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The MBNA 5 Credit Card – a great alternative to a loan

The MBNA 5 Credit Card – a great alternative to a loan
  • Why is this a great loan alternative? With the MBNA 5 Credit Card you’ll have the flexibility to pay the minimum, a fixed amount, or even a lump sum, whenever you want. Great for managing your monthly budget – although you’ll always need to make at least the minimum monthly payment. Unlike a loan, you can’t select your credit limit, and in order to repay before the promotional period ends it’s sensible to set up regular payments of more than the minimum amount, or it could cost you more and take you longer to repay your balance.
  • 4.9% p.a. on transfers and card purchases for up to 5 years from account opening (0.5% handling fee on transfers). Offer applies to balance transfers, money transfers and card purchases made in the first 60 days. When these offers come to an end and for card purchases or transfers made after the first 60 days, a standard rate of 8.9% p.a. applies (0.5% handling fee on transfers).
  • Check your eligibility before you apply. Eligibility for this credit card depends on your circumstances and the results of the eligibility check. The APR, credit limit and terms of the offer you get may differ from the example.
    As well as our usual criteria, to qualify for this card you need an annual income of £20,000 or more.

All standard interest rates and handling fees are variable, so may differ from those shown after your offer ends.

Representative example:
8.9% p.a. (variable)
on card purchases
This is equivalent to
representative (variable)
Based on a
credit limit
Check eligibility

Product details may differ subject to eligibility check

Remember to stay within your limit and to make your monthly payments on time, otherwise you’d lose the promotional offers on your account and pay the standard interest rate instead.*

Other benefits
The MBNA 5 Credit Card
Other benefits

Contactless and mobile payments

Make fast and secure payments using a card, or a range of mobile devices, usually without entering your PIN.

UK call centres

Wherever you are, we’re just a phone call away.

Banking on the go

Manage your MBNA 5 Credit Card using our range of online and mobile services.

24 hour fraud support

You will not be liable for fraudulent transactions online or on the high street (including contactless transactions), providing you tell us as soon as you notice any unusual transactions or you can’t find your card.

Paperless statements

We’ll let you know by email when there’s a new statement to view online.

Add cardholders

Add up to 3 additional cardholders − they’ll each receive a credit card and PIN.1

Easy payments

We offer a range of payment options, including Direct Debit.

No annual fee

We don’t charge you an annual fee for having an MBNA 5 Credit Card.

Useful information

Eligibility criteria

  • You’re a UK resident.
  • You’re aged 18 or over.
  • You’ve had a permanent UK address for 3 years or more.
  • You have a good credit rating/history.
  • You’re not unemployed or a student.

You’ll need to provide

  • Your address history for at least 3 years.
  • Contact details, including an email address.
  • Employment and salary information.
  • UK bank account details.

Eligibility check

Find out if you are eligible before applying for this card. As part of our eligibility check a quotation search will be carried out which won’t show up on your credit record as a full search, so it won’t affect your credit rating.

Eligibility for this credit card depends on your circumstances and the results of the eligibility check. The APR, credit limit and terms of the offer you could get may differ from the example.

What do you know about MBNA?

Based in the UK since 1993.

Moneyfacts Consumer Credit Card Provider of the Year for 4 years running.2

5 million+ card holders.

1 Any additional cardholder(s) must be over 18 years of age, reside at the same primary address, and have a relationship of close family member (defined as; spouse, child, parent, sibling or domestic partner).

2 Moneyfacts Consumer Credit Card Provider of the Year 2014, 2015, 2016 and 2017.

3 Transferring other debts to this card and paying only the minimum amount due each month may lower your overall monthly debt repayments, but it may take you longer and cost you more to repay what you owe. Other lenders may charge a fee for settling a loan early.

If you make card purchases, you will pay interest on these transactions, unless you pay your statement balance in full, every month or if you have a retail promotional interest rate of 0% on your account.

* Promotional offers will no longer apply from the beginning of any statement period during which you have breached your terms and conditions, for example if you haven’t paid on time or have gone over your credit limit. You cannot transfer balances between MBNA accounts.

The MBNA 5 Credit Card is issued by MBNA Limited. Registered Office: Stansfield House, Chester Business Park, Chester CH4 9QQ. Registered in England and Wales under company number 02783251. Authorised and regulated by the Financial Conduct Authority. MBNA Limited is also authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, Register Number: 204487 for the provision of payment services. Credit is available, subject to status, only to UK residents aged 18 or over.

Calls and online sessions (e.g. completing an application) may be monitored and/or recorded for quality evaluation, training purposes and to ensure compliance with laws and regulations.