MBNA Platunum Visa credit card - Benefits & Rewards
Introducing the MBNA Platinum Visa credit card. with a competitive APR and a substantial introductory offer on interest-free balance with Secure online application.
Card Name
MBNA Platinum Plus
Card Type
Visa Card
Card Issuer
MBNA Bank
Exclusive Features
Low balance transfer rates
Eligibility
Minimum Age
Anyone who is a UK resident aged 18 or over
Minimum Income
There is no stated minimum salary required and have a good credit history
Status
You must have a residential UK address and have a legal right to reside within the UK - Proof of ID required - Credit check done -
Type of card - Visa Credit Card
The MBNA Platinum card is a Visa card - Visa cards can be used in 160 countries, and are accepted by over 24 million merchant outlets worldwide.
MBNA Credit Card Fees
Card Application Fee
FREE
Card annual fee
FREE
Card Limit
NONE
Interest Free Period
56 days
Minimum payment
If the balance shown on your statement is £ 25 or less, it will be the total amount of the statement balance; or if the balance shown on your statement is more than £ 25 , it will be whichever is the least of 3 % of the statement balance or the total of any Payment Protection Cover charges, interest, handling fees and default charges plus £5, provided that it will always be at least £ 25 .
Late Payment charges
£ 12 for going overlimit, making late payments and for returned payments.
Introductory offers - APR
Intro Rate
Intro Period
Annual Rate
Purchases
0%
Sept 2008
15.90%
Balance Transfer
0%
July 2009
15.90%
Cash
n/a
n / a
27.90%
Balance Transfer details
Fee percentage
2.9%
Minimum fee
£25.00
maximum fee
2.9% handling fee
Rewards - Features and Benefits
Shopping rewards program
Reward points
Free Online payment protection
Free purchase protection
Free price protection
Free warranty cover
Travel insurance protection
Earn Airmiles
Contributions to Charity
Online Access
Charges -
Charges
2.9 % handling fee (min.£ 3 ) on: credit card cheques and balance transfers.
2.75% commission on foreign currency transactions.
Allocation of payments
They will use your payments to reduce balances at lower rates of interest before balances at higher rates of interest. Where you have two promotional rates which are the same, we will use your payments to reduce the balance with the longer promotional period first.
Additional Benefits -
Online Banking – Access your account to view your PIN, check your balance and transactions, set up direct debits, carry out balance transfers and much more.
Free 24 hour worldwide Customer Satisfaction Helpline - wherever you are, whenever you need them, our Customer Satisfaction Representatives are just a Freephone call away
Issued By:
MBNA Europe Bank Limited is authorised and regulated by the Financial Services Authority and is entered on the FSA's Register ( www.fsa.gov.uk/register) with FSA Register Number 204487. MBNA Europe Bank Limited is licensed to provide consumer credit by the Office of Fair Trading in the UK
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COMPARE PREPAID CARDS
A credit card can be defined as a plastic card that allows customers to purchase any product or get a service without the payment of cash thereby enabling them to pay at a later date. To get the services of this card, the customer has to get his bank or company account that would sponsor his card. The credit card cannot be used to make purchases from business houses until the customers receive their limit in the card.
The sponsor would receive a bill every time, which would tally the activity of the card in the previous 30 days. The different card terms and conditions needs to be understood for the customer to fully access the credit card. Credit cards have been developed only in the recent years. The bank of America began to provide license to banks to provide with special bank Americard only in the year 1960.
Benefits, Uses And Security Features Of A Credit Card
By issuing credit cards, different banking organizations and companies have made a lot of profit. They churn huge amount of money from the interest that is charged on the unpaid cards, as well as by charging of annual fee for the use of the card by the customer. The sponsors even profit by charging service fees for late payments. Different credit cards have been designed with certain features so as to avoid any fraud usage of the credit card.
The security features of the credit card are the card's account number, its signature panel, and the magnetic stripe. The card's unique account number is of foremost importance as it deals with the main transaction work and therefore must be necessarily protected.
In order that people do not use a wrong account number, companies rely on different laws of statistics to help in protection. The second security feature involves the signature panel on the back side of the card. The signature panel is so designed so as to prevent criminals from erasing the black panel of the credit card and putting their own signature instead. The third security feature of the credit card is the magnetic stripe on the back of the card.
Lastly, there are certain other security features that make the cards impossible to be duplicated. This is made possible by holograms.
Manufacturing Of Credit Cards
Credit cards are manufactured by layering plastic laminations together. The manufacturing process of a credit card involves a variety of stages. The different stages in the manufacture include compounding and molding, printing, lamination, die cutting and embossing.
Increasing demand for use of credit cards
Due to the varied user-friendly applications of the card, today the use of credit card has grown highly in demand in the recent years. In an age of globalization, credit cards have helped in the easy facilitation of money transactions. The credit card is therefore one of the most useful innovations of science and technology.
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