MBNA Canada

MBNA Platinum Plus MasterCard with 0% Interest (For 10 Months) + No Annual Fee

Posted March 13, 2012 @ 2:39pm
Expires March 6, 2013

Expired Deal

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This deal has expired!

If you're carrying some credit card debt, chances are that you're paying 19% -- or more -- on it. MBNA has a decent, no-fee, no-frills card that's particularly good for balance transfers. Here's a look at the MBNA Platinum Plus MasterCard:

0% Annual Interest Rate on Balance Transfers for the first 10 full months
0% Annual Interest Rate on Access Cheques and Deposits
No annual fee
Credit Limit up to $100,000
Extended Warranty Benefits extending the written warranty for up to one year on most new purchases made with the card

Application restrictions are pretty minimal -- you must be the age of majority with a minimum total household income of $35,000. If you're looking for some of the higher-end credit card perks -- cash back or price protection -- you'll probably do better with something like the Smart Cash card -- or you can explore all the options with RedFlagDeals.com's Canadian Credit Card Comparison page.

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- Kate M
- Actually, I was wrong about one thing -- this card does include Extended Warranty Benefits, extending the written warranty for up to one year on most new purchases made with the card!
- malletking
- There is 1% admin fee for transferring.
- Beckler
- Why no mention of what the actual interest rate is on balances? This is nothing more than an advertisement. I grow increasingly tired with RFD...
- Kooldude
- Thanks, but even though it says it is 0% for the first 10 months,
  they seem to charge 1% of the balance transfer amount as a 1 time fee,
  so just be careful as to assume it is truly 0%.
- WHO
- If you look carefully in the Personal Finance forum, you'll find a thread dedicated to 0% BT, and even a 15-month one!
- wilsonlam97
- IMPOSSIBRU!
  
  My father has this card and it's used for online purchases. Since when was interest 0%?
  
  The card is a Maple Leafs MBNA Platinum Plus.
- SkiLLz
- If you look carefully in the Personal Finance forum, you'll find a thread dedicated to 0% BT, and even a 15-month one!
  Yeah but this is an advert rather than a discussion. I have no problem with YellowPages making money from this site, but it would be nice to indicate that this is advertising rather that rather than disguise it as a hot deals thread.
  
  Also to ad, I am a big fan of the card. I've used two 15-month cards to pay for a car and a $20k mortgage payment. They're great if you're disciplined.
- Kate M
- This is nothing more than an advertisement. I grow increasingly tired with RFD...
  I've actually worked for RFD for 4.5 years and this is the actual credit card I carry in my wallet. Like I said in my post, this is a decent, no-frills, no-fee credit card.
- actng
- 0% for 10 months is cold deal
  
  ongoing mbna 0% for 15 months deal here:
  http://forums.redflagdeals.com/mbna-...ad-2-a-813854/
- charliebrown
- 0% for 10 months is cold deal
  
  ongoing mbna 0% for 15 months deal here:
  http://forums.redflagdeals.com/mbna-...ad-2-a-813854/
  In all fairness, i never knew the credit limit was up to $100,000...maybe it's time to switch over the mortgage to 0% (net of 1% fee of course)
- invinci
- There is 1% admin fee for transferring.
  If you call them and ask to waive the 1% they would do it... I've done it 2 times and they waived it both the times... if this helps.
- joegiba
- Free of charge. 0% interest. Why not. sounds cool to me
- MP3_SKY
- I never mind the % because I pay the balance in full every month and that's what you suppose to do. If you need to shop for a better rate credit card, time to regroup your finance and control the spending. my .02.
- actng
- I never mind the % because I pay the balance in full every month and that's what you suppose to do. If you need to shop for a better rate credit card, time to regroup your finance and control the spending. my .02.
  you can't be serious. even if you aren't aware of or into debt leveraging...:
  
  get from mbna $100,000 @ 0% + 1% transfer fee, total cost = $1000
  deposit into ally savings $100,000 @ 2% = $2000
  
