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MBNA Removes Transfer Fee* On New Platinum Credit Card

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.

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