Want to quickly apply for a credit card that offers low-interest rates? By applying for any of the MBNA Credit Cards, you can enjoy low interest rates and access to promos and discounts without having to jump through hoops. Read on to know more about the wealth of perks an MBNA Credit Card can give you and how you can apply for one…
MBNA Credit Card Features
MBNA offers a wide range of cards that fit the different needs of customers. Some of them are ideal for entrepreneurs and executives, while others work best for personal use. There are cards for balance transfer, money transfer and purchases. Each of these cards has its unique set of perks and features. Carrying either the Visa or Mastercard logo, all these cards can be used to purchase goods and services around over the world.
Let’s take a look at one of MBNA’s popular offerings for cost-conscious consumers – the MBNA Low Rate Credit Card. This is perfect for conservative spenders who want to manage their monthly budgets…
MBNA Low Rate Credit Card Features & Benefits
As its name suggests, this credit card lets holders spread payments over a longer term (up to four years) at a low interest rate. What’s more, you can make your re-payments conveniently via debit card and other methods.
Being a card for people who want to maximize their budget, MBNA also offers tons of promotional offers on various purchases. These may include cash rewards and discounts to your succeeding purchases.
When you’re busy and on the go, this credit card is a breeze. To make purchases at POS terminals, simply tap and go using the cards’ contactless technology or add it to a mobile wallet for convenience.
MBNA also has an informative website that provides a wealth of information about credit. The company is committed to educating their clients about managing their finances. It also has a reliable support team to deal with customer inquiries and concerns immediately.
Moreover, using the MBNA mobile app, you can keep track of your transactions. With this technology, cardholders can easily monitor their expenses and budget. What’s more, they can also use the app to make payments.
How to Apply for an MBNA Credit Card
To apply for an MBNA credit card, you need to pass the online screening process to be qualified. If you’re interested, fill out the online eligibility form on the MBNA website before applying online. This won’t hurt your credit score if you are not eligible.
MBNA requires you to be 18 years or older, a permanent UK resident for at least three years with proof that you earn at least £20,000 annual income.
If approved, your credit limit will be determined by the bank, depending on your financial standing. Initially, this may be anywhere from £250 to £2,000 with the opportunity to increase this later on.
APR & Fees
MBNA card fees vary depending on card type. Let’s take a look at the Low Rate Credit variant again.
- Annual Fee: NO annual fee
- Interest Rate: Introductory interest rate is 4.9% per year for purchases, balance transfers and money transfers over 48 months. Over the long-term, the interest will be adjusted to 8.9%.
- Representative APR: 8.9% pa.
- Annual Interest on Cash Advances: 27.9%
- Late Payment Fee: £12
- Overlimit Fee: £12
MBNA Address & Contact Details
Address: Cawley House, Herons Way, Chester Business Park, Chester CH4 9FB, United Kingdom
To get in touch with MBNA, call 03456 062 062 (or +44 1244 659 005 from outside the UK).
Overall, MBNA has done a great job in providing a low-rate everyday credit card for people who just need some extra help with big ticket purchases. If you’re looking for a credit card that can help support you without costing a fortune or requiring you to meet strict prerequisites, an MBNA credit card is a reliable option to look into. Apply today!
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.