All About the MBNA Purchase Credit Card: The Details You Need to Know

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.

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

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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.

What makes the MBNA Purchase Credit Card ideal for many individuals on the market today is its easy balance transfer option. Under this feature, you can move your balance from your existing pool of credit cards. You also have the option to transfer money towards your bank or building society account.

By using the bank’s online and mobile services, you can easily keep track of your account. With these features, you can stay on top of your expenses and manage your finances well. You’ll also get the benefit of paperless statements and contactless payments. Convenience is premier with this card and, since it is backed by Mastercard, cardholders won’t have to worry about their card being accepted or not around the world.

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 you can expect with this credit card. MBNA tailors its offers to each individual customer and their financial circumstances. 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. Interested applicants should also bear good credit standing and be free from bankruptcies. You cannot be unemployed or a current student.

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!

Approved cardholders will receive a minimum credit limit of £100. However, this can be increased or decreased depending on the bank’s discretion and your financial circumstances.

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. However, we have a few tips that will help you increase your chances of receiving a high credit limit.

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.

Perhaps the most important factor in determining your credit limit is your credit rating. Ensuring that you have a good credit rating when you apply will vastly increase your chances of receiving a high credit limit. If your score is not great, making payments of debts on time will help slowly increase it.

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. Therefore, if you are able to, pay off at least some of your outstanding debt before applying for a new card.

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.

To get in touch with MBNA, call 03456 062 062 (or +44 1244 659 005 if you’re dialing from outside the UK).

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 instalment plans that suit your lifestyle. For more information, feel free to check out the MBNA website today. You can also check other offers from MBNA .

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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