MBNA Balance Transfer Existing Customers

What are the MBNA balance transfer existing customers offers in 2021? Are there any MBNA existing customer balance transfer deals? What are the current MBNA offers for existing customers?

All of the above, are recent 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 a couple of years. They are also, more than likely, to have an excellent payment history and credit rating.

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 a shorter balance transfer offer than is available on the current leading UK balance transfer cards.

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

The current coronavirus crisis is also likely to greatly reduce the number of these types of offers. All banks are currently reducing balance transfer offers for all customers.

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 UK 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 29 months

Balance Transfer Fee:

2.75%

Purchases:

0% for 3 months

Representative APR:

21.9% APR (variable)

Card Details

HSBC Balance Transfer*

• 0% interest for 29 months on balance transfers made within first 60 days of account opening
• 2.75% 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

Application Criteria

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

Card Offers

Co-operative Bank Balance Transfer

Balance Transfers:

0% for 24 months

Balance Transfer Fee:

3%

Purchases:

0% for 4 months

Representative APR:

20.6% APR (variable)

Card Details

Co-operative Bank Balance Transfer

• 0% interest for 24 months for balance transfers made within 60 days
• 3% balance transfer fee, minimum £5
• 0% interest on purchases for 4 months from account opening
• All successful applicants will receive this exact rate and offer
• Online account management
• Annual Fee: None

Application Criteria

Co-operative Bank Balance Transfer

• Only available to customers who have held a Co-operative Bank or smile current account for 1 month or more
• You are a UK resident
• You have annual income of £10,000 or more
• You are aged 18 or over

Card Offers

Capital One Balance Transfer

Balance Transfers:

0% for up to 24 months

Balance Transfer Fee:

3%

Purchases:

0% for 3 months

Representative APR:

34.9% APR (variable)

Card Details

Capital One Balance Transfer

• 0% on balance transfers for up to 18 months
• 3% balance transfer fee
• 0% on purchases for 3 months
• Credit limit up to £86000
• Online account management
• Annual Fee: None

Application Criteria

Capital One Balance Transfer

• You are a UK resident
• You have had credit cards in the past
• You are a home owner
• You have an income of more than £20,000 per year
• You are aged 18 or over

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 applies (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
• Worldwide offers and discounts with HSBC home&Away
• Manage your card online
• Annual Fee: None

Application Criteria

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

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, rugby and football clubs, for example. However, all of these football, rugby club and airline credit cards are now no longer available to any new customers.

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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