Bank of America subsidiary MBNA has launched
a
new Platinum credit card just weeks before the change in the
payment allocation process. The new card and process change combined
are a formidable combination that could see customers reduce debts
quicker and accrue less interest.
*If you make a balance or money transfer in the first 90 days from
getting your Platinum card account, you’ll receive a pretty impressive
1.9% interest on the balance for 12 months and there’ll be absolutely
no handling fee. As well as this, card-holders will be able to relax
when purchasing knowing that the standard rate of interest for card
purchases 16.9% APR (typical) variable, is well below the industry
average.
Those wanting to
apply
for the new credit card can only do so online
http://www.mbna.co.uk
and when asked about the new offering: Will Curley, of Bank of America
Europe Card Services, said: “MBNA is delighted to be launching this
market-leading product, which offers no handling fees on balance and
money transfers and a low rate for 12 months if they are made in the
first 90 days.”
“We know this is product will appeal to many of our customers,
particularly those looking to pay down their debts over a short period
with lower fees, and we will continue to offer more value and choice
among our
best
UK credit card deals.”
As if the impressive zero fee on transfers, low interest rates and MBNA
customer service wasn’t enough; from 1st September payments to MBNA
cards will go towards clearing your most expensive debts first. This
means debts are cleared quicker and at less cost. The new Platinum card
from Europe’s biggest card provider is going to be tough to resist and
beat.
