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MBNA Long 0% Balance Transfer Card: A No-Fee Option
With a 0% intro period over 20 months and a quick transfer process, it's ideal for clearing debt fast. Just watch for the 24.9% APR after.
The Quick Version
MBNA's Long 0% Balance Transfer Card is perfect if you're aiming to consolidate debt without paying interest for over 20 months. It charges no annual fee, but be wary of the 24.9% APR that kicks in afterward. Transfer fees start at 2.99%, and minimum transfers are £100. Plan to clear your balance before the zero-interest period ends.
Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.
MBNA Long 0% Balance Transfer Credit Card
No annual fee and long 0% intro period make it a solid debt solution.
MBNA Long 0% Balance Transfer Credit Card
Fees & Rates
The MBNA card stands out with a 0% introductory APR on balance transfers for over 20 months, according to source. After the intro period, the representative APR jumps to 24.9%. While there's no annual fee, transfer fees start at 2.99%. Note, there are no rewards or cashback incentives with this card.
What's Actually Good
The main draw here is the long 0% balance transfer period, which can be over 20 months, allowing you to pay down your debt interest-free. The quick processing time for transfers (next working day) is also a plus. With no annual fee, this card focuses on reducing debt costs.
The Catch
Once the introductory period ends, you're hit with a 24.9% variable APR, which is hefty if you haven't cleared your balance. There's also no rewards program, so if you're looking for perks, this isn't the card for you. Plus, not everyone will qualify for the advertised rates; your eligibility depends on your credit score, which should be good to excellent (700+).
This Card Is For You If...
This card is best for those with a good to excellent credit score (700+) who need to consolidate debt and can pay it off within the 0% APR period. It's not for anyone looking to earn rewards or cashback.
The Bottom Line
Choose this if you want to tackle existing debt with a long 0% period and no annual fee. Avoid if you carry a balance beyond the intro period, as the 24.9% APR will sting. For those seeking rewards, look elsewhere.
Looking for something with perks? Check out the Halifax World Elite Mastercard: Worth the £180 Annual Fee?
