Looking for a new credit card? Find out how to switch

If you are looking to take advantage of a good balance transfer deal, switching credit cards needn’t be a stressful experience. It can usually be done relatively quickly and could help you save money.

When considering changing your credit card, there are several routes to choose from. The best one for you will depend on your circumstances and financial needs.

How could swapping your MBNA credit card help you?

Here’s an example - you’ve got an existing MBNA credit card that doesn’t suit your needs any more. Perhaps you took it out to consolidate other debts which you’ve now managed to pay off. Now you need a card which has a promotional offer on purchases instead, both for day-to-day spending and larger planned purchases.

A new MBNA credit card could be a good solution to meeting your changing needs. Just bear in mind, if you switch cards you’ll lose any promotional rates you currently have, and your new card will have its own set of terms and conditions (make sure you read those carefully).

Other options for your existing MBNA credit card

Rather than swapping, the following options could make your existing MBNA credit card more flexible. Log in or register for Online Card Services to make requests online, or just pick up the phone.

  • Your credit limit - you could apply for a credit limit increase.
  • Check for transfer offers - we do provide offers to existing customers, which could help you get organised and save on higher interest repayments elsewhere.
  • Additional cardholder - you can share your credit card account and credit limit with anyone aged 18 or over, subject to status. Handy if you’d like to keep track of expenses on one card. As the main cardholder, you'll be responsible for any spending and making monthly payments.

Want to keep your existing MBNA credit card too?

If you’d rather keep your existing MBNA credit card and apply for an additional one to meet your current needs, take a look at our guide to choosing a second credit card from MBNA.

If you’re definitely done with your existing MBNA credit card, keep on reading...

Apply to swap your existing MBNA credit card

You don’t need to change provider to take advantage of a new card with features and benefits to suit your current needs and lifestyle, such as introductory offers. We don’t want to lose you, so you can apply to swap your existing MBNA credit card if you meet the following conditions:

  • You’re not looking to switch to the same card as your existing card e.g. Platinum to another Platinum Credit Card (check the name on your card).
  • You can’t apply to swap your current MBNA credit card within 60 days of having opened it.
  • Your application is subject to a full credit and affordability check.

Here's how to swap:

  • Log in or register for Online Card Services to view a range of credit card options. Once you’ve picked one, follow the instructions to apply.

If your application is successful, your current MBNA credit card will be closed and your new card will be issued to you by post.

Switching credit cards to a new provider

This could be the best option if you want to make the most of new customer offers, or if you’ve seen a competitive interest rate which will help you save money in the long or short-term. Here’s what you should do if you’re looking to switch to a new provider:

  1. Shop around - compare credit cards to help you find the best deal for your financial needs.
  2. Check you’re eligible to apply - many lenders have eligibility checkers to give you a good idea if you’re likely to be accepted before you complete a full application.
  3. It’s a good idea to close old credit cards once you’ve fully paid them off. High levels of available credit (even if you’re not using it) will be taken into consideration by lenders when they check your credit report to make lending decisions on new credit products.

Getting a balance transfer card

Balance transfer credit cards could be ideal when changing credit cards. They allow you to transfer part, or all of the balance you owe on another credit card and transfer it to a new card with another lender on a lower or 0% interest rate to save you money. It’s important to remember you will usually have to pay a transfer fee when transferring a balance, so you need to take this into account when working out how much you could save.

Switching credit cards can help you save money, so you should shop around and look at the different offers out there. Before you do anything, work out what’s best for your personal circumstances and check you’re eligible for the card you’re looking to switch to.