MBNA has launched a brand-new All Round 30/30 Credit Card.
This deal offers:
0% interest on purchases for up to 30 months.
0% interest on balance transfers for up to 30 months.
0% interest on money transfers (i.e. from overdrafts, loans etc) for up to 30 months.
What to watch out for:
There’s a balance transfer fee of 2.72% – so it will cost you £27.20 to transfer £1,000.
There’s a money transfer fee of 4% – so it will cost you £40 to transfer £1,000.
Purchases after the introductory offers have expired are charged at 19.9% APR.
You need to do balance/money transfers within 60 days of opening the account otherwise you’ll be charged interest and a higher BT fee.
Eligibility 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.
Why I like this card:
I reckon the All Round 30/30 card is a decent everyday card, especially if you have an existing credit card debt to transfer over.
You can check your eligibility before you do a full application.
Obviously, it’s not the best for either balance transfers (you can get 43 months at 0% with Santander) or purchases (you can get 32 months with AA) but it’s one of the best cards offering 0% on both for a decent time period.
There are a couple of other cards also offering 30 months at 0% on both purchases and balance transfers. These include the Post Office Money Matched Mastercard, Sainsbury’s Bank Dual Offer Mastercard, and Santander Everyday Mastercard. What’s best for you will depend on where you’re transferring a balance from – you generally can’t transfer to the same card provider.
All comments (31)
AstalaVista
14 Aug 17#1
Thanks OP. Appreciate the clear description and specifying alternative better options for balance transfers and purchases.
padamowicz93
14 Aug 17#2
Not for people with low credit score, is it?
LeahsMintytoutou to padamowicz93
14 Aug 17#5
I was wondering a similar thing, I have quite good credit but I have a low income so I'm not sure if that will affect me being accepted. I know MBNA used to do cards for low credit score but not sure if they still do.I want to buy some furniture. It seems in my house once one thing goes, one by one, other things start breaking.
Gwadinina
14 Aug 17#3
Thanks OP
CampGareth
14 Aug 17#4
Thanks OP, been looking for something since halifax said they'll change my overdraft fees from £1/day to 1p per £7, so in my case from £30/mo to about £85/mo. Same overdraft fee is happening at Lloyds. At least with a 0% card those payments apply against the balance not the fees.
DrLamok to CampGareth
14 Aug 17#7
Are you overdrawn by £60000 ?
Gormond to DrLamok
14 Aug 17#8
If he is paying £85/month and if we assume a month to be 30 days, that's £2.83/day. Multiplied by 700 (1p per 700p) would then be £1981 overdrawn.
CampGareth to Gormond
14 Aug 17#9
Pretty much, used to be 0% with no fees as I was a student until recently. A balance transfer card would sort all this out though.
Gormond to CampGareth
14 Aug 17#10
Yeah I'm looking for a new 0% card too and this seems like the best deal.
Joemobro
14 Aug 17#6
MBNA is owned by Lloyds Bank now.
thermomonkey
14 Aug 17#11
43 months on balance transfer with Santander? Wow... Thanks OP.
When do you generally become a new customer for these credit card offers? After a year of not being with them?
From_the_Midlands to thermomonkey
14 Aug 17#13
Don't think there's such clause with majority of credit cards. If you're eligible and are accepted for one, you normally get what was offered. Sight variation with Amex, you don't get bonus membership rewards point if you've not been away for 6 months.
jcluk
14 Aug 17#12
Great deal if you take the chance to pay off your debt.
keanepw
14 Aug 17#14
Hot! Shame I've already got an mbna card.
callum84 to keanepw
15 Aug 17#16
If it's the balance transfer your interested in keep an eye on your account and letters. I'm always getting offers in for 24 months interest free balance transfers and cash transfers. No purchase offers though.
From_the_Midlands to callum84
15 Aug 17#17
You can have up to 5 MBNA cards at the same time. The only thing stopping you (if you're accepted) would be if you already have this specific card.
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Opening post
MBNA has launched a brand-new All Round 30/30 Credit Card.
This deal offers:
What to watch out for:
Why I like this card:
I reckon the All Round 30/30 card is a decent everyday card, especially if you have an existing credit card debt to transfer over.
You can check your eligibility before you do a full application.
Obviously, it’s not the best for either balance transfers (you can get 43 months at 0% with Santander) or purchases (you can get 32 months with AA) but it’s one of the best cards offering 0% on both for a decent time period.
There are a couple of other cards also offering 30 months at 0% on both purchases and balance transfers. These include the Post Office Money Matched Mastercard, Sainsbury’s Bank Dual Offer Mastercard, and Santander Everyday Mastercard. What’s best for you will depend on where you’re transferring a balance from – you generally can’t transfer to the same card provider.
All comments (31)
When do you generally become a new customer for these credit card offers? After a year of not being with them?
The only thing stopping you (if you're accepted) would be if you already have this specific card.