MBNA OFFERS MARBLE CARD

2007-03-08 10:33:40

( Financial )



MBNA offers marble card to its clients. It is a type of credit card suited for purchases due to the many benefits it offers. It offers clients discounts on insurance for car, home and travel. It also offers special deals on participation to special events.

Cash Back Benefits

Marble card being sold by MBNA provides cash back earnings on purchases every fiscal year. A small percentage of the amount of the credit card holders' purchases are credit to their accounts as cash back earnings for their loyalty in using marble card. However, no cash back earnings are provided for transactions related to balance transfers, cheque payments, cash advances and insurance premiums. Amount of cash back is reduced for canceled and refunded purchases.

No cash back on purchases is credited for terminated marble card accounts as well as for accounts with more than two months unpaid transactions. Fraud, theft and dishonesty in the use of marble card will also result to termination of cash back benefits as well as termination of marble card account.

Fast Payment Processing

MBNA assures processing of payment of marble card accounts is fast. A maximum of two days is expected to transfer payments to marble card account. Payment can even be made through debit card and will be credited to marble card account.

Balance Transfer is Not Allowed

Balance transfer of other credit cards to marble card accounts is not allowed within the same credit card provider. Marble card might be more beneficial to young professionals due to the discounts and special offers in it loyalty program which is mostly enjoyed by this market. Also, the credit limit set for each customer is relatively higher which is reviewed regularly based on repayment performance.

Worldwide acceptance of marble card makes it beneficial for individuals who frequently travel. Thus, MBNA made sure it forms part of its credit card products and services.


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