MBNA is part of Bank of America group and is launching lots of credit cards with varieties of offer. Now it’s easy for people to pay down their debit through the innovative credit card deal launched by MBNA.

This deal is offering credit cards with interest rate of 1.9% yearly on money transfer and on balance amount without any handling fee.

There are enormous credit card providers who offer 0% interest deals annually or longer. These credit card providers charge a sum of around 3% on the balance which is being transferred. As most deals of credit cards are applicable on balance transfer and purchase where as MBNA credit card deals are applicable in money transfer also.

This new offer is available for customers who attend their credit card online and any transfer is to be made in 90 days from the date of activation. The interest on any purchase done through credit card is charged at an interest rate of 16.9% (APR).

This deal allows the consumers to utilize balance transfer to clear out non–credit cards debts and giving the consumers and a golden chance to step back from expensive loans or from overdraft rates.

Through this deal just like balance transfer money transfer directly can be paid into current account. Handling fee is not charged which is a very attractive plus point for the consumers.

For an example if a loan of 2,500 pound could cost approx. 273 pounds with annual interest rate but the similar amount will cost 47.50 pound with annual interest rate of 1.9%.

Another fantastic credit card offer launched by MBNA provides you 0% interest for 12 months from the day of card activation. This offer is valid on both balance transfer done within 60 days as well as with card purchasing and 3% handling charge is applied both on balance transfer as well as money transfer . The APR rate for this credit card is 18.9%.