MBNA 0% Transfers and Purchases credit card review

2 min Read Published: 26 Oct 2020

MBNA 0% Transfer and Purchase credit card review In this article, we are reviewing the MBNA 0% Transfer and Purchase credit card, which stands out for its long interest-free periods on not only balance transfers and purchases, but also money transfers

Key facts about MBNA 0% Transfer and Purchase credit card

  • Best for: Those looking for a multipurpose card that includes a money transfer feature
  • Introductory offer: Interest free for 18 months on balance transfers and purchases and 12 months on money transfer, all completed within the first 60 days after opening the account
  • Representative APR: 20.9%
  • Fees: 2.89% on balance transfers and 4% on money transfers
  • Perks: No perks or benefits, but balanced out by good interest-free periods and reasonable APR after the introductory period

Pros of MBNA 0% Transfer and Purchase credit card

  • It offers an extra function to many all-round cards with the inclusion of money transfer
  • Its interest-free periods stack up well against its rivals
  • Although MBNA is part of Lloyds Banking Group, alongside Lloyds Bank and Halifax, balance transfers from those providers are accepted to this MBNA card

Cons of MBNA 0% Transfer and Purchase credit card

  • It doesn't offer any perks, so if features like cashback or discounts are important to you, other cards might be better
  • The transfer fees are quite high, especially when there are fee-free options available, albeit often with less favourable terms on the length of the introductory offers
  • After the first 60 days, any purchases, balance transfers or money transfers won't be interest-free

How to manage your payments on MBNA 0% Transfer and Purchase credit card

MBNA has online and mobile accounts, so you are able to manage your card easily

How to apply for the MBNA 0% Transfer and Purchase credit card

MBNA has a 'Clever Check' system, which assesses applicants eligibility for its whole range of cards, as well as the potential credit limit, without leaving a hard footprint on your credit file

Alternatives to the MBNA 0% Transfer and Purchase credit card

For other options, read our article "Best credit card in the UK"

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