MBNA Launches Two New Cash Back Credit Cards to Enable Customers to Earn as They Spend

CHESTER, England, March 11, 2011 /PRNewswire/ -- MBNA today (Friday, 11 March) announces the launch of its first cash back credit cards for UK customers.

The two new cards - the MBNA American Express(R) Credit Card with cash back and the MBNA Visa Credit Card with cash back - offer customers the opportunity to earn as they spend through leading cash back deals.

Will Curley, product executive for MBNA, said: "With fuel and shopping costs continuing to rise, we want to give our UK customers greater value when using their credit cards for every day spending.

"These cards have no annual fees and no limit on the amount of cash back our customers can earn for their card purchases."

MBNA American Express(R) Credit Card with cash back

The card offers unlimited cash back at 1.5% on purchases at most major supermarkets and petrol stations and 0.75% on all other card purchases.

MBNA Visa Credit Card with cash back

The card offers unlimited cash back at 1.25% on supermarket and fuel purchases and 0.5% on all other card purchases.

Both cards have a representative rate of 18.9%APR variable.

Mr Curley added: "We are constantly searching for ways to bring greater choice and value to the UK credit card market; these two new products reinforce that commitment."

The product is available now. Customers can call now to apply on 0800-068-8788

The products will be available online at http://www.mbna.co.uk from March 16th 2011.

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.