All About the MBNA Purchase Credit Card: The Must-Know Details

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Have you been looking for a credit card that can help you spread the cost of larger purchases? Do you want the convenience of having a credit card that can be used for everyday purchases? While there are many choices out there, we know a card that may meet these needs well.

With an MBNA Purchase Credit Card, you can fulfill these needs and enjoy other perks and conveniences. Between promotional offers and user-friendly ways to manage your account, this is a card with great things to offer.

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Interested in seeing what the MBNA Purchase Credit Card has in store for you? Continue reading to find out about its perks and how you can apply for one today. We will help you consider all the details before you decide whether or not you would like to apply.

How to Get an MBNA Purchase Credit Card

What the MBNA Purchase Credit Card Offers Cardholders

The MBNA Purchase Credit Card offers a suite of advantages designed for a wide range of individuals. One of the main highlights that comes with this Mastercard-powered credit card and its ability to provide users with a spreadable cost of a purchase.

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This allows cardholders to ease the burden of paying for items all at once. To do this, the MBNA Purchase Credit Card offers installment plans that can help users repay bigger purchases in a more affordable manner. 

Offering a long 0% promotional rate for card purchases, the MBNA Purchase Credit Card provides users an opportunity to save on interest. If you have costly purchases coming up, this credit card may be a great option for you to finance your transactions.

Further, this card has no annual fee attached to it. This way you do not have to pay in order to simply use the card.

MBNA Purchase Credit Card Fees & Charges

  • Annual Fee – £0
  • Purchase Rate – 0% promotional (promotional period may vary by customer, and the rate will go up afterward)

Note that this is not a comprehensive list of rates and fees that you can expect with this credit card. MBNA tailors its offers to each individual customer and their financial circumstances. Therefore, for more information about the fees, you will have to apply or contact the bank.

Once you are approved for the card, your fees may be assigned based on your specific circumstances. To learn more, apply, and speak with a bank representative to get your statement and summary box.

Ready to Apply for an MBNA Purchase Credit Card?

To qualify for an MBNA Purchase Credit Card, you must first satisfy the eligibility requirements of the bank. This includes being a UK resident and being over the age of 18 to apply. In addition, you must also have a regular annual income.

The bank will also require you to disclose your personal information, including your phone number, email address, and 3 years’ UK address history. Moreover, the bank will also ask for your main bank account number and sort code.

Other documents that might be asked by the bank include financial and employment information, expenses, and residential history.

The application for this card can be completed online through the MBNA website. The process is quite simple, and if approved, your card will be issued and delivered to you in as little as seven days!

How to Increase Your Chances of a High Credit Limit

The minimum credit limit of the MBNA Purchase Credit Card of £100 is quite low and will not provide cardholders with much buying power. Though many applicants will be granted higher credit limits than the minimum offers, it all depends on your personal financial circumstances.

First, the bank will consider your income when deciding what credit limit to give you. Therefore it is essential to claim all of your income sources when applying for this card. The more you are able to prove you earn, the more you may be awarded in credit.

Lastly, minimize the amount of outstanding debt you have before you apply. Though having some debts will not necessarily count against you, if your debt to income ratio is too high banks will be hesitant to give you credit.

If you do receive the minimum credit limit on this card, don’t worry! You can still raise your credit limit over time by using your card responsibly and making payments on time! You can always communicate with your bank about wanting a higher credit limit. They may have additional personalized tips for you.

How to Contact the Bank

We have listed MBNA’s mailing address here: MBNA, PO Box 9614, Ottawa, ON K1G 6E6. You can also call the bank at 03456 062 062.

Conclusion

The MBNA Purchase Credit Card is an excellent choice for individuals looking for a flexible credit card. With its ability to be used for both small and big purchases, you can gain access to installment plans that suit your lifestyle.

Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.

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