- 15%Cashback via MBNA Smart Rewards on purchases
MBNA currently offers targeted welcome bonuses on select Balance Transfer cards, including £25 to £28 in cashback.
Some cards offer rewards like up to 15% cashback via MBNA Smart Rewards on purchases.
24-29% Variable APR
A key differentiator is the ability to earn cashback on new purchases while enjoying a 0% interest period on balance transfers, making it a practical choice for those looking to manage debt and earn rewards simultaneously.
Pros:
- 0% interest periods available
- Cashback on purchases
Cons:
- Limited rewards on transferred balances
- Variable APR can be high
The MBNA Balance Transfer Credit Card is well-suited for individuals seeking to consolidate existing debt while benefiting from a 0% interest period on balance transfers and the opportunity to earn cashback on new purchases. Its no annual fee structure adds to its appeal, making it a practical option for those looking to manage their finances effectively without incurring additional costs.