MBNA highlights debt relief possibilities of new credit card

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MBNA highlights debt relief possibilities of new credit card

Consumers could save money by transferring their balances across to a new MBNA credit card, according to an expert from the firm.

Product executive for MBNA operator Bank of America Europe Card Services Will Curley stated that the company intends to offer "value and choice" to the public.

He said he is delighted to launch a new credit card - which can only be applied for online - that allows people to carry out balance transfers for the first 90 days without being charged a handling fee.

"We know this product will appeal to many of our customers, particularly those looking to pay down their debts over a short period with lower fees," noted Mr Curley.

The introductory balance transfer and money interest rate on the card is 1.9 per cent for the first year.

This week, Fair Investment Company spokesperson Rachel Mason urged consumers to be sensible when considering whether to take out a credit card.

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