MANCHESTER, ENGLAND, June 04, 2010
/24-7PressRelease/ -- The Bank of America subsidiary is already well-known for its alternative approach to card finance, in the past it has developed strong offerings involving charities and
football branded credit cards and it even sponsors musical events.
Through the medium of this World Cup competition, the provider has managed to yet again make finance a little more interesting. The competition is open to all those who apply for a Platinum Plus credit card at the MBNA website, but there are a few hoops such as using a specific application form, when
applying for a credit card and then performing a balance transfer once approved.
Speaking about the details of the competition, an MBNA spokesperson said: "With the start of the World Cup just weeks away, MBNA is offering new card-holders the chance to win the Perfect World Cup Party. All you have to do is apply for a Credit Card and complete a balance transfer or money transfer of at least GBP1000 or 75% of the available credit limit. If approved, you will be entered into the prize draw with the winner receiving GBP2000 worth of vouchers."
As if the opportunity to win GBP2000 towards a party wasn't enough, it actually is a
great low APR credit card deal. Successful applicants will get 0% on balance transfers for 13 months with just a 2.9% handling fee, 0% on money transfers for 13 months from the date the account is opened and 0% on card purchases for the first 3 months.
Anyone who's been looking for credit in the last 18 months will know that such figures are not to be taken for granted, the credit card market has seen a significant decrease in the amount of offerings from providers and 0% deals have become a rarity. In recent months the average interest rate on UK credit cards hit 18.6%, a 12-year high that shows no sign of receding. With this in mind, the 16.9% rate on the Platinum Plus card is a pleasant accompaniment to an already outstanding package.
The World Cup Party competition isn't MBNA's first foray into beautiful game territory, for a good few years the card provider has developed strong affinity card deals with some of the UK's leading football teams. Fans of Celtic, Liverpool, Manchester United and many other clubs can all troop the colours by applying for and using their
football team credit card. The affinity deals have proved so popular that they are now a cornerstone of the lender's product offerings and have gone a long way towards making
http://www.MBNA.co.uk one of the UK's largest credit card providers.
Needless to say, the World Cup Party promotion is well timed as world cup fever grips the nation and takes with it many who otherwise would not be interested. The promotion will no doubt encourage credit-seekers and maybe even non credit-seekers to make an application on the off-chance that they win the GBP2000. But behind the prize is a solid and comprehensive credit card offering that matches any of the leading products on the market. Ultimately, it's a win-win situation for the card-holder and it's not often we've heard that in recent years.
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