MBNA launches new 20-month zero per cent balance transfer deal

The MBNA credit card offers zero per cent interest on balance transfers and money transfers for 20 months from the date the account is opened.

To qualify for the 20-month offer, balance transfers and money transfers will need to made within the first 60 days of opening the account (a 2.99 per cent handling fee applies to balance transfers, and a 4.00 per cent fee applies to money transfers).

The card also offers zero per cent on purchases for three months from the date the account is opened.

The MBNA Credit Card has a representative rate of 16.9% APR variable.

Michael Donald, Business Development and Commercial executive for MBNA, said:

"We are committed to delivering a range of competitive new products for UK consumers. This new 20-month offer demonstrates that, and we hope people consider MBNA credit cards when they are deciding on a credit card to suit their needs.

"We continue to offer money transfers for new customers on promotional rates, which enable them to transfer some of their credit limit, for a fee, into their current personal accounts in order to assist with paying some, or all, of any other higher interest-bearing debts they may have."