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Excellent new 0% balance transfer deal from MBNA

19-month interest-free period on MBNA credit card

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MBNA now offers a 19-month 0% balance transfer deal with a 2.5% handling fee on transfers made within 60 days 

MBNA has extended the 0% balance transfer deal on its Platinum Visa credit card to 19 months, as well as offering a below-average handling fee of 2.5%.

The reduced balance transfer fee applies on transfers made within 60 days of opening an account. MBNA’s main rival Barclaycard is the only credit card provider to offer a longer 20-month 0% deal, but charges a higher transfer fee of 3.2% (or 2.9% on its 19-month deal).

The MBNA card comes with a mid-market APR on purchases of 16.7%, making this card uncompetitive for spending.

Which? credit card expert Bobby Nicholls commented: ‘It is great to see a good 0% deal that doesn’t charge an inflated balance transfer fee. However, make sure you pay back any outstanding balance before the end of the 0% deal as any remaining transferred balance will revert to a higher headline rate of 18.8% at the end of the deal.

‘If finding a card provider with good customer service is more important to you than the 0% deal, then MBNA’s score of 51% in our credit card satisfaction survey makes it an unsuitable choice for you. Our Best Rate 0% balance transfer credit cards include competitive deals from other providers such as Which? Recommended Providers Capital One and Nationwide BS.’ 

Which? Best Rate credit cards

If you need advice to help you choose the best credit card for your needs, read the free Which? guide to choosing a credit card.

Once you know the best type of card for you, check out Which? Best Rate credit cards to find the most competitive deal available today, whether it’s a 0% balance transfer card, a cashback card or the longest 0% on purchases deal.

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