MBNA 0% Transfers and Purchases credit card review

2 min Read Published: 07 Jun 2021

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 20 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: 21.9%.
  • Fees: 2.99% on balance transfers and 21.93% on money transfers after 12 months.
  • 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 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