MBNA Credit Cards

MBNA Corporation, or Maryland Bank National Association, a holding company, was the largest issuer of credit card, especially affinity credit card. However, in 2006, Bank of America took control over the company and now it provides credit card services in different countries across the world.

Features of MBNA Credit Card:

Being world's biggest card provider, it offer cards for personal and business customers. The company has tie ups with the world's largest banks through which it issues cards.

The cards have a wide range of features like:

• 0% introductory periods.
• Loyalty rewards scheme
• Waived off annual fees
• Protection from Online frauds.

MBNA Credit Card Services:

MBNA has been providing customized services with favorable terms and conditions for years now, and has become quite popular for catering to diverse population with varied needs. It has developed a range of credit cards to suit different needs of its customers.
The most popular MBNA credit cards are:

1. MBNA Platinum Rewards Credit Card:
   This is the most popular credit card which rewards a user's daily spending. The salient features of this card are -
   • 1 MBNA reward point is granted for every €1 spent
   • Rewards on shopping vouchers, cash and more
   • Transfer of money from credit card to current account
   • Charges :
     Balance Transfer - 0% (first 13 months)
     Purchases - 0% (first 3 months)
   • 16.9% p.a (variable) on card purchases
   • 16.9% Annual Percentage Points (APR) (variable) based on credit limit €1200
   • Fraud protection
   • Free online services
   • 24 hours customer services


2. MBNA Classic Master Card:
   With no annual fees, the card allows it user to transfer balances at very low rates. The salient features of this card are -
   • Specially devised for consumers with a low credit rating
   • Saves money by transferring balance from existing credit cards, store cards and loans
   • Charges :
     Balance transfers - 1.9% (first 9 months)
     Handling fee - 3%
     
   • Interest rate - 17.9% APR p.a.
   • Cash Advance Rate - 27.9%
   • Interest Free days - Upto 50 Days
   • Fraud protection
   • Free online card access
   • 24 hours customer services
3. MBNA Platinum Plus Credit Card:
   This card has a special incentive of 0% introductory rates on balance transfer and cheque cash advances. The salient features of this card include -
   • Charges :
     Balance transfer - 0% (first 10 months)
     Cheque cash advances - 0% (first 10 months)
   • Retail Rates - 17.99%
   • Balance Transfer - 19.99%
   • Access Cheques and deposits - 19.99%
   • Cash advances - 19.99%
   • Minimum fees - $15
   • Handling fees - 1%
   • No annual fees
   • Online access to credit card account
   • Internet fraud protection
   • 24 hours customer service
4. American Express ® Credit Card:
   It is an ideal card for earning cash back on supermarket and petrol purchases. The card users are not required to pay any annual or monthly fee. The salient features of this card are -
   • Charges :
     Balance transfer - 21.9%
     Purchases - 18.9%
   • 18.9% APR (variable) on a credit limit €1200
   • No annual fee
   • 1.5% cash back on supermarket and fuel purchases
   • 0.75% cash back on other purchases.
   • Option of additional card holders
   • Fraud Protection
   • 24 hour customer service
   • Free online card services

Benefits of MBNA Credit Cards:

1. Key Operations:
   The user can choose from a range of credit cards that MBNA offers and use it to manage his everyday spending activities. Some of the key operations are:
   • Balance Transfer
   • Money Transfer
   • Travel Convenience
   • Additional Cardholders
   • Contactless Credit Cards
   • Cash Withdrawals
   • Online Card Services
   • Paperless Statements
   • Regular Payments
2. Rewards Programme:
   It facilitates the card holder to accumulate reward points every time he makes any purchase with his card. This is an incentive for the users to switch his spending from cash, cheques and other cards to MBNA credit card. The card holder can redeem his points from high street vouchers to CDs, DVDs as well as branded merchandise. Auxiliary services provided are:
   • Accessing the reward points: The user can check his reward points by logging on to Online Card Services.
   • American Express ® Selects Programme: If the user's card carries the sign of American Express ® symbol, then the user can reap additional benefits on American Express merchandise and services.
3. MBNA Options:
   This benefits the card user by saving his money on things he enjoy doing the most. The user can avail one of the below services to enjoy this facility:
   • MBNA Options- Entertainment: Provides the user with attractive discount offers on meals, movie tickets, events for sports or music, etc.
   • MBNA Options- Shopping Big Brands, big savings!: It offers the user with special services like cash-back, discounts, automatic insurance protection on purchases, and two year warranty cover on purchases of electronic goods.
4. Charity Donations:
   This corporation has tie ups with many charitable organizations, which allows the card holder to swap his reward points over to the charitable cash donations. Moreover, whatever amount of reward points a user donates, the charity receives double its benefit.