MBNA Co UK – Bringing Competition To The Credit Card Market

2007-03-08 10:33:40

( Financial )



MBNA Co UK, or MBNA UK, has been a major credit card provider in the UK credit card industry. MBNA UK is actually a subsidiary of a company which has a solid reputation as the biggest provider of credit cards in the world. With the establishment of MBNA Co UK, the UK credit card industry became really competitive, and this spawned the era of low interest rates for credit cards.

You may be familiar with the many brands of cards in the UK credit card market, like the www barclaycard co uk which has served the UK credit card users for over twenty years. The new entrant MBNA Co UK jolted the card market with its low rates.

You will now find practically all credit cards offering you zero interest accommodations if you transfer your existing balances from other cards. This facility allows you to change your credit card debt from high interest to low interest.

This is especially useful to you if you have an existing balance being charged standard interest in one credit card which you can transfer to another card at no interest.

MBNA Co UK credit card allows you an introductory period of nine months to take advantage of this balance transfer offer. You should remember that after the introductory period interest reverts to a higher interest rate, normally around fifteen percent annually.

MBNA Co UK cards also allow you rewards points, which credits you with points for a certain amount of purchase. The points can later be redeemed in various ways.

The parent company of MBNA UK actually has over fifty different credit cards under its umbrella. The wide variety allows you to choose cards that carry the names of environment-related associations, sports organizations and several others. In effect, you can choose the kind of card that would suit your personality.


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