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MBNA Points Credit Card

If you're looking for a points card that has a lot of flexibility in the rewards you can earn, then you might want to take a look at the MBNA Points Card.

Earning and Redeeming Points

Reward points are earned at the rate of 1 point for every £1 spent. As with all other reward cards, this only applies to the amount spent on purchases as opposed to balance transfers and cash withdrawals.

There is also a bonus points offer. If you use your card for the first time within the first 4 months of card membership, you will receive an extra 2,000 reward points.

Points are easy to redeem on a wide number of products. You can use points towards travel rewards and they can be used as either full or part payment.

You can also use you points to get high street store vouchers as well as entertainment products from DVDs to new televisions.

For ultimate flexibility, you can also convert those points into cash back which you can then spend on whatever you like.

Other Card Features

This card's standard interest rate is currently a Typical 16.9% APR variable. This is for both purchases and balance transfers. Cash advances have a slightly higher rate - currently 22.9% p.a.

There is, however, currently a special introductory rate on balance transfers being offered. The deal is a 0% p.a. interest rate on balance transfers for the first 9 months of card membership. After the introductory period, interest rate will return to the standard variable rates.

There is no annual fee for this card and you can also take advantage of up to 56 days interest free credit when you pay you statement balance in full and on time.



Summary Table

Standard Interest Rate	Typical 16.9% APR Variable
Balance Transfers	Typical 16.9% APR Variable
Cash Advance Interest Rate	Typical 22.9% APR Variable
Rewards	1 point per £1 spent 2,000 bonus points with 1st purchase
Annual Fee	None
Online Account Access	Yes
Purchase Protection	Yes
Interest Free Period	Up to 56 days
Late Payment Fee	£25

Credit Sources Review

This could be a good card for you if you are looking for a wide range of possible benefits from the rewards scheme. The balance transfer offer will also be quite attractive to those carrying balances on higher interest cards.

The standard interest rate on this card is slightly higher than a number of other rewards cards, but if you're the kind of person that likes to pay our bill off in full each month, this may not worry you too much.

The card comes with what are possibly now considered standard features, such as online account access no liability if you're card is used fraudulently. There is also no annual fee so you're not having to pay for the privilege of using this card.

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