  $2000 revenue - $1000 cost = $1000 profit.
- rain
- wow you guys must have really high income to get 100k loan with mbna. I think their calculation is 30% of income. You guys earn 350k/yr? If people's income were that high, they wouldn't be stingy over 1k profit by borrowing 100k to put into ally to gain 1k.
- actng
- wow you guys must have really high income to get 100k loan with mbna. I think their calculation is 30% of income. You guys earn 350k/yr? If people's income were that high, they wouldn't be stingy over 1k profit by borrowing 100k to put into ally to gain 1k.
  you're wrong on so many levels.
  stingy? wrong word
  $1k profit? profit is profit. but they'd prolly be leveraging that debt for higher return than 1%.
  2% ally savings is almost guaranteed return
  you need to take some finance classes and learn about arbitrage.
- ax89
- I dropped MBNA mastercard years ago because they kept bugging me with calls to do the transfer or sending "mastercard cheques" which were treated like cash advances, etc. Finally got them out of my hair after about 8 years and I'm not going back for this offer.
- ax89
- I dropped MBNA mastercard years ago because they kept bugging me with calls to do the transfer or sending "mastercard cheques" which were treated like cash advances, etc. Finally got them out of my hair after about 8 years and I'm not going back for this offer.
- loletifie
- I never mind the % because I pay the balance in full every month and that's what you suppose to do. If you need to shop for a better rate credit card, time to regroup your finance and control the spending. my .02.
  +1
  
  And maybe it's just me but I won't borrow money to put in a account to make 1% of that amount (which won't be exactly 1% but more likely 0.6% after income taxes). Sounds like it doesn't worth the headache.
- bubble.tea
- If you look carefully in the Personal Finance forum, you'll find a thread dedicated to 0% BT, and even a 15-month one!
  lol....don't even have to look carefully,
  
  I've actually worked for RFD for 4.5 years and this is the actual credit card I carry in my wallet. Like I said in my post, this is a decent, no-frills, no-fee credit card.
  lol, all these years and alas you've succombed to the...REeeeeeeeePOST!!! lol.
  
  I never mind the % because I pay the balance in full every month and that's what you suppose to do. If you need to shop for a better rate credit card, time to regroup your finance and control the spending. my .02.
  heck why stop there? perhaps we should quit RFD while we're at it?
  
  Thread merge with the original that lists the codes to activate the card.
- binwoot
- Worth the switch from my Amex Costco platinum cash rebate card?
- bigjee
- I never mind the % because I pay the balance in full every month and that's what you suppose to do. If you need to shop for a better rate credit card, time to regroup your finance and control the spending. my .02.
  If you pay your balance in full every month then this card isnt for you.
  
  For those ppl that need to take a loan for a few thousand dollars for 10 months or so this card is better for them as taking out a similar loan from your bank means you'll get raped by them left right and center.
  
  I dropped MBNA mastercard years ago because they kept bugging me with calls to do the transfer or sending "mastercard cheques" which were treated like cash advances, etc. Finally got them out of my hair after about 8 years and I'm not going back for this offer.
  A few other credit card companies do that also (PC financial etc.) so I'm not to worried about it.
  Jsut make sure you shred the instant checks that they send you in a proper shredder.
- bigjee
- you can't be serious. even if you aren't aware of or into debt leveraging...:
  
  get from mbna $100,000 @ 0% + 1% transfer fee, total cost = $1000
  deposit into ally savings $100,000 @ 2% = $2000
  
  $2000 revenue - $1000 cost = $1000 profit.
  Easier said than done.
  Getting 100,000 from mbna isnt possible for everyone.
  
  You probably know all the factors that go into determining your credit limit and most ppl wont be eligible for 100K.
- Kasakato
- I never mind the % because I pay the balance in full every month and that's what you suppose to do. If you need to shop for a better rate credit card, time to regroup your finance and control the spending. my .02.
  Arbitrage.
- WHO
- lol....don't even have to look carefully,
  
  lol, all these years and alas you've succombed to the...REeeeeeeeePOST!!! lol.
  
  Thread merge with the original that lists the codes to activate the card.
  I admit, it's a thread that's almost always bumped up. Really not hard to find at all.
  Especially now that the OP admits to being a previous RFD employee
  
  Merge, merge, merge.