MBNA Offering 4.9% APR for 4 Years on Their Low Rate Credit Card

MBNA releases a Low Rate Credit Card which offers a 4.9% APR. Interested applicants and future cardholders can gain access to this low rate for up to 4 years, allowing them to spread their costs over a long-term, low-interest period.

The MBNA Low Rate Credit Card also provides promotional offers on purchases as well as balance and money transfers. Apart from this offering, cardholders are also entitled to low transfer fees. The introductory interest rates of 4.9% offered under this credit card are valid on transfers and card purchases made in the first 60 days. After the initial introductory period, however, a slight increase to 8.9% on the interest rates will be implemented.

Under this credit card, users can make big-ticket purchases or transfers, allowing them to manage their monthly budget, expenses, and ultimately simplify their costs.

Powered by Visa, the Low Rate Credit Card by MBNA is accepted worldwide. Contactless payments, paperless statements, and mobile banking services are also offered under this credit card.

Application and Qualification

Interested cardholders can apply for the MBNA Low Rate Credit Card online. However, with the constant updates being done on the company website, users can start only checking their eligibility from the 27th of February 2019. It’s best to note that applicants must at least be 18 years of age and a resident of the United Kingdom to apply. A good credit history is also key to being approved for this credit card.

Those who intend to proceed with their application will need to provide proof of address and employment and salary information. The credit limit starts from £100.

Other considerations that need to be factored in prior to the application includes the bank’s fees and charges. Cardholders should take note that whilst there are no annual fees, there is a cash advance fee of 5% and a foreign usage charge of 2.95%. Delayed payments and over-limit fees will also be charged £12 each accordingly.

RELATED ARTICLES

Program for an Electric Vehicle Tax Credit for Union-Built Vehicles
Credit

Program for an Electric Vehicle Tax Credit for Union-Built Vehicles Faces Obstacle

House Democrats' plan to provide customers with an additional option to encourage union-built vehicles has sparked controversy and discussion among legislators, manufacturers, and other parties. The House Ways and Means Committee last week cleared the tax breaks for consideration in the Democrats' $3.5 trillion budget bill measure, despite vocal objections...
Williams-Sonoma Key Rewards Credit Card Program
Credit

Williams-Sonoma and Capital One Introduce The Key Rewards Credit Card Program

Williams-Sonoma, Inc., a leading American home retail company, revealed that it has partnered with bank holding company Capital One to introduce the Key Rewards Credit Card Program. The company’s top-level Key Rewards program is upgraded with new credit cards. Cardholders can accumulate rewards when they shop at Williams Sonoma, Inc....
Federal Bank Credit Cards In Partnership With Visa
Credit

Federal Bank Introduces Credit Cards In Partnership With Visa

Federal Bank has announced the introduction of its credit card in India. To offer credit cards to its current clients, the private banking company has collaborated with Visa, the worldwide financial services corporation. As per Shyam Srinivasan, Managing Director and CEO of Federal Bank, the issuance of the card would...
Wells Fargo Personal Credit Lines Closure Plan
Credit

Wells Fargo Drops Personal Credit Lines Closure Plan

Wells Fargo & Co. sparked a public outcry when it announced plans to phase down personal lines of credit in July, but the firm will reverse direction on August 18, 2021. Customers who have been using their personal credit lines have just received notice from the San Francisco-based lender...
Universal Credit Human Rights Legislation
Credit

The Reduction in Universal Credit Violates Human Rights Legislation

According to the UN's poverty expert, reducing universal credit by £20 per week is an "unjustifiable" decision that violates human rights law and would certainly lead to an expansion of poverty. The retreat of the £1,000-a-year uplift from next month, according to Olivier De Schutter, the UN-appointed chair of the...
Credit Cards Dark Web Data Leak
Credit

Hackers Leak 1M Credit Cards on the Dark Web

One million stolen credit cards have been posted by hackers on the Dark Web through AllWorld.Cards. The act was reportedly done by cybercriminals in an attempt to promote their activities and operations, as well as make their organization known. The leaked credit card information was discovered by cybersecurity researchers from...
Carter’s Child Tax Credit May Boost Children’s Apparel Business
Credit

Carter’s Says Child Tax Credit May Boost Children’s Apparel Business

Carter’s, an American retailer for children’s apparel, says that with the new child tax credit rolling out across the United States, and as the usual shopping for back-to-school resumes, the company is confident about its opportunities. To meet the consumers’ demand, the company is being compelled to pay extra to...
Younited Credit Yields Million in Fund
Credit

Younited Credit Yields $170 Million in Fund Round

Younited Credit, a France-based company, has secured $170 million in fund round. Consumers in Europe can choose from a variety of credit options offered by the startup. It also employs a multi-distribution method. The funding round, which is led by Goldman Sachs, has participants including existing investors such as Bpifrance,...
Sterling Construction Modifies Credit Agreement
Credit

Sterling Construction Modifies Credit Agreement with BMO Harris Bank

Sterling Construction Company, Inc. has modified its current credit agreement with BMO Harris Bank, its lending group. It has revealed that numerous terms of the agreement are revised. Two of the terms include lowering the existing credit agreement borrowing interest rate by 2% points and reducing the credit agreement's future...