MBNA Launches Longest Ever Balance Transfer Offer

CHESTER, England, March 16, 2011 /PRNewswire/ --

MBNA today (Wednesday, 16 March) launches its longest ever balance transfer offer for new customers in the UK.

The MBNA Balance Transfer credit card offers 0% on balance transfers for 18 months from account opening (when made within the first 60 days), with a 2.88% handling fee.

The MBNA Balance Transfer credit card also offers 0% on card purchases for the first three months. The card has a representative rate of 16.7% APR variable.

Will Curley, product executive for MBNA, said: "This is our longest ever balance transfer offer and one of the longest balance transfer credit card deals in the UK. Once again, we are demonstrating our commitment to developing and delivering market leading products to our customers.

"We will continue to build products which offer our customers 'best in class' choice and find the great value they want to serve their needs."

The announcement follows the launch, last week, of MBNA's first cash back credit cards in the UK; enabling customers to earn an unlimited amount of cash back for their card purchases.

The new balance transfer credit card will be contactless-enabled (click here (http://www.mbna.co.uk/understanding-credit/contactless/index.html) for details) and is available now on MBNA's website: http://www.mbna.co.uk.

About MBNA Europe Bank

MBNA Europe is a wholly owned subsidiary of Bank of America Corporation (NYSE: BAC) and is the recognised leader in affinity marketing.

For more information, visit the company's website at http://www.mbna.co.uk or Bank of America's website at http://www.bankofamerica.com.

Editor and supplementary notes:

The information contained in MBNA Europe's press releases is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in finding out more about any of MBNA Europe's products should visit http://www.mbna.co.uk for full terms and conditions.