If you compare an interest rate credit card to the next, you need to consider your individual spending habits and what is most relevant to your lifestyle. If your main goal is to speed up debt collection or keep a card in case of an emergency, then perhaps it`s fair to just look for the lowest interest rate. But let`s say you often need cash advances — you`re going to get a card that not only has a low price for purchases, but also when you have to pick up invoices from the ATM. If you`re planning to make a few purchases of large tickets, you may want a card that offers additional benefits such as extended warranties and purchase guarantees. If you look at your priorities, you can find the right low-interest card for you. I`m interested in applying for the true line mbna credit card – and during the research, I came across your article. My question is, wouldn`t ask for an MBNA rate on the card impact score? Because for them to give me a low rate, they have to look at my story? I also assume that if I did not provide my sin card, the rate would probably be the highest, which would beat the whole purpose of prior authorization. I owe a lot of money on a Walmart credit card. I can transfer that debt at a lower interest rate and pay a good size each month. “By sending the form below, your request automatically generates a request on your credit bureau file. The information is then forwarded to TransUnion, an external credit institution.
If all is true, we will verify your identity and provide you with the low annual rate you can get. The rate applies to “all balance transfers made within 90 days of opening the account and remains in effect for 12 billing periods from the transaction date of each accounting transaction.” All in all, the scenario you described in your comment was possible, so good luck! I have been a MBNA customer since 2007 due to the 9.99% interest rate and frequent promotions. But… MBNA is sending me a message that they will increase their interest rate to 14.99% from August 1. Sudden increase of 5% !!! I am sorry. But I`m not loyal! Hello, Pat, thank you for this interesting question. MBNA is very flexible when it comes to transferring different types of debt between accounts, but you must first check with them if this is possible.