Check Eligibility for the MBNA Low Fee Balance Transfer Card

MBNA Low Fee Balance Transfer Card

£20 Cashback

£20 cashback if you make a balance or money transfer of at least £1000 within the first 60 days of opening your account. This is a limited time offer. T&Cs apply.

Balance Transfer offer duration

28 mths

Transfer Fee

1.5%

Representative % APR (variable)

21.9% APR

You'll save £792

Check My Eligibility

Representative Example

If you spend £1,200 at a purchase interest rate of 21.94% p.a. (variable) your representative APR will be 21.9% APR (variable)

What's Good

0% interest for up to 28 months on balance transfers made within the first 60 days, then 21.94% p.a (variable)

0% interest for up to 12 months on money transfers made within the first 60 days, then 21.94% p.a (variable)

Contactless payment technology means quick, secure tap and pay on small items

You can transfer up to 93% of your credit limit

What's Bad

Can't transfer between MBNA accounts

The product, APR and promotional offer you could get may vary from the example based on your circumstances and the results of MBNA's eligibility check

High money and balance transfer fee when introductory period ends of 5%

Features

0% interest for up to 28 months on balance transfers made within the first 60 days, then 21.94% p.a (variable). (1.5% transfer fee in the first 60 days, then 5%)

0% interest for up to 12 months on money transfers made within the first 60 days, then 21.94% p.a (variable). (4% transfer fee in the first 60 days, then 5%)

Eligibility

Must be over 18 years of age

Must have a good credit history

Must hold a UK Bank/Building Society Account

Must have had a UK permanent address for at least three years

Calculate your savings

Savings Calculator

Amount

How much would you like to transfer?

Repayments

How much can you repay monthly?

% APR

What's your current card's APR?

Update Savings

You'll save 792

See how we calculate this

Your savings

Interest savedInterest savedThe interest saved over the length of the 0% deal compared to borrowing on a card with your current APR (over the 0% period)

£837

Transfer feeTransfer feeThe one off handling fee that you will have to pay if you transfer a balance

£45

Annual feeAnnual feeSome cards charge an annual fee, although the majority are fee free

£0

You'll save

£792

We calculate the interest you would save by holding your balance on the new 0% interest card instead of your current card, taking into account the transfer fee, over the length of the 0% offer.

We assume you won’t do any spending on the card as this is usually charged at a different rate. For a full list of assumptions click here

Rates and Fees

Balance Transfer Offer

Intro Rate

0 %

Duration

28 months

Transfer Fee

1.5 %

Purchase Offer

Intro Rate

n/a

Duration

n/a

Annual Interest Rates

Balance Transfers

21.94 %

Purchases

21.94 %

Cash Withdrawals

21.94 %

Other Key Facts

Annual Fee

£0

Cash Advance Fees

5 %

Minimum Age

18 years

Minimum Income

Not Specified

Overseas Transaction Fee

2.95 %

What does 'pre-approved' mean?

Pre-approved means you will get accepted for the card, and at the rate advertised, providing the information you give is accurate and you pass the lender's checks (which may include a responsible lending check using open banking information).

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