MBNA Rate for Life Visa Card
From MBNA
Summary
MBNA Rate for Life Visa Card is provided by MBNA.
The representative APR is 16.9%APR variable.
The representative APR is 16.9%APR variable.
How long will it take to repay with the MBNA Rate for Life Visa Card
Balance transfer
Purchases
Fixed payment
By switching to the MBNA Rate for Life Visa Card, you could pay off £1000 in by budgeting £50 each month. This would effectively cost you £50.
Minimum payment
By comparison, if you only make the minimum payment each month, it would take 4 years and 10 months to repay, costing you a total of £1,426 on top of the original balance!
If this seems high, that's because your minimum payment is calculated as a percentage of your balance. This means each payment will be slightly lower than the month before which will have less effect on clearing your balance. So be smart and pay as much as you can afford!
Customer reviews (1)
"great card if you're too forgetful to balance transfer"
love this card!! 6% APR, which is the lowest in the market place, guarenteed for life. so its best for purchases and using as an everday spending card.
mbna custmer service is very good too.
overall, very happy with this card!!
Rates & Charges
Introductory rates
Balance transfers
Not available
Balance transfer fee
Not available
Purchases
Not available
Ongoing rates
Typical APR
Balance transfer rate
Balance transfer fee
3% or £3 minimum
Balance transfer limit
98% or £50000 maximum
Cash advance rate
27.9%
Fees and Charges
Annual fee
£0
Cash advances
3% or £3 minimum 84 cards better than this
Foreign currency transactions
Late payment fee
£12
Over limit fee
£12
Returned payment fee
£12
Insurance and Protection
Payment protection
Payment protection
Free payment protection
Free warranty cover
Free price protection insurance
Online fraud protection
Online fraud protection
Travel insurance
Lost luggage cover
Travel delay insurance
Travel insurance upgrade
Requirements to qualify
Minimum credit history
Good
Minimum age
18
Minimum income
£0.00
Must be employed
Yes
Repayment
Interest charged from
Debit
Interest-free period
50 days
Interest-free period on cash advances
None
Time to make payment after statement date
22 days
Minimum payment
1% of balance or £25
Payment by direct debit
Available
Rewards
Not available
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