MBNA
Enjoy 36 months at 0% on balance transfers with a competitive 2.99% fee. Representative APR is 24.9%. Transfers within 60 days. New customers only.
Introducing the MBNA 0% Balance Transfer Card
If you’re looking for a way to manage existing credit card debt, the MBNA balance transfer card could be ideal. This card offers a guaranteed 36 months of 0% interest on balance transfers, giving you extra breathing space to pay down balances.
Approved applicants will get a competitive 2.99% balance transfer fee. All transfers must be completed within the first 60 days to benefit from the promotional rate. The representative APR is 24.9% variable, calculated on a borrowed sum of £1,200.
Aside from the main transfer offer, MBNA also provides up to 9 months at 0% on money transfers (with a 4% fee), which can be useful if you need flexibility in how you use funds.
This offer is available only to new MBNA customers, and all applications are subject to status and eligibility checks.
Always ensure you make at least the minimum monthly repayments to retain the 0% promotional rate and keep your credit score healthy.
How to Apply Step by Step
Applying for the MBNA 0% Balance Transfer Card is straightforward. Start by checking your eligibility to see if you’re likely to be accepted without a hard search impacting your credit score.
Next, compare the details and ensure this card suits your needs. If you decide to proceed, fill in your personal details on the application page and submit your request.
After submitting, MBNA will conduct their necessary checks. You may receive an instant online decision, though in some cases it might take a few working days.
If approved, you’ll receive your card and PIN by post typically within 10 days. You’ll need to activate the card before you can use it.
Remember to complete your balance transfer within the first 60 days to access the full 0% offer period.
Key Pros of the MBNA Card
The extended 0% interest period is a major advantage, allowing cardholders to clear existing balances without the pressure of accruing interest. The 36-month length is generous compared to market averages.
An added benefit is the inclusion of a money transfer feature, also at 0% for up to 9 months, giving you greater flexibility if you need funds in your bank account.
Potential Cons of the MBNA Card
There is a 2.99% transfer fee, which might be a consideration if moving large sums. Additionally, once the introductory 0% period ends, a variable APR of 24.9% applies on any remaining balance.
All transfers must be completed in the first 60 days to qualify, so organisational timing is required. New customers only can apply, limiting eligibility.
Verdict: Is the MBNA 0% Balance Transfer Card Right For You?
If your primary goal is to manage and pay down existing credit card debt over a long window with zero interest, MBNA’s card is a strong contender. The lengthy 36-month 0% term gives plenty of time to reduce balances effectively.
However, always factor in the transfer fee and your repayment discipline, as interest rates rise sharply after the promotional period. Overall, it’s a flexible, straightforward option for those serious about debt repayments and financial stability.
