MBNA launches excellent all round credit card with low fees

MBNA has launched an excellent all-round credit card that combines a low rate of interest with interest free periods on balance transfers and new purchases.

The new “Everyday” new credit card offers zero per cent interest for seven months on all purchases.

It also allows people transferring balances from an old credit card 17 months at zero interest to pay off their old debts before interest kicks in if they transfer the balance within 60 days.

The charge for the balance transfer is also less than average, at two per cent.

Thomas Rebel, Product Marketing executive for MBNA said: "This is without doubt one of the most comprehensive all round credit cards we've ever brought to market.

"It offers a convenient solution for everyone who wants to take advantage of a low APR and great promotional offers and low fees. Plus, what you see is what you get. We won't offer different rates to anyone who is accepted for this product."

"We're creating new products that differentiate MBNA in the credit card market and we're committed to giving more value back to consumers. The new Everyday credit card is a great example of that.

"The Everyday credit card offers very competitive rates and promotional offers right across the board because we want people to consider MBNA credit cards when they are deciding on a card to suit their needs," Mr Rebel added.

The Everyday credit card from MBNA is contactless-enabled.