MBNA is getting ready to kick butt with a new “comparison table-busting” credit card with a long-term low rate and no fees for using it in the UK or abroad. The MBNA Everyday Plus American Express Credit Card is here.
The new card offers
· A simple long-term low rate of 7.4 per cent for eligible new customers*.
· No credit card handling fees in the UK or abroad – all fees for money transfers, balance transfers and ATM usage in the UK and abroad have been removed.
· No foreign exchange transaction fees.
· No annual fee.
· Access to a range of everyday offers and benefits from American Express.
As with all MBNA-backed cards, the Everyday Plus American Express Credit Card is compatible with Apple Pay and is contactless technology-enabled.
MBNA’s eligibility check allows customers to check how likely they are to be accepted for the card before completing the full application.
7.4 per cent p.a. (variable) on all card purchases
Equivalent to 7.4 per cent APR representative (variable)
Based on a credit limit of £1,200
Alternative products at either 9.9 per cent or 12.9 per cent APR may be made available.
Headquartered in Chester for over 20 years, MBNA Limited is a wholly owned subsidiary of Bank of America.
For data, background and forecasts on American Consumers: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).