MBNA Balance Transfer Existing Customers

What are the MBNA balance transfer existing customers offers in 2020? Are there any MBNA existing customer balance transfer deals? What are the current MBNA offers for existing customers?

All of the above, are popular questions on the topic of a MBNA balance transfer for existing customers. We have seen a steady increase in the number of UK customers, looking for answers on this subject, over recent months.

MBNA Offers For Existing Customers

Some carefully selected MBNA existing customers have, on occasion, received an additional balance transfer offer.

These customers are likely to have had a MBNA credit card for several years and have an excellent payment history. Customers will receive this MBNA existing customers transfer offer, either by post, or in their online credit card account.

These MBNA promotional offers for existing customers can only be used by the specific customer. These special offers are not available to all MBNA existing customers.

The MBNA offers for existing customers have in the past been 0% for up to 12 months. This is much a shorter balance transfer offer than is available on the current leading UK balance transfer cards.

It is not yet clear whether the purchase of MBNA, by Lloyds Banking Group, will reduce, or stop, these MBNA transfer offers for existing customers in the future.

MBNA Balance Transfer Existing Customers

Many MBNA customers in the UK, will not receive a MBNA existing customers balance transfer offer. In this case, a large number of alternative 0% balance transfer credit cards are available from other card companies.

The following popular featured 0% balance transfer credit cards will all accept a MBNA existing customer’s balance transfer :-

Card Offers

HSBC Balance Transfer*

Balance Transfers:

0% for 25 Months

Balance Transfer Fee:

1.5%

Purchases:

0% for 3 Months

Representative APR:

21.9% APR (variable)

Card Details

HSBC Balance Transfer*

• 0% interest on balance transfers for 25 months made within first 60 days of account opening
• 1.5% balance transfer fee (minimum £5)
• 0% interest on purchases for 3 months from account opening
• At end of promotional period, balance transfers and purchases will revert to standard variable rate
• home&Away rewards programme giving you instant discounts from well-known brands
• Online account management
• Annual Fee: None

Application Criteria

HSBC Balance Transfer*

• You have an annual income or pension before tax of £8,500 or more
• You are a UK resident
• You are aged 18 or over
• You do not hold an HSBC Basic bank account

Card Offers

M&S Transfer Plus*

Balance Transfers:

0% for 28 Months

Balance Transfer Fee:

2.85%

Purchases:

0% for 6 Months

Representative APR:

19.9% APR (variable)

Card Details

M&S Transfer Plus*

• 0% for 28 months on balance transfers made within 90 days of account opening
• 2.85% balance transfer fee, minimum £5
• 0% on purchases for 6 months from account opening
• Collect M&S points every time you shop anywhere in the world with your card
• Preferential rates when you use your card to order M&S Travel Money
• Manage account online
• Annual Fee: None

Application Criteria

M&S Transfer Plus*

• You are a UK resident
• You have a UK bank or building society account
• You are aged 18 or over
• You have not held a credit card with M&S Bank within previous 12 months

Card Offers

Nationwide Member Credit Card*

Balance Transfers:

0% for 18 Months

Balance Transfer Fee:

1.5%

Purchases:

0% for 3 Months

Representative APR:

19.9% APR (variable)

Card Details

Nationwide Member Credit Card*

• 0% on balance transfers for 18 months if made within 90 days of account opening
• 1.5% balance transfer fee within first 90 days, after that 2.4% fee applies, minimum £5
• 0% on purchases for 3 months from date you open your account
• Unlimited commission-free purchases abroad
• Manage account online
• Annual Fee: None

Application Criteria

Nationwide Member Credit Card*

• Must be a Member of Nationwide. This means you already have a current account, mortgage or savings account with Nationwide
• You are a UK resident
• You have a minimum income of £5000 per year
• You have a good credit history
• You are aged 18 or over

Card Offers

M&S Shopping Plus*

Balance Transfers:

0% for 20 Months

Balance Transfer Fee:

2.9%

Purchases:

0% for 20 Months

Representative APR:

19.9% APR (variable)

Card Details

M&S Shopping Plus*

• 0% for 20 months on balance transfers made within 90 days of account opening
• 2.9% balance transfer fee, minimum £5
• 0% on purchases for 20 months from account opening
• Collect M&S points every time you shop anywhere in the world with your card
• Preferential rates when you use your card to order M&S Travel Money
• Manage account online
• Annual Fee: None

Application Criteria

M&S Shopping Plus*

• You are a UK resident
• You have a UK bank or building society account
• You are aged 18 or over
• You have not held a credit card with M&S Bank within previous 12 months

Card Offers

HSBC Purchase Plus*

Balance Transfers:

0% for 18 Months

Balance Transfer Fee:

2.9%

Purchases:

0% for 18 Months

Representative APR:

22.9% APR (variable)

Card Details

HSBC Purchase Plus*

• 0% interest for 18 months on balance transfers made within first 60 days of account opening
• 2.9% balance transfer fee (minimum £5)
• 0% interest on purchases for 18 months from account opening
• At end of promotional period, balance transfers and purchases will revert to standard variable rate
• home&Away rewards programme giving you instant discounts from well-known brands
• Online account management
• Annual Fee: None

Application Criteria

HSBC Purchase Plus*

• You have an annual income or pension before tax of £8,500 or more
• You are a UK resident
• You are aged 18 or over
• You do not hold an HSBC Basic bank account

A MBNA balance transfer for existing customers made from any MBNA issued credit card to another credit card company will generally take no more than a week to complete.

MBNA Balance Transfer

MBNA were one of the largest issuers of credit cards in the UK, until recently, issuing both Mastercard and Visa credit cards. An MBNA balance transfer deal was available on a very large number of UK credit cards.

MBNA issued cards under the MBNA brand, and they also issued a large number of cards for airlines and football clubs, for example. However, all of these football, rugby club and airline credit cards are now no longer available.

As many people will know, like all other UK credit card issuers, MBNA do not allow a balance transfer to be made from one MBNA credit card to another.

This means that MBNA existing customers wanting to make a balance transfer will not be able to make a transfer to another MBNA issued credit card.

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