MBNA: 42 months 0% on balance transfers (2.79% fee) or 30 months (0.64% fee)
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MBNA: 42 months 0% on balance transfers (2.79% fee) or 30 months (0.64% fee)

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Found 28th Jun 2017
Hi guys

The latest deals from MBNA look pretty hot. There are two options:

MBNA Platinum credit card
0% for 42 months on balance transfers – the longest on the market.
But there’s a 2.79% fee to take into account.
0% on money transfers (to pay off overdrafts, loans etc) for 20 months – but with a 4% MT fee.

MBNA Platinum credit card – handling fee offer
0% for 30 months on balance transfers with a cheap 0.64% fee
0% on money transfers (to pay off overdrafts, loans etc) for 24 months – but with a 4% MT fee.

The standard APR on both cards is 18.9%

Why I like these cards
The first card is the longest balance transfer card on the market at 42 months, edging ahead of Halifax and Sainsburys at 41 months. So go for it if the extra month will make a difference.

If you reckon you can pay off your balance in 30 months, the second card is better as the BT fee is a low 0.64% fee.

What to watch for
In both cases you need to make the transfer within 60 days of getting the card.

Eligibility for this credit card depends on your circumstances and the results of the eligibility check. The APR, credit limit and terms of the offer you get may differ from the example.
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10 Comments
I think existing customers are being offered 38 months (September 2020) at 3% fee for balance transfers and same for money transfers with a 3.5% fee. I bought a car with my money transfer.
Bah - never paid a transfer fee and never will. I generally go for fee free and the swap to another fee free card if I haven't cleared the outstanding balance. I usually flip between Tesco and Halifax cards and get £20 each time from Quidco / Topcashback.
manicmidlander44 m ago

Bah - never paid a transfer fee and never will. I generally go for fee …Bah - never paid a transfer fee and never will. I generally go for fee free and the swap to another fee free card if I haven't cleared the outstanding balance. I usually flip between Tesco and Halifax cards and get £20 each time from Quidco / Topcashback.


Textbook.
manicmidlander

Bah - never paid a transfer fee and never will. I generally go for fee … Bah - never paid a transfer fee and never will. I generally go for fee free and the swap to another fee free card if I haven't cleared the outstanding balance. I usually flip between Tesco and Halifax cards and get £20 each time from Quidco / Topcashback.



Do you close the account after swapping or they'll close it if you don't use it for a while? Just cause I'm thinking that if you have it open after the other's promotional period over and you're about to go back do they still let you get another one on top? Or how you do it? Hope it makes sense what I said, as if you close the account then it will affect credit score.
johnszi23

Do you close the account after swapping or they'll close it if you don't … Do you close the account after swapping or they'll close it if you don't use it for a while? Just cause I'm thinking that if you have it open after the other's promotional period over and you're about to go back do they still let you get another one on top? Or how you do it? Hope it makes sense what I said, as if you close the account then it will affect credit score.


I close the account after I've cleared it or transferred it to a 0% balance transfer card. Just make sure you set up a direct debit for the minimum payment as soon as you open the card account. That why you'll never (hopefully) miss a payment. This process is called "stoozing". It shouldn't affect your credit score as your credit record will show that you had a credit card and you made all the payments on time. This process works for me but it's not financial advice. Used correctly 0% purchase and balance transfer cards are great. Just remember you need to pay it back. It's also worth using the card eligibility tool on the money saving expert website to see which card you are likely to be eligible for. As mentioned this does not constitute financial advice.
johnszi23

Do you close the account after swapping or they'll close it if you don't … Do you close the account after swapping or they'll close it if you don't use it for a while? Just cause I'm thinking that if you have it open after the other's promotional period over and you're about to go back do they still let you get another one on top? Or how you do it? Hope it makes sense what I said, as if you close the account then it will affect credit score.



​Why should closing an account affect credit score?
It does. If you close a credit card after you paid off your credit score goes down, two of my friend had it, that's why I was asking how manicmidlander does it. If you don't touch the card after a while the company cancel it apparently so it won't affect anything.
MBNA are the best by far. and always send new offers out all the time and always putting up your credit limit. and you can hold more than one MBNA credit card.
cnta20 h, 29 m ago

MBNA are the best by far. and always send new offers out all the time and …MBNA are the best by far. and always send new offers out all the time and always putting up your credit limit. and you can hold more than one MBNA credit card.


I had no problems with them either
£20 cashback on transfers of £1000 and over at the minute too (certainly with the 0.64% offer anyway)
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