MBNA And Virgin?

We see many credit card customers looking for answers to questions related to the relationship between MBNA and Virgin Money.

Some of the most recent questions relating to MBNA and Virgin have included the following :-

• Are MBNA and Virgin Money the same?
• Are Virgin Money credit cards MBNA?
• Are Virgin  and MBNA the same company?
• Can I balance transfer from MBNA to Virgin?

MBNA And Virgin

The reason that credit card customers are asking these types of questions related to MBNA and Virgin Money, are that these cardholders know that the credit card companies do not allow balance transfers between credit cards that are issued by the same company.

Virgin Money credit cards are now promoted by Virgin Money. However in the recent past, all of the cards themselves were actually issued by MBNA Bank Europe. As a result, this meant that balance transfers were not allowed between MBNA and Virgin Money credit cards.

Today, Virgin Money issue a number of credit cards themselves. However, some e.g. the Virgin Atlantic credit cards were still issued by MBNA until as recently as November 2017.

Further complicating matters is the fact that Virgin Money took on many of the past Virgin/MBNA customers but not all of them.

As a result, unless you have read the small print of your credit card agreement and are certain who issues your current MBNA/Virgin credit card. It can often be safer to assume that transferring between MBNA and Virgin Money may lead to potential problems, and your balance transfer could be refused.

All of the following featured credit cards will however accept a balance transfer from both MBNA and from Virgin Money credit cards :-

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

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 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

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

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

The recent takeover of MBNA by Lloyds Banking Group, has resulted in a large number of MBNA issued credit cards being withdrawn. MBNA had issued a large n umber of credit cards for football clubs and charities. These cards are now no longer available.

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