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MBNA Balance Transfer Existing Customers

What are the MBNA balance transfer offers for existing customers in 2024? Are there any MBNA existing customer balance transfer deals? What are the current MBNA offers for existing customers, in the UK?

All of the above, are common questions on the topic of a MBNA balance transfer for existing customers. Over recent months, we have seen an increasing number of UK card customers, looking for answers about this subject.

MBNA Offers For Existing Customers

MBNA Balance Transfer Existing Customers

Some carefully selected MBNA existing customers have, on occasion, received an additional offer for transfers.

Typically, these customers are likely to have had a MBNA credit card for a number of years. They are also, very likely, to have an excellent payment history, and a very good credit rating.

If selected you will receive this MBNA existing customers transfer offer, either by post, or in your online credit card account.

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

MBNA Balance Transfer Offers For Existing Customers 2024

The MBNA offers for existing customers, have in previous years, most often been an offer of 0% for up to 12, or occasionally 18 months. This is a shorter balance transfer offer than is currently available on the best balance transfer cards, in the UK, in 2024.

It is not yet clear what the effect the purchase of MBNA, by Lloyds Banking Group, will have. This could, for example, greatly reduce, or even stop any of these MBNA balance transfer rates for existing customers, in the future.

The recent coronavirus crisis has also had the effect of greatly reducing the number of these types of offers. All of the UK banks and card companies are now more cautious with balance transfer offers for customers. The Barclaycard balance transfer offers for existing customers were all removed during the pandemic, for example.

MBNA Existing Customer Balance Transfer Offers

Many MBNA customers in the UK, will not receive any MBNA offers for existing customers, in 2024. In this case, a large number of alternative 0% balance transfer credit cards are available from other UK card companies.

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


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Balance Transfers:
0% for up to 26 months
Balance Transfer Fee:
3.49%
Purchases:
0% for 3 months
Representative APR:
24.9% APR (variable)
M&S Transfer Plus*
  • 0% for up to 26 months on balance transfers made within 90 days of account opening
  • 3.49% balance transfer fee, minimum £5
  • 0% on purchases for 3 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
  • Manage account online
  • Annual Fee: None
M&S Transfer Plus*
  • You are a UK resident
  • You have an annual income or pension of at least £6,800
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within the previous 12 months
Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)
No balance transfers allowed to this card from first direct, HSBC or M&S credit cards
Balance Transfers:
0% for up to 26 months
Balance Transfer Fee:
3.49%
Purchases:
0% for 3 months
Representative APR:
24.9% APR (variable)
HSBC Balance Transfer*
  • 0% interest for up to 26 months on balance transfers made within first 60 days of account opening
  • 3.49% balance transfer fee applies (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
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None
HSBC Balance Transfer*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions. You might get different interest rates and promotional periods to those shown here, because these depend on your circumstances.
No balance transfers allowed to this card from first direct, HSBC or M&S credit cards
Balance Transfers:
0% for up to 16 months
Balance Transfer Fee:
3.49%
Purchases:
0% for up to 18 months
Representative APR:
24.9% APR (variable)
HSBC Purchase Plus*
  • 0% interest for up to 16 months on balance transfers made within first 60 days of account opening
  • 3.49% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for up to 18 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None
HSBC Purchase Plus*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions. You might get different interest rates and promotional periods to those shown here, because these depend on your circumstances.
No balance transfers allowed to this card from first direct, HSBC or M&S credit cards
Balance Transfers:
0% for up to 12 months
Balance Transfer Fee:
3.49%
Purchases:
0% for up to 20 months
Representative APR:
24.9% APR (variable)
M&S Purchase Plus*
  • 0% for up to 12 months on balance transfers made within 90 days of account opening
  • 3.49% balance transfer fee, minimum £5
  • 0% on purchases for up to 20 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
  • Manage account online
  • Annual Fee: None
M&S Purchase Plus*
  • You are a UK resident
  • You have an annual income or pension of at least £6,800
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within the previous 12 months
Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)
No balance transfers allowed to this card from first direct, HSBC or M&S credit cards
Balance Transfers:
0% for 20 months
Balance Transfer Fee:
4.24%
Purchases:
0% for 3 months
Representative APR:
26.9% APR (variable)
Sainsbury’s Balance Transfer
  • 0% interest on balance transfers for 20 months
  • 3.24% or 4.24% balance transfer fee on transfers made within first 90 days (minimum £4)
  • 0% interest on purchases for your first 3 months
  • Collect up to 3 Nectar points per £2 in Sainsbury’s, Argos, and Habitat
  • Collect 1 Nectar point for every £5 spent on your card elsewhere
  • Online account management
  • Annual Fee: None
Sainsbury’s Balance Transfer
  • You have a permanent UK address
  • You have not been declined for credit in the last month
  • You do not have a history of bad credit
  • You are aged 18 or over
Representative Example: 26.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 26.95% p.a. (variable)
No balance transfers allowed to this card from Sainsbury’s credit cards

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 UK card issuers, in past years. The company issued a wide range of both Mastercard and Visa credit cards. As a result, a 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, charities, rugby and football clubs, for example. However, all of these co-branded credit cards are now no longer available, to any new customer in the UK.

As many people will already 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 any MBNA existing customers wanting to make a balance transfer, will not be able to make a transfer to another credit card which is also issued by MBNA.


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Published: February 13, 2024, Updated: February 28, 2024 by Balance Transfer Expert

All 0% balance transfer credit card offers on this website are updated daily