MBNA 5.9% APR Rate For Life Credit Card

If you live in the United Kingdom, you have an interesting financial product available to you in the form of the MBNA 5.9% Rate For Life Credit Card from MBNA Europe Bank Limited. While many cards offer a low introductory rate, not many of them let you hold onto it once the introductory period ends. This card offers you a promotional rate of 5.9% that will never change for the life of your balance transfers and money transfers.

There are two stipulations, however, for this rate. First of all, each balance transfer will be charged 2% for the first 60 days and 3% thereafter. Secondly, you must make these balance transfers within 60 days in order to take full advantage of these great rates. You should also know, however, that the standard variable rate is fairly attractive too.
This card, obviously, is very helpful in regards to rearranging your finances and perhaps even saving money through debt consolidation. You can also save, however, because this card has no annual fee. Another method of saving is available in the form of a 50 day interest-free period. Basically, you have 7 weeks to pay off your new balances before you need to be concerned about interest accruing. Obviously, this could save you some significant money if you plan accordingly.

Finally, you may also appreciate that much of your account can be handled online or over the phone. You can set up paperless statements so that your monthly bill comes to you via email and then pay your bills online. While you are helping yourself by improving the efficiency by which you manage your account, you can also help the environment by reducing your paper waste! You will also have peace of mind since you are safe from fraud because the card is verified by Visa.