for the £10 credit alone its not a bad deal so have some heat.

Original Poster

That being said, for the £10 credit alone its not a bad deal so have some … That being said, for the £10 credit alone its not a bad deal so have some heat.



Thanks. Not sure why this is cold - the Barclaycard deal with a handling fee of 2.9% got megaheat (590 odd) although admittedly that was over 18 months so was a better bet for balance transfers (although only 3 months 0% on purchases and transfer to bank account not available). That deal is still active btw, marked as expired

hotukdeals.com/dea…856

having taken Experion's Free 30 Day Offer


I might have to have a look at that, always assumed as I had no CCJs or bad marks etc I didn't really need to see it. By the sounds of it, it may well be an interesting read.

There are better deals out there for credit cardsDo your own research



Agreed (if you mean length of interest free credit?). But a free tenner (in amazon credit) and 0% interest...........might appeal to some I thought. Judging by the heat (or lack thereof) I was obviously wrong
Edited by: "Johnboy_1975" 22nd Jun 2011

I got this when i bought La Noire got a TENNER off & cut up the card! Gr8 deal if u ask me!
Edited by: "DJRINGLE" 22nd Jun 2011
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