MBNA Card

MBNA Card: MBNA increased Interest APR fron 18% to 27% for no reason... ... (279 words)
by Nik - written on 05/10/09
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I have had a long relationship with MBNA and suddenly they have applied a 27% APR with only 30 days notice and no reason, that was an overnight increase of 50% from the 18% I have always had. My financial position has not changed and I have never missed a payment. I think the process is, offer 0% then increase credit limits rapidly to be the biggest credit limit over the other cards. Then hike the APR. I can only assume they do it to lock people to them when they have no option and no other card to transfer to. On a £15000 credit limit it will cost me over £1300 extra a year. This is daylight robbery, so only accept the 0% offers if you ...  Read the complete review

Express Review on MBNA Card
by Honesty is the best policy - written on 30/05/09
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STAY AWAY FROM MBNA regardless of if you are in Canada, US, UK. They are the worst bank ever. I had $15,000 available credit and just because I didn't use my card for about 1 1/2 years, which is my own perogative, they reduced my available credit to only $400 without even notifying me. I found out that they did this when I decided to call them to order cheques because I wanted to send my daughter to private school by using my $15,000 available credit. STAY AWAY From MBNA!

MBNA Card: PLATINUM - CARING OR CON? YOU DECIDE (1294 words)
by - written on 14/10/02 (Very useful, 1376 readings)
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MBNA was the first credit card I held, and has remained steadfastly tucked in my wallet ever since. On their main silver accounts they had poor interest rates (around 17.9%APR) and no loyalty packages, but did offer interim incentive periods at very low interest rates for balance transfers. I was going to close both my accounts with them, when RBS refused me a special rate on a balance transfer, so I elected to contact MBNA who offered me 1.9% fixed on balance transfers and cash advances for 6 months and 14.9% thereafter. I discussed with them the possibility of upgrading to a Platinum card as I fulfilled the criteria, yet they said no. I challenged this ...  Read the complete review

How many ways can they make you pay? (268 words)
by - written on 27/07/00 (Useful, 443 readings)
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Maryland National Bank of America want your business! You have probably received mailings from them guaranteeing pre approval and a silver, gold or even platinum card, despite your meager earnings. This is not because they are really nice guys who just want to help you out, sorry. The MNBA card does carry a lower interest rate than many of the high street banks cards, but it is not the lowest. Do check the finance pages of the Sunday papers, (the big ones, not the ones with a nipple count) as they give the best rates available at any time. This card does not carry an annual fee and tempts new customers with ‘cheques’ that allow you to pay ...  Read the complete review

MBNA Card: Excessive Fly Mailings (109 words)
by - written on 13/07/00 (Useful, 102 readings)
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MNBA repeatedly sends student mailshots through the post encouraging them to apply for one of their credit card accounts. Currently I am receiving one every 2 weeks and would have thought that they could utilise their time and effort in better ways. I mean even if i did apply they may not even accept my application, and if they did it would only be of the condition of a tiny credit limit. I just wish they would stop sending me the details on their cards. I mean as if they are going to give a student a platinum card - get real and stop sending me this junk! ...  Read the complete